In the last few years, some credit cards have emerged in the cashback segment. These cards offer cashback ranging from 1% to 25% on various spending categories. Some of these are co-branded credit cards offering a higher cashback for spending on the partner’s platform and lower cashback on other categories. Some are generic cashback credit…
When Prerna applied for a credit card with a comparatively high limit of 5 lakh rupees, in the first year of her job as a junior fashion designer, her application was denied on the basis of a low credit score, owing to her lack of credit history. During her conversations with her peers and seniors,…
Undoubtedly, the digital era has increased accessibility to financial products. Now that there are investment apps and online banking, handling money is easier than before. However, this accessibility may also come with a set of drawbacks. Most importantly, there has been a notable rise in consumer debt as a result of how easy it is…
Being the victim of identity theft or losing your debit or credit card can be quite upsetting. You must take immediate action to protect yourself from future financial loss. Blocking your ATM card right away is essential as the first line of defence against illegal transactions. The following simple steps can help block your debit…
IDFC First Bank will lower the minimum amount due on its credit cards from 5 per cent to 2 per cent of the principal payable amount payable starting August 1. Previously, Axis Bank had done the same in November 2023. These changes in the minimum amount due may lead to higher interest costs for credit…
India’s biggest private sector bank, HDFC Bank, has brought in new terms and conditions for credit card holders. The new rules will take effect from August 1, 2024. Here are the updated terms and conditions for HDFC Bank‘s credit card holders: Charge on rental transactions using third-party payment apps 1 per cent fee on transaction…
Axis Bank was the top loser among Nifty 50 stocks on Thursday, declining by about 6%. Despite a satisfactory show on key parameters in the June quarter (Q1FY25), investors seem more concerned about the surge in the credit cost. There is no clarity on whether the increase in credit cost is a one-off or beginning…
Sometimes, there is a medical or other financial emergency wherein you pay the amount with your credit card. But what if you donāt have the money to pay the outstanding amount when the monthly bill is generated? Should you convert it into a personal loan with EMIs that are easy on the pocket? Let us…
The National Payments Corporation of Indiaās (NPCI) āPre-sanctioned Credit Line at Banks through UPI (Unified Payments Interface)ā would work more like a credit card without the plastic card actually in place. The credit line allows individuals and businesses to access pre-sanctioned credit lines or loans from banks that are linked to their UPI accounts. This…
