Apart from charging exorbitant rates, overloaded with huge margins, these money changers do not let the traveler know that foreign exchange rates, akin to stocks, change almost every second.
Anup Bagchi, Executive Director, ICICI Bank said, “These new propositions will help Ola’s driver-partners to manage their finances in a better way, while also enable customers of Ola to get easy access to instant credit in a simple manner."
Travel credit cards offer multiple benefits in the form of discounts and reward points. Read the fine print before signing up for one.
This facility allows you to transfer the amount due on one card to another which has lower or zero interest rates compared to the first one.
By continuously monitoring your credit score and report, you can avert unnecessary issues which could deter your loan approval.
It is imperative to first understand the three most important “C’s” of how to build good credit!
Timely repayment of any loan creates a clean repayment history for the individual.
Before you go on a trip abroad, you must inform your credit card company about your travel plans.
Before trying to answer the question, it is important to know what the terms mean.
The festive season has arrived and banks are back again luring its customers with discounts and cashbacks through their product offerings.
The first POS terminals emerged in 1979, when Visa introduced a bulky EDC (electronic data capturing) terminal for magnetic stripe cards.
Though the two unsecured portfolios have a smaller pie with about 30 percent in the share of retail loans, which is nearly 25 percent of the total loans in the industry, the pace of growth is substantial
There are often bizarre stories of outrageous fraud but if you are to dig down and look at it, most of these could have been avoided if the victims, at some point or other, had been careful and used common sense methods to safeguard themselves.
Though credit cards are rewarding, you can get the maximum out of your card only if you use it smartly.
Though there are other parameters besides repayment history which makes you eligible for a home loan, timely re-payment of funds is of great importance.
Making purchases through credit cards can help you manage your finances and if you pay up in time there is no extra cost involved.
Before you do this, examine the liabilities that may come from this arrangement.
The credit limit for the customers is up to Rs 4 lakh based on pre-checked bureau scores. As on June end, ICICI Bank's number of outstanding credit cards stood at 43.46 lakh, below HDFC Bank and State Bank of India.
The more we become 'social', the more we tend to show-off. It leads to more bad loans. It is time to shun bad loans and embrace good loans wherever required.
If you are unable to meet your monthly EMI payments, depending on the number of days that have passed without payment, you will be branded a defaulter by the lender.
UPI has a unique feature of creating a virtual address through which you can transfer money without disclosing your account number and IFS code (IFSC) to the receiver.
Following the transaction, SBI and Carlyle will own 74 percent and 26 percent, respectively in each of the two entities. According to reports, Carlyle was in talks to buy the 26 percent stake for Rs 2,000 crore.
The first casualty of loss of income would be the credit worthiness
As at the end of April, HDFC Bank has the largest number of credit cards in the industry at 87 lakh followed by SBI at 46.8 lakh and ICICI Bank at 42.8 lakh cards.
No matter where you are in the world today, you will find credit card fraud and theft on the rise.