Apple has launched a credit card with new and laudable security features.
The RBI could explore introduction of tangible benefits such as income tax incentives based on the digital transactions consumers initiate, while merchants could get GST credits based on the volume of digital payments they accept
Savings bank accounts specifically targeted at women come with extra features. But check if you really need them as they come with additional cost.
You need to set up a credit limit for yourself while using a credit card say overall 30-40% of monthly income is sufficient (including EMI on loans).
Smart use of your credit card will help you build a good credit footprint as long as you are responsible and remember to repay the full amount on time.
The RBI has now made tokenisation feature formally available to all card networks. This feature is only available for purchases if you buy through your mobile phone or tablet.
It’s advisable to review your monthly credit card and bank statements for any unauthorised and sham transactions.
Those who exceed 40% of their credit limit frequently should request their card issuers to increase their credit limit based on eligibility.
The overall retail outstanding balances have grown 21 percent in the September quarter, compared to the year-ago period, fuelled majorly by those between 30-49, according to Cibil data released on Wednesday.
A low credit score is a symptom of habitual defaults and an indicator of financial indiscipline.
Lenders rely heavily on your credit report to make a lending decision.
Missed payments are reflected in the 'Days Past Due' and 'Amount Overdue' fields in the ‘Accounts’ section of your credit report.
Making timely repayments through a secured credit card, you can easily build a good credit score.
Go for travel credit card only if you incur sizeable traveling costs, says Sahil Arora of Paisabazaar
Moneycontrol’s Sakshi Batra in conversation with Gaurav Choudhury, Deputy Executive Editor, Moneycontrol finds out what could be the implications on companies that have missed the RBI deadline.
The purpose of setting a credit limit is to help maintain a good credit score.
Alternate credit scoring models have emerged as a solution to this since they are more inclusive as compared to the traditional models employed by banks.
A charge-off and a write-off are two completely different things. If your debt is charged off, it doesn’t mean that it is paid off.
Credit card debts attract high interest rates, which may be as much as 40% annually on your unpaid amount. This is supplemented by late fees, collection charges, or even legal fees.
Many credit cards offer you complimentary access to airport lounges, not just at domestic destinations but also international ones.
In this video, we demystify the popular myths surrounding plastic money.
A high credit utilisation ratio means that you are a high-risk borrower, and with your given income level, there is a decent probability of making late payments or defaulting
Defaulting on payments, applying for credit to multiple lenders within a short span of time, spending more than 50%-60% of your credit limit regularly, brings your credit score down.
Prudent use of credit cards can help you save money
Average ticket size of the air travel booking done through credit cards is around Rs 6,000 whereas it is only Rs 1,200 for the non-air travel bookings