Ever wondered how Amazon Pay ICICI Bank Credit Card and Flipkart Axis Bank Credit Card can offer 5% cashback for purchase transactions on Amazon and Flipkart respectively? 5% is a lot of money. While I am not privy to internal arrangements between the banks and these retailers, 5% is still a hefty cashback. In this… Continue Reading
Starting October 1, 2023, you may be able to port your credit Card just like your mobile number. No, you won’t be able to port your ICICI Bank Credit Card to HDFC Bank or vice versa. But you can choose the card network for your credit card. What Are Card Networks? If you look at… 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
RBI has once again extended the deadline of tokenization of credit cards from June 30 to September 30, 2022. The central bank has extended the deadline multiple times now. Tokenization of cards helps make your credit and debit card transactions more secure. But what is the need? It is common for us to store your… Continue Reading