Category: Credit Card

Till a few years back, having money in your wallet simply meant that you were carrying around a stack of currency notes and coins. Fast forward to the present day and money in your pocket can mean something else entirely. This is due to the advent and acceptance of plastic money i.e. credit cards. In...

Your best friend is going through some financial troubles and has requested to borrow your credit card to purchase some essential items. What do you do? As a good friend, you would readily give your card to your friend. In another instance, suppose your brother wants to buy a pair of headphones but he cannot...

Indians are increasingly learning the art of travel. We have now been to exotic locations across the globe. As per a recent report, international travel has grown faster than domestic travel in India. Despite slower progress in economy and job market, Indians are not shying away from spending on international trips. This growth in the...

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…

The credit limit on your credit card is the maximum balance given to you by the issuer. By setting a credit limit, the bank controls your purchasing power with the card. At the same time, the set credit limit helps you maintain a good credit score. The credit utilization ratio, which is the ratio of...

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 […]