BUSINESS
Why are banks charging 1% fee on utility payments using credit cards?
Yes Bank and IDFC First Bank recently imposed additional charges if you pay utility bills using your credit cards. These payments used to earn a credit card user a tiny set of reward points. Not anymore. But there’s a reason.
BUSINESS
Why Do Credit Cards Refuse Reward Points On Utility, Insurance And Rent Payments
Many credit card holders have been found to use sharp tactics to earn faster rewards points. This has prompted banks to exclude categories such as utility bill, insurance and rent payments from their reward-earning lists.
BUSINESS
Credit card rewards: When the wrong Merchant Category Code can be costly for cardholders
Businesses are categorised by a unique number called the Merchant Category Code. This determines what rewards you get, or not. When a wrong MCC is configured in the banking system, it could land you in trouble, besides depriving you of your rewards.
BUSINESS
Free lounge visit, air miles is fine. But how do credit cards make money?
Credit cards usually come with attached advantages, like joining benefits, free complimentary lounge access, air miles, club memberships and so on. This involves cost. The question then is: Do credit cards make money? You would be surprised
TRENDS
Using credit card reward points for domestic travel: A guide
With the travel season on, it makes sense to use credit card reward points and airline loyalty programmes. The only limitation is lack of choice for travel within India
BUSINESS
Using credit card reward points for domestic travel: A guide
With the travel season on, it makes sense to use credit card reward points and airline loyalty programmes. The only limitation is lack of choice for travel within India.
BUSINESS
Credit cards have much to offer than just credit; here are tips to get the best out of them
Credit cards can help you build a credit score if you use them wisely and pay your bills on time. But it can also destroy your credit score if you overspend and don’t pay your bills on time.
BUSINESS
Credit cards don’t bleed your money, they breed it for you!
When choosing a credit card, it's important to consider the reward rate and certain other factors. It is not always true that a higher reward rate is better for you as some cards may not offer rewards for all categories of spending. So, look at your spending habits before choosing a credit card.
BUSINESS
Higher spending, missed payments? Your credit card may be cancelled
From a high credit card utilisation ratio to violating terms and conditions, like reward policies, there are several reasons credit card companies can cancel your credit card.
