Credit cards that tell you “buy now, pay later” are a great convenience when your cash is stretched for purchases. However wise use of credit cards is very important for your financial health. A typical free credit period in India is 45-51 days.
The market today offers a galore of options for credit cards. The flip side of too many options is too much confusion. After doing a comprehensive research on the lifestyle credit cards, I have shortlisted the top 7 lifestyle credit cards available in India. Remember, you don’t need to change to own a specific credit… Read More »
Subhash has been working in the IT industry for some time and has managed to earn well in the first few years. So, he decided to buy 2-3 credit cards at once. He knew credit card balance transfer was a great option that he could choose if he ran out of limit in any one… Read More »
Sachin had been working as a sales executive for a long time when he decided to get a credit card for himself. He loved partying but after a tiring month at work, he usually ran out of cash. This was one of the major reasons why he decided to opt for a credit card. Credit… Read More »
This is a card that works like plastic money, where you can make purchases with a quick swipe, just as you would with your credit card. You can use it at ATMs and recognised VISA enabled points of sale, is prepaid in nature and can be loaded with dollars, euros or pounds, but can be… Read More »
A recent press report said that credit card transactions in the month of August were 29.1% which is greater than the transactions in the same month last year of about Rs.8078.98 crores. The estimated Credit card transaction were aggregated to Rs. 6,259.42 crore in August 2010. The credit cards circulation has come down by 6.7%,… Read More »
A recent press release said that Development Credit Bank has launched Payless Credit Card which would benefit the banking customers were denied credit cards. These customers were not given credit cards because they did not belong to the secured salaried segment. Now DCB has brought in a solution by introducing Payless Credit Card, with which… Read More »
A recent press release said that Standard and Poor credit rating has cut Spain’s credit rating from AA to AA- informing the euro briefly about the challenges for the European Major Powers as the G20 countries meet to discuss about the euro zone debt crisis. Fitch credit rating has already downgraded Spain followed by Standard… Read More »
A recent press report said that the Government has decided to introduce the Enforcement of Security Interest and Recovery of Debts Laws (Amendment) Bill, 2001, during the Winter Session of Parliament. According to the new Bill, it will modify nine sections of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI)… Read More »
A recent press report said that the Government has announced an extension of 2 per cent interest subsidy on rupee export credit for a year effective from April 1, 2011. The Reserve Bank of India, in its recent announcement said that the banks should reduce the interest rate to be charged on the exporters to… Read More »