Credit card reward points can be used for various redemption options. Some of these include paying for purchase transactions, availing of statement credit, purchase of gift vouchers, etc. While these are good redemption options, the value per point derived is usually around Rs. 0.25, which is not that great. However, did you know some banks…
Are you contemplating applying for a new credit card at a bank? It is definitely a smart thing to do but you should apprise yourself of its pros and cons, and importantly of its key characteristics. Here, we give a lowdown on the usage of a credit card, and its key features that will perhaps…
From time to time, you may get a message or email from your bank mentioning that you are eligible for an increase in the credit limit on your credit card. Some people who need a higher limit may accept the offer. Some people may ignore the message, thinking they are already using the credit card…
Unified Payments Interface (UPI), which has emerged as the world’s most popular alternative payments method (APM), processed transactions to the tune of â‚ą80.8 lakh crore ($964 billion) in April-July 2024, a sharp 37% year-on-year (y-o-y) surge compared to the same timeframe the previous year. Transaction metrics and global comparison UPI processed a staggering 3729.1 transactions…
(PTI)- The total transaction volume on UPI is expected to increase to 439 billion by 2028-29 from about 131 billion in the last financial year and account for 91 per cent of overall retail digital payments, said a PwC India Report. The report titled ‘The Indian Payments Handbook — 2024-29’ also said India’s digital payments…
September is approaching, and with it comes a wave of financial deadlines that could significantly impact your wallet. From changes in credit card terms to updates in Aadhaar and bank fixed deposit schemes, it’s crucial to stay informed and take action before these deadlines pass. Aadhaar Free Update Deadline The Unique Identification Authority of India…
The HDFC BizBlack Metal Edition Credit Card is a prestigious card that offers plenty of benefits tailored for business professionals and high-net-worth individuals. This credit card comes with 5X rewards on tax payments is an industry-first benefit and is a good beginning for the growth of business credit cards in India, a segment that’s under-served…
When it comes to fulfilling short-term financial goals, people usually have the option to either plan for it by accumulating money or fund it with a credit card/ personal loan. The second option will give you instant gratification, and the first option may take some time and hence may give delayed gratification. In this article,…
One could compare the rise of credit cards to a double-edged sword, one that presents challenges, especially for today’s young adults who depend heavily on credit. The notable trend of credit card usage expanding quickly can be attributed to several factors, including changes in lifestyle, digital payments, financial inclusion, and the attraction of reward programs….
Hailing from a lower-middle-class family in a tier-3 town, Sachin completed his Master of Computer Applications course and began working at an MNC in Pune. Through countless hours of hard work and dedication, he made it to a senior-level position and found himself posted in the US, along with his wife and two young children….
