A credit card is a useful tool, when managed judiciously but a lurking danger if you mismanage it. Currently, threatened by the global financial crisis banks are changing credit limits, doing away with interest free periods and charging higher interest rates on the credit borrowed. One of the first things you need to keep in [...]
SBI Cards is strengthening its presence in the high income – high spending customer segment. SBI Cards today announced the launch of a new offering – SBI Platinum Card, in New Delhi, a card that will create a new benchmark in Platinum cards offerings in the Indian market. With this new offering, SBI Cards is [...]
Credit card gives you the ease to shop anywhere and everywhere with minimal hassle. It helps you buy big and lets you pay later, with a one-month grace period. But not understanding the terms and conditions in a credit card – like the interest and other charges levied by card companies – could leave you [...]
Today credit cards have found widespread usage due to the convenience they offer. Unlike the old days, you do not have to carry large sums of money when you go shopping. All you need to do is take your credit card with you when you go out shopping, select whatever you want to buy, hand [...]
What is credit limit ? All credit cards have a prefixed spending and cash withdrawal limit. If you are a ‘good’ user of the card (read pay your bills on time for a certain period, take a loan, use your card often etc), your banker may increase the limit for the credit card Interesting conversation [...]
WHEN dealing with money transactions, a sudden change can catch you unaware. Take for instance your credit card. You may suddenly find that the due date on your credit card has changed without any intimation and you are late in making your payment. Take the following case. Rita’s credit card statement is generated on the [...]
THESE are times with many choices. Here’s just one other choice that many of you might be pondering over — should you shift to a personal loan to pay off your credit card dues? Raghu has the same question. Let’s understand Raghu’s situation in life. He has Rs 60,000 as outstanding on his credit card, [...]
AMIT wants to buy a home theatre system of Rs 20,000 on his credit card. But there is a slight problem. If he makes the purchase on his card, he is not sure if he will have enough money to make the payment by the due date of the bill, and it will automatically fall [...]
HOW many times have you got a credit card bill with charges that you think are unfair and not called for? And what happens when you refuse to pay up? You get bills every month with the amount increasing with every bill. So the longer you take to pay up, the more you have to [...]
Whenever you use your card, always ensure that the transaction is completed in front of you and that no details are written down by the merchant. Do not provide photocopies of both sides of the credit card to anyone. The card verification value (CVV) which is required for online transactions is printed on the reverse [...]
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