Tag: credit card

How to make the best of Buy Now, Pay Later

The latest kid on the block is the ‘buy now, pay later’ (BNPL) option. It means that you get to make a purchase right now,...

Paying with a credit card? That’s going to cost you

More small businesses—and even some larger ones—are charging shoppers a fee for credit-card purchases or offering them discounts when they pay with debit cards, cash...

Different types of payment cards you must know about

NEW DELHI: In India, there are broadly four types of cards through which you can make payments — debit cards, credit cards, prepaid cards, and...

ATM cash withdrawal, debit card, credit card charges to increase soon

The Reserve Bank of India (RBI) has recently raised the interchange fee that banks can charge on ATM transactions. The interchange fee for financial transactions...

Digital Indians are enamoured with Buy Now Pay Later credit

After two decades of innovation in financial services in India, one statistic stands out in its lack of scale—the number of unique credit card holders....

Factors to keep in mind before availing EMI conversion facility on credit card

NEW DELHI: Credit card users often find themselves unable to repay their bills before the due date. In such cases, credit card issuers sometimes allow...

New income tax e-filing portal to issue quick refunds. Check features

The new ITR e-filing portal is set to go live from 7 June. The existing portal will remain non-operational till 6 June to prepare for...

What happens to loans when a borrower dies?

Many families who lost breadwinners are unsure what happens to the deceased’s loans or credit card outstanding. Engaging with collection agents would be the last...

Despite lockdown, travel credit card demand grows stronger

Despite lockdown and restrictions on travel in the financial year 2020-21 or FY21, a higher number of consumers still opted for travel credit cards. Of...

The pros and cons of using a credit card to invest in NPS

The National Pension System (NPS) is a retirement planning vehicle. While investing in NPS, you can claim a tax-saving deduction benefit under Section 80C of...

Avoid credit card for paying tax if you have a choice

The Central Board of Direct Taxes (CBDT) will launch a new e-filing portal on 7 June. The new website has many features that make it...

Not able to pay credit card bill on time? Here’s what you should do

MUMBAI: Failing to repay the entire credit card bill by the due date will incur finance charges on the unpaid bill. The charges usually range...

Is credit card better than salary overdraft?

Lenders generally target young salaried borrowers who could be facing a cash crunch towards the end of a month. But several banks offer a similar...

Restructuring personal loans, credit card dues will be tough

The second covid wave is likely to impact livelihoods like the first one. Many states have declared lockdowns and more could do the same as...

7 features to know about secured credit cards

Banks offer secured credit cards against fixed deposits as collateral. These cards are usually aimed at those who cannot avail regular credit cards due to...

Magicbricks partners Razorpay, HDFC Bank to help users pay rent via credit card

Property portal Magicbricks has tied up with Razorpay and HDFC Bank to allow users of its platform pay rent online through credit cards. A person...

Line of credit and how it works?

A line of credit (LOC) is a pool of money that you can borrow from a lender as and when you need. A credit line...

Should you accept offer to raise credit limit?

Take a look at some of the advantages and disadvantages in increasing credit limit. Also Read | India’s tricky options in the Myanmar muddle Advantages...

ICICI Bank Q2 takeaways: Record profit, prudent provisioning & more

NEW DELHI: A record net profit, an improvement in asset quality, a fall in sequential provisioning, recovery in disbursements to pre-Covid levels, soft NIM and...

How issuers are using tech to improve customers’ credit card experience

As courier services were disrupted during the lockdown, private lender RBL Bank was unable to deliver credit cards to customers who got an approval. The...

What happens to your travel credit card rewards now that you can’t travel

Sahana Bose, 31, travels quite a bit for work. Before the pandemic hit, Bose was saving up points on her travel card to use for...

It’s better to opt out if your credit card issuer offers moratorium by default

Many credit cardholders were surprised to see text messages from their card issuers, saying that they have been auto-enrolled into the moratorium program until 31...

Six credit score myths that you shouldn’t fall for

A credit score is a three-digit number that reflects the creditworthiness of a consumer. “Lenders use the score of an individual to understand the probability...

RBI extends moratorium on credit card dues to 31 August: Five things to know

New Delhi: In a major relief to borrowers, the Reserve Bank of India (RBI) on Friday extended the moratorium period for the repayment of loans...

Loans against assets may not always work for you

But there may be situations when liquidating these assets may make more sense than taking a loan against them or taking any other loan for...