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 […]
Electronic money, such as a credit card is a great facility today. From planning a lavish vacation to extravagant online shopping, credit cards serve a great purpose. By efficiently using credit cards, you can not only save money but also benefit from the reward points and cashback offers available! But for that, you will have […]
The other day Mr. Sharma, the general manager in a private company, reached for his wallet and realised that he had lost it. His wallet contained credit cards from three different banks and two debit cards. A methodical approach after this would have been to call up each bank and report about the missing cards. […]
Out of the various offers available on a credit card,, one of the most interesting is the equated monthly installment (EMI) option for big ticket expenses you are unable to pay off immediately. The following are some key factors you need to consider before opting for an EMI conversion on your credit card debt. WHAT […]
All of us want to get rich but while some of us fall behind on our financial savings goals due to poor planning, some others fail to capitalize on the easy wins. The real art is to generate savings even if your income level remains almost constant. In the following sections, we will discuss some […]
Dhruv checks into a hotel and is asked to provide his credit card details at the front desk. Once at his room, he gets a call from a fraudster on the room’s land line. The person on call says that he is from the hotel’s front desk, and informs Dhruv that there are some issues […]
Your online transactions using a credit card might become cheaper very soon, once steps approved by the Cabinet are implemented. Currently, vendors and payment gateways pay a convenience charge, a user charge and a service charge to the government, which are in turn charged to the customer. The total amount payable to the government in […]
Why can’t they be valid forever? 1st January 2016 –It is the beginning of the New Year and you decide to take your family out for dinner at one of the most exclusive restaurants in your city. On completion of the sumptuous dinner, you take out your much valued ‘exclusive club’ credit card for payment.. […]
Credits cards often prove to be a blessing in the modern day world. Along with the convenience they offer and the ease with which you can use them, credit cards also provide a host of benefits to you. However, like other debt instruments, here too you need to exercise some caution to ensure that you […]
