When using roadside assistance, it's crucial to understand that this service is not meant to replace comprehensive auto insurance coverage. Roadside assistance typically covers immediate breakdowns and emergencies, but it does not provide coverage for accidents, repairs or general maintenance
In value terms, payment transactions carried out through credit cards increased by 47.3 percent.
Credit cards are just a mode of payment not a permanent source of funds. They cannot and should not be a replacement for having a separate emergency fund. Or for living within your means, for that matter.
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The recent rule of 20% Tax Collected at Source has brought some relief as credit card spends on foreign spends are exempt from the tax up to a spend of Rs 7 lakh. But banks charge a foreign exchange markup fee when you spend abroad. These are the top Mastercard credit cards.
The government partially rolled back the 20% tax collected at source (TCS) rule for international spends on credit cards. Now, only those who spend more than Rs 7 lakh will come under the Liberalised Remittance Scheme and be subject to TCS.
International credit card spends are under LRS from May 16 and the 20 percent TCS will kick in from July 1, 2023. Until June 30, TCS at the rate of 5 percent will apply.
International transactions via credit cards have been brought under the RBI’s Liberalized Remittance Scheme or LRS from May 16, 2023. From July 1, 2023, there will be 20 percent TCS on them with no minimum threshold.
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
This move aims to expand access to credit and foster financial inclusion by bringing ‘new to credit’ users into the formal economy.
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.
In March, the National Payments Corporation of India (NPCI) recorded a significant surge in Peer-to-Merchant (P2M) transactions made through the UPI platform
A daily round-up of the most interesting articles to help jump-start the day.
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.
Credit cards with low forex markup fees come with travel benefits like complimentary lounge access, hotel memberships and additional benefits.
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.
Planning for an international tour during summer vacations? Here's a list of top five credit cards that offer travel related benefits on flight bookings, hotel stays and memberships.
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.
On the occasion of Women’s day, Paisabazaar has compiled some of the best credit cards that will help women credit card users maximise the savings on their day-to-day spends.
Many first-time credit-card users are unaware of the optimum way of utilising their credit card points.
Axis Bank's position in the cards business improved from 11.4 percent to 16.2 percent after this acquisition. It gets ready access to highly affluent wealth customers of Citi for Burgundy Private Banking.
How to avoid rejections on your credit card applications: try BNPL cards instead. Below is a guide to the most popular BNPL cards
Credit cards with travel related benefits are popular among those flying frequently on international vacations or business trips
While most people are aware of the negative aspects of credit-card spending, many don't pay as close attention to its potential benefits. Read to know how you can maximise the incentives.