My current credit card expired recently and I was issued a fresh card by the bank. An interesting thing about the new card was the it permitted contactless transactions. Call me paranoid but I was not very comfortable with the contactless feature. I asked the bank to switch off the feature but the bank declined.… Continue Reading
Online frauds are on the rise. Almost on a weekly basis, I hear new ways of customers being duped of their hard-earned money. Of late, the UPI frauds have been on the rise, where the fraudsters call/text you on one pretext or the other. You eventually end up installing malicious software on your phone or… Continue Reading
Recently, I got a promotional email from a bank to convert credit card outstanding to EMIs. The EMI amount will be added to the credit card statement every month. I have discussed such deal structures in much greater detail in an earlier post. However, there have been a few interesting developments in the payments space that such… Continue Reading
Recently, I watched an ad from Flipkart about Debit Card EMI. This sounded a bit strange to me. Typically, you would associate EMI with a credit card or a loan. Getting a credit card is not always easy. Your credit card application can get rejected for various reasons. A bad credit score is a common… Continue Reading
Many of us use credit cards. Are you aware that you can use your credit card to make cash withdrawal from ATMs too? However, even though cash withdrawal from ATM is permitted, it does not mean you have to withdraw cash using your credit card. Cash withdrawal using your credit card may not be a… Continue Reading
You take utmost care while using your credit card. You have never shared payment details with anyone. Despite exercising a lot of care, it may well happen that you may be at receiving end of a credit card fraud. What do you do in such a case? More importantly, what is your liability? Do you have… Continue Reading
Credit cards and debit cards provide a lot of convenience. You no longer have to carry currency notes to make any purchase. With so many online shopping portals around, you may not even have to leave confines of your home to make a purchase. However, credit and debit cards come with a lot of responsibility… Continue Reading
When an Indian national is going abroad for whatever purpose – job-related, business or simply to explore the world – he/she has a number of choices as to how it is proposed to carry foreign exchange for expenses abroad. It can be in the form of foreign currency notes, foreign currency travellers cheques, foreign demand… Continue Reading