Do you use credit cards for cashbacks, discounts, and rewards points? Many of us do. What if the bank were to suddenly reduce such benefits on your credit card? Why Would Your Bank Reduce the Benefits? Yes, the customer may get annoyed and feel cheated. You may use the card less or even stop using… Continue Reading
You do not pay any interest during the interest-free period on the credit card. But the bank cannot afford to lend you money for free. The bank must be compensated — two major ways and a few minor ways. High Interest on Unpaid Amount First, when you do not pay your bill on time, the… Continue Reading
Ever tried to book railway tickets using a credit card? You would have quickly realized that you need to cough up 2% extra (1.8% + GST) to book your train ticket using a credit card. That’s a lot. For booking train tickets on IRCTC website, UPI and net banking are the cheapest modes. If you… Continue Reading
That’s a question many of us grapple with. Do we own too many credit cards? Should we cancel some of the cards? If yes, which cards to cancel? What about the discounts or cashbacks you might miss out on? Or should we just keep the cards even if we don’t use them? What are potential… Continue Reading
A few weeks back, I had written about Amazon Pay ICICI Bank credit card. Simple and easy benefits. You get 1-5% cashback on each spend and the rewards system is so simple. The cashback/reward for the previous month is credited to your Amazon account on the statement date. What about Flipkart? Does Flipkart offer something… Continue Reading
Your bank calls you and offers to increase your credit card limit or upgrade you to a premium card. I am sure many of you have experienced this situation. A happy situation to be in. Usually, it is good to have a choice. Should you accept such an offer? Well, there is no black and… Continue Reading
Credit card have a closer cousin, Charge Cards. Charge cards are not very common. As I understand, only American Express offers charge cards in India. To add to the confusion, American Express offers credit cards too. With respect to the usage, there is little to differentiate between a credit card and a charge card. You… Continue Reading
So, you want to close your credit card. The reasons for closing a credit card may be many. You already hold other cards that provide you sufficient credit limit and you do not need another card. Or you are paying an annual fee for the card that you don’t need. Or you are fed up… Continue Reading
Bajaj Finserv EMI Card is a unique product where your purchase amount is automatically converted into EMIs. You can think of the product structure as a pre-approved loan. You can swipe or use the card (where the card is accepted) and the purchase amount will automatically be converted into EMIs. The attractive part is that… Continue Reading
There are typically three types of benefits that you get when you transact using a credit card. Upfront discount Cashbacks Reward points & miscellaneous benefits (fuel surcharge waiver, airline miles etc.) The benefits for spending on a credit card might take on many other forms too. However, I believe it will fall into one of… Continue Reading