This festive season, get the maximum benefit out of your credit card purchases
This benefit will be extended for loans below 2 crore that can be availed across eight categories. The ex-gratia relief will be credited to the account of all eligible borrowers without any requirement to apply.
You must ensure that you make loan repayments regularly, as the moratorium period has ended
This festive season, banks are partnering with Flipkart, Amazon and offline retail stores with lucrative schemes on cards for customers. But are these really no-cost schemes?
You must always factor in your repayment capacity within the next due date before making credit card spends
Google Pay allows you to make payments through secure digital tokens
Stay alert to breach of financial data and when you redeem cashback offers while shopping from partnering merchants
Their suitability largely depends on the consumer’s spend habits, lifestyle and brand loyalty, if any
The plan involves converting the existing credit card dues into a term loan
Paying just the minimum or anything less than the full outstanding amount costs a lot
The 'millennia' is driving a bulk of new card acquisitions and accounts for a big part of the customer portfolio now, Chatterjee said adding that the proportion of cards sourced digitally in the new line is three times that for others.
Each bank specifies its own minimum amount for providing credit cards against fixed deposits
A look at how consumer credit developed through the centuries.
Before you realise, you end up paying heavy interest
CRED conducted the survey online with over a million members across Delhi, Mumbai and Bengaluru in the first week of May.
RBL Bank, which derives 18 per cent of its loan portfolio from credit cards, is expecting new plastic issuances to halve and a fall in spends as well in FY21
If you lose your debit card, or your card is stolen, you can easily fix the problem in a couple of steps.
If you find yourself in financial difficulty, meet your house owner and explain your situation. Ask for a grace period of two to three months
If you are hard up on cash and unable to pay rent in these COVID-19 times, the first option ideally should be to negotiate with your landlord, the second to seek help from family members and third even go in for a personal loan
Customers need to be vigilant against fraudsters who are on the look-out to exploit the current situation and play on the anxiety of people
Use the flexibility only if you have no funds to pay your dues
Know how to make the most out of RBI’s relief package for borrowers
Spending power in the hands of a child may appear risky. But if done with proper safeguards, there are life-long learnings for the youngster
Global card network provider Visa aims to phase out the two-factor authentication (2FA) process on routine card transactions during digital checkouts and replace the scrutiny layer with a risk-based prompt.
These are good steps towards curbing card frauds and unauthorised transactions