Category: Credit Card

As banks try to outdo each other in terms of customer acquisition, it is only natural that average individualslike you and I receive numerous emails every week that talk about pre-approved credit cards. You may be wondering how to react when you receive these offers and whether you should simply ignore such mailers outright. Before […]

SBI card has launched a premium credit card: Elite. The card comes with a host of facilities, targeted at high net-worth individuals. The credit card has been launched on the MasterCard world platform and is powered by near-field communication (NFC) technology. According to SBI Card CEO Vijay Jasuja, Elite would enable customers to make contactless […]

Picture this: While vacationing in Europe with your family, you take the time to enjoy pasta at an outdoor restaurant in Venice. At the end of your amazing meal, you hand the waiter your credit card. After a few moments, he returns and tells you that the card has been declined. The next few minutes […]

Today it’s not just festivals that make us think of big-ticket purchases such as a flat-screen TV or refrigerator and other consumer durables. With high disposable incomes, buying consumer goods does not need a special occasion anymore. In addition, advancements intechnology and stiff competition among manufacturers have made consumer goods even more accessible tovarious sections of […]

We Indian have a unique fascination with cash and this is evidenced even in the advertisements of online shopping format — cash on delivery format. However, though cash is still the favoured format of carrying out transactions across the country, Indians(especially the new generation) are driving the shift towards the use of plastic currency i.e. […]

Manappuram Finance, a leading gold loan NBFC (non-banking financial company) headquartered in Kerala, has voiced intentions of introducing a co-branded credit card in order to provide gold loans to customers who do not have a bank account. The key benefit for Manappuram Finance through introduction of these co-branded credit cards is the expected expansion on […]

HDFC (Housing Development and Finance Corporation) Bank, one of the largest private sector banks in India, has voiced intentions to substantially expand its credit card customer base over the next year. With a view to increasing its share of the plastic money business, HDFC Bank plans to double the number of cards it issues every […]

Interest-free period refers to the time period between a purchase made on the credit card and its due date. This interest-free period is provided to you as long as you pay the full outstanding amount by the due date. If you fail to do so then you incur Finance Charges also known as Credit Card Interest Rate. You can get about 50 days of interest-free period on your credit card. More details on Interest-free period and expense management are given below.

Although credit cards are a boon in the modern world they are often exposed to frauds and scams of different types. Banks and credit card companies are working proactively to offer increased security to the patrons but hackers and scammers are architecting innovative ways to trick card holders. A sharp rise in credit card frauds […]

India is witnessing a growing incidence of credit card scams in online transactions. According to the 2015 ASSOCHAM-Mahindra SSG Report,about 13,300cyber crimes were reported in 2011, and this number shot up to 3,00,000by 2015. Of these reported cyber crimes, debit and credit card frauds topped the list, seeing a six-fold increase between 2011 and 2015. These […]