BUSINESS
Festive offers from Amazon and Flipkart: How to make the most of shopping credit cards
Learning to choose the right shopping credit card is a skill in itself. Weighing the fees and charges against the rewards and benefits you expect from the cards needs some thought. Experts tell you what to look for and prioritise
BUSINESS
Borrowing from a digital lending app? Spot the red flags first
Do your own due diligence before choosing one. The RBI guidelines for such apps ensure enhanced transparency between lenders and borrowers and discourage unfair lending practices.
BUSINESS
Six changes in the financial landscape you need to keep an eye on this August
August may be the last month to lock in your investments in special FD schemes offering high interest rates. You'd also need to verify your income tax returns, spend smartly as the festival season kicks off, and track the RBI’s monetary policy announcement for any repo rate hike this August.
BUSINESS
Banks are increasing MCLR rates: Should you switch to repo-linked home loans and save on EMIs?
If your home loan is linked to MCLR, switching to a repo-linked home loan rate can reduce your interest costs. However, do the math first and calculate the savings instead of relying on vague estimates.
BUSINESS
Why Axis Bank stopped redemption of reward points, selectively?
Banks and credit card companies frown when users earn faster reward points through dubious means such as swiping personal cards for business purposes. Axis Bank did the same. Here’s what happened
BUSINESS
How to avoid crucial mistakes when writing a Will
Some of the common mistakes while writing the Will include writing it in vague language which is difficult for beneficiaries to understand, not signing the Will in the presence of witnesses, appointing a beneficiary as a witness and not registering the Will to make it authentic.
BUSINESS
Small loans have seen big growth, TransUnion CIBIL report reveals
Home loans in the affordable housing segment, below Rs 25 lakh, have slumped. In the quarter ended June 2023, credit card payment defaults increased. The approval rate for loans to new-to-credit consumers, whom lenders typically approach with caution, was lower.
BUSINESS
Club Vistara's 3rd co-branded card IDFC FIRST Credit Card is here: A Moneycontrol review
The IDFC First Vistara Card gets you more benefits than the airline’s other two co-branded cards, but you also need to hit higher spending milestones and pay higher joining/annual fees
BUSINESS
Axis Bank reduces benefits on Flipkart Axis Bank Credit Card
The revised features of Flipkart Axis Bank Credit Card nudges the cardholder to spend more to earn the annual fee waiver. It has also removed a host of spends that were earlier for a cashback, thereby making the card less attractive than before
BUSINESS
Made multiple wills? Don’t make the mistake that Aretha Franklin did
Months after the soul singer passed away in 2018, two wills were found in her house with different instructions on how her assets and money should be given away to her children. As a result, her children are now in court. This has lessons for us.
BUSINESS
Millennials comprise largest segment of active users on P2P platforms
Analysis by peer-to-peer lending platform LenDenClub shows that 59 percent of lenders and a whopping 87 percent of borrowers are under 40 years of age.
BUSINESS
Banks that offer up to 8% interest on savings accounts
Smaller private banks and small finance banks are offering higher interest rates compared to leading private banks
BUSINESS
Visa says co-branding offers opportunities for new categories to emerge
Before the pandemic, 60 percent of credit card spending was face-to-face, while 40 percent was through e-commerce. However, data from Visa now indicates this pattern has almost reversed.
BUSINESS
MC Explains: How to withdraw cash from any ATM using your mobile phone
For long, banks have allowed you to withdraw money from other banks’ ATMs using your debit card. Now, you can do so with just your mobile phone, using the interoperable cardless cash withdrawal facility. Here’s what it means.
BUSINESS
HDFC-HDFC Bank Merger: All you need to know about its impact on home loan customers
Post the merger of HDFC and HDFC bank, borrowers may have several queries regarding their existing or sanctioned home loans. Here are the answers to some of their key concerns.
BUSINESS
HDFC-HDFC Bank merger | All you need to know about the impact on depositors
Post-merger of HDFC-HDFC Bank, depositors would have several queries relating to terms and interest rates of existing deposits with HDFC, renewal of FDs, terms for premature withdrawal, submitting Form 15 G/H, TDS certificates, and more. Here are answers to some possible queries from depositors.
BUSINESS
Now, get Mahila Samman Savings Certificate at your bank
In order to encourage women to save, the Budget 2023 announced a new small savings scheme exclusively for women (and girl children), called MSSC. The scheme’s tenure is two years and was available only in post offices, up until now.
BUSINESS
Four changes in the financial landscape you need to consider this July
From applying for higher pension on your salary to filing income tax returns for FY23 to facing consequences for not linking your PAN with your Aadhaar. Here’s what to watch out for
BUSINESS
Your credit score report: How to ensure accuracy and maintain a healthy credit profile
Errors in your credit report can dent your chances of getting a loan or even a credit card. If you spot errors, make sure you get them rectified at the earliest.
BUSINESS
Making UPI payments via RuPay credit cards: Is it worth it?
RuPay credit cards issued by banks which can be linked to the UPI facility offer benefits across categories, including travel, shopping and fuel. But such convenience comes with the risk of overspending, which can lead to high credit card dues.
BUSINESS
85% of health insurance reimbursement claims are for less than Rs 1 lakh: SecureNow study
Reimbursement requires you to pay first and get the amount reimbursed later by the insurer. For hospitals that are not part of the insurer’s cashless network, reimbursement is the only mode for claim settlement.
BUSINESS
The right way to get the first credit card and build a credit history
You can apply for a credit card from a bank you have your salary account with or opt for a secured credit card. Top tips: purchase consumer electronics on monthly instalments and, most importantly, repay before the due date to build a good credit history.
BUSINESS
Personal Finance: How online shopping got easier even if you forgot your credit or debit card details
CVV-free payments allow customers to experience faster, smoother, and more convenient checkouts for tokenised cards on networks such as Visa, Mastercard, RuPay and Amex
TRENDS
Moneycontrol review: Should Indian students travelling abroad avail of MakeMyTrip’s bundled offering?
MakeMyTrip has partnered with airlines for extra baggage and competitive student fares, apart from banks to provide discounts while booking tickets through credit cards, and also tied up with travel accessory brands for a cheaper deal.
