India is mainly an agricultural country. More than 60 percent of our population depends on agriculture for their livelihood. Despite this, the Indian farmer is almost always in debt. Lack of agricultural credit or the access to it forces the farmers to resort to unorganized sector, such as moneylenders, for loans. Though the moneylenders may…
Everyone is talking about credit score nowadays. Some are still trying to understand the concept of credit score and others, who have it all figured out, are working on improving their own scores. There are a lot of factors that affect your credit score, credit cards being the most common. Some people get credit cards…
Credit cards have made payments easier, not only for individuals but also for small businesses and corporates. Almost all major credit card issuers are offering business credit cards. If you are a business owner, a credit card designed specifically for business expenses would be better than using a personal card that has benefits aligned to…
Do you remember your dad’s good old travel advice to divide cash in multiple wads and keep them in different bags? This was quite a clever hack to save you from a cash-crunch if you lost your wallet. But those days of relying solely on cash are long gone. Plastic money, especially credit card, has…
With the year-end just round the corner, you may be planning on how to spend New Year’s Eve and start afresh with everything next year. While it may be quite tempting to push off financial planning to the next year, there are a number of important things that need prior attention. Credit card debt is…
The Indian credit card market is dominated by a few major players along with numerous other banks that are trying hard to reach more customers. With such high competition, credit card issuers keep looking for ways to outdo each other especially in terms of customer acquisition. Offering pre-approval on credit cards is one such way…
Credit card marks the beginning of your credit journey. Most young adults would like to be a part of the professional and mature crowd. So, when a bank reaches out to them to offer a credit card for the first time, it can be quite an exciting feeling for them. However, it is important to…
When you use your credit card for shopping at a store, you just have to swipe the card and the transaction is complete within seconds. But have you ever wondered what goes on behind the scenes for processing this transaction? Swiping the credit card in a Point of Sale (POS) machine is only the first…
When you make a payment online using your credit card, the website asks you to enter card number, credit card expiration date and CVV. Card number helps in identifying your credit card account with the bank and CVV is an additional identifier which also protects you against fraud. But what is the purpose of expiration…
When it comes to money, we Indians are cautious by nature. Among millions of credit card users in the country, there are also millions who are of opinion that credit cards are evil. For someone who has been using credit cards for many years and enjoyed several benefits on them, it is quite difficult to…