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When you want to build your credit profile, the best thing to start with is a credit card. You need no credit history to apply for it and can use it to develop a good credit score for yourself. So if you are one of those who recently started using a credit card, the first thing…
As per an article by Business Today, during the first ten months of demonetisation – November 2016 to August 2017, the volume of mobile banking, mobile wallet and card (both debt and credit) transactions soared. The volume of mobile wallet transactions went up from 537 million to 2,407 million, a whooping increase of 348%. […]
Since last November’s demonetization, credit card usage and outstanding balances have increased by as much as 39% according to a Business Today news report that cites data collected by the Reserve Bank of India (RBI). The RBI data quantifies India’s total credit card outstanding balance at Rs. 59,900 crores as of September 2017 as compared […]
Your credit card offers numerous dining benefits but you seldom dine out, you are more of a movie buff. On the other hand, your friend likes shopping a lot but her credit card offers airline privileges more than shopping benefits. This is true for most of us. We own a credit card that is not […]
If you are reading this article, then odds are good that you are in a deep credit card debt and looking for a way to get out of it. You are not alone in this quest. According to a recent RBI report, the credit card outstanding amount in India has reached an all-time high and […]
With the recent rise in credit card frauds it is but natural to wonder who is liable – you or the bank? Does the cardholder bear the brunt of the fraud or should the banks absorb the expenses? To end this suspense, the Reserve Bank of India (RBI) recently revised the draft guidelines on Customer […]
Premium credit cards offer a lot of travel benefits including travel insurance. This can be really useful for people who have to travel overseas quite often. Complimentary travel insurance offered with credit cards usually covers overseas medical expenses, air accident, passport loss coverage and more.
With the transition from cash to digital payments gaining traction, the next expense area being targeted is rent. RentPay, a London-based company RedGirraffe’s fintech platform, can now be used for paying rent through credit cards. Currently, individuals with credit cards from HDFC, SBI Cards, IndusInd Bank, Axis Bank, ICICI Bank and Kotak Mahindra Bank can […]
The NPCI (National Payment Corporation of India) has reported that an estimated 25 lakh shops across India have started accepting card payments through PoS terminals. Of these, an estimated 10 lakh PoS machines across India were installed after the 8th November 2016 announcement. As per the State Bank of India, the addition of these PoS […]