Abhishek loves owning the latest gadgets and makes most of his purchases through his credit card. However, assumptions and myths surrounding credit cards made his life tough. Due to the wrong information he got about the use of credit cards, Abhishek ended up losing a lot of money as late payment fee or penalty. He,… Read More »
Credit cards due to their high interest rates and debt traps are feared by a many people. But if used smartly and with control, credit cards can act as a wonderful tool for not only financial emergencies but also for good gains. In this day and age of increasing competition, banks are offering more lucrative… Read More »
Enough can’t be said on the diligent care one must take when handling a credit card! Sometimes, you may feel that a particular card is not of much use to you, or you may realise that you are holding several credit cards and many of them are not getting used. So you may wish to… Read More »
Credit card is one of the most important financial inventions in modern times. However, this much-sought after boon can be a real bane to your finances if not used with care. Here are a few instances when you should restrict the use of credit cards in order to keep your finances in order. Using credit… Read More »
It is always easy to buy rather than pay and credit cards are based on the simple rule: buy now and pay later. When swayed away by a number of surrounding myths, we fail to understand the financial mechanics and end up paying more. We can use the credit cards wisely if these myths are… Read More »
Following the increasing incidence of card frauds, Reserve Bank of India (RBI), the banking regulator of India had come out with a regulation on Feb 28th 2013 directing banks to replace all magnetic strip based credit and debit cards used for international transactions with chip based credit and debit cards. RBI had said that cards… Read More »
EMI is a common household term today, as more and more people are availing different kinds of credits to meet their financial needs. The same is applicable to outstanding amounts in credit card dues which the customer may find difficult to pay in one go. Is the EMI facility on credit card payments a good… Read More »
Cobranded credit cards work on brand partnership, when two companies form an alliance to work together, creating marketing synergy. For e.g. : Citibank credit card and Shopper’s Stop have an alliance. They are credit cards, which are associated with particular airlines, travel or retail outlet. These cards can be used just like regular credit cards… Read More »
Have you ever run into a situation where you find your current outstanding dues on your credit card suddenly overwhelming? Do you wish you had better benefits on your card? There is a way out which will give you more time to pay off the dues and also get rid of your current credit card.… Read More »
Currently there is an increasing awareness about the importance of a credit score and the impact it has on any loan who wish to opt for in future! If you are one of those individuals who plan to take a home loan a few years down the line and do not have a credit score… Read More »