Rajiv Raj tells you why a store credit card is not a good idea, even though you are tempted with extra 'savings' of 10 per cent on your purchase or a 5 per cent cash back or a 'sign on bonus'.
If you are the owner of multiple credit cards, here are some dos and don'ts you need to know about credit card management.
Some of the most common grounds on which card issuers reject credit card applications in India, along with tips on how to overcome these hurdles.
Our readers write in with suggestions and tips on how to make your credit card work for you.
Credit cards have made our lives easier in more ways than one. But they also leave us susceptible to frauds. Here's how to protect yourself.
Are you actually managing your finances, or do you swing from month to month on pure chance and luck? Now is the time to take control.
Rediff.com writer Manoj Puranik alerts readers on the dos and don'ts of using credit cards to your advantage.
The government on Wednesday said that bad debts in credit cards increased to Rs 5,094 crore (Rs 50.94 billion) last fiscal from Rs 2,852 crore (Rs 28.52 billion) in the previous year.
A credit card is part of a system of payments named after the small plastic card issued to users of the system. It is a card entitling its holder to buy goods and services based on the holders promise to pay for these goods and services.
Many of us have the tendency to just pay the amount due, without caring to give the bill a proper reading.
In an online chat with Get Ahead readers on April 20 Kunnath Santosh of Perfios gave tips to readers on how they can become smart credit card users.
We asked Get Ahead readers to send in their opinions on the credit card vs debit card debate. Here are a few interesting and harropwing responses from readers about their credit card experiences.
IndusInd Bank, along with Axis Bank, Dhanlaxmi Bank and Karnataka Bank, have evinced interest in acquisition of the credit card business of Deutsche Bank.
Credit card companies come up with tempting card offers for investors albeit now more cautiously after the financial markets turmoil, by offering freebies such as life time free credit among other things.
One major piece of legislation US President Barack Obama signed last year was the Credit Card Accountability, Responsibility and Disclosure Act, which made fundamental changes to credit card agreements. Some provisions were adopted last summer, but the bulk of them took effect February 22.
Used intelligently, a credit card will get a smart buyer more value than what he pays for. Here's how you can push that plastic further
Having cleaned up their credit card portfolios and sensing a change in the economic environment, issuers such as SBI Cards, Standard Chartered and HSBC are seeing an increase in their credit card base at a marginal pace.
Used intelligently, a credit card will get a smart buyer more value than what he pays for. Here's how you can push that plastic further
Trinamool Congress leader Abhishek Banerjee has accused the BJP government of conspiring against Indian citizens by deleting names from electoral rolls and diverting attention from core issues.
Bankers are confident that unlike the last time, there would not be significant erosion in asset quality, since their expansion strategies are backed by rich information on borrowers' credit histories.
A 34-year-old man from Uttar Pradesh was arrested in Kerala for allegedly using duplicate keys to steal ATM cards from two-wheelers and withdraw money from bank accounts.
There is no such thing as 'free' credit cards. Most of the charges associated with your card are not even told upfront to you. Knowing about these various fees and charges will put you in good stead and help you use your card prudently.
Credit card complaints were followed by those related to banks' failure to keep their commitments, while complaints related to deposit accounts, remittances and loans and advances accounted for other problems of the customers.
Being vigilant while using your credit card is the only way of preventing fraud. Here are some tips.
Reward points should not be considered as a primary factor when choosing a card. Always remember these points should be considered as an auxiliary benefit you derive due to using your card or staying loyal; they should never become an inducement to spend more.
Can you imagine your life without a credit card? Whether it's to make payments online, shop till you drop, or for use as a lifeline in an emergency, the arrival of the credit card has been fortuitous both for the consumer, as well as the credit card company.
Research well all the ifs and buts carefully before accepting such policies.
Points to watch out for when you swipe a credit card to earn reward points.
Credit cards come with insurance covers that help in circumstances like accidental death or loss of goods, says Amar Pandit.
Do you think the merchant outlets charging transaction fees on your credit card is a fair practice? Have you ever put your foot down and refused to pay the 2-2.5 per cent transaction fees and yet managed to buy the goods that you wanted? What are your opinions and experiences in this regard? We would like to hear from you.
The bank has about six million credit card customers.
Contactless card transactions can be up to three times faster than cash payments
Contactless card transactions can be up to three times faster than cash payments
Your credit card could end up being a debt trap if you don't understand how to use it.
A primer on how to choose correctly between swiping your card and applying for a loan...
In an online chat with readers on October 14, Anil Rego answered their credit card queries.
Not paying your credit card bill, or not paying it on time, can reduce your credit rating when you apply for a loan.
Balance transfer gives you an opportunity to reduce the card burden. However, use this method judiciously.
Authorised push payment frauds have emerged as a growing challenge globally as scammers increasingly rely on social engineering techniques to persuade users to transfer money voluntarily, making recovery more difficult even when transactions are authenticated.
Credit cards are like Swiss knives: extremely indispensable in an emergency but they need to be handled with care lest they cause serious injuries.
