Looking for your first credit card, but your card application keeps getting rejected due to inadequate credit history or some other reason? There is a simple and quick way to get around this problem if you have some money in your bank account. I am talking about a bank FD backed credit card. And in this… Continue Reading
On a recent visit to Reliance Smart Bazaar, a credit card executive aggressively pitched Reliance SBI Prime Card. He mentioned the card offered a 20% instant discount on purchases at the store. Well, this offer was obviously too good to be true. At grocery stores/supermarkets where the margins are wafer-thin, 20% discount was clearly not… Continue Reading
Co-branded cards have been the flavour of the season. Many brands have tied up with banks to launch co-branded credit cards and we have covered many such cards in our posts. Every few weeks, I come across a new one. Recently, I came across Titan SBI Credit Card which offers accelerated benefits for purchases across… Continue Reading
Co-branded credit cards are quite common. I recently came across one by ICICI Bank and MakeMyTrip — MakeMyTrip ICICI Bank Credit card. In this post, let’s find out more about this card and whether it makes sense for you to apply for this credit card. MakeMyTrip ICICI Bank Credit Card: CashBack Benefits and Limitations 6%… Continue Reading
You plan to take a personal loan. What is the flexibility you would want from your personal loan product? I will share a few thoughts on flexibility expected. Lower charges (beyond the loan interest rate). Processing fee etc. Zero or lower prepayment penalty. No prepayment penalty in a personal loan is asking for too much.… Continue Reading
When you sign up for a credit card, you sign up for all the benefits on that credit card. There is no option to customize the benefits based on your spending preferences. In fact, you tend to select cards based on your expenditure patterns. For instance, you apply for ICICI Amazon Pay credit card if… Continue Reading
Would you need a medical loan if you had a health insurance plan? If you think the answer is NO, think again. There are still two scenarios when you may need a medical loan. When your insurer (or the hospital) denies cashless treatment or rejects the claim outright OR When the hospital bill exceeds the… Continue Reading
I was trying to book a train ticket on the IRCTC website and found the ad for IRCTC HDFC Bank Credit card. In this post, let’s find out more about the card. Benefits, rewards, and caveats. In the past, I have written about IRCTC Bank of Baroda Rupay Credit card. Obviously, IRCTC is a monopoly… Continue Reading
Buying life insurance to cover your home loan is a good idea. For both borrowers and the banks. I recently came across a home loan product from Bank of Baroda, where the bank charges you a higher rate of interest if you don’t purchase a loan (credit) insurance product from the bank. This is a… Continue Reading
You are taking a home loan. You are worried, who will repay the loan if you were not around? The lenders (the banks and NBFCs) are bothered about this too. And this is a genuine problem for every stakeholder. You, your family, and the lender. How will the loan be repaid if the borrower passes… Continue Reading