The FinTech Hub
Source: Live Mint If you are planning to go abroad and rely on a credit card for your day-to-day expenses – be mindful of the fact that each credit card levies a small fee for the transactions incurred in a foreign currency. This fee is also known as a forex conversion fee. This is a fee…
Source: Live Mint Credit card swipe charges, also termed as interchange fees. These are charges imposed on a user every time they use their credit cards for transactional purposes. These charges cover operational expenses such as fraud prevention, processing along with taking care of payment infrastructure. They are controlled and determined by card networks such…
Source: Live Mint If you tend to forget things easily, it must be common for you to skip the last date of paying a bill or an annual subscription. Sometimes it could be a gym membership or annual subscription of a club, on other occasions — it could be your mobile bill or a wi-fi…
Source: Live Mint In the last few months, many banks have announced changes to their credit card rewards program. Some banks have excluded some categories from earning reward points, while some have started charging a 1% processing fee on some categories. Some banks have gone one step ahead and announced the exclusion of reward points…
Source: Live Mint It is essential for every credit card user to understand various fees to ensure cost-effective use. Credit card swipe charges, also known as interchange fees, are one such fee, which is charged every time a transaction is made through a credit card. The card network determines this fee. It covers several costs,…
Source: Live Mint Credit cards are part of present-day life because they provide convenience and flexibility to manage funds. They still carry some fees, which can greatly affect your budget if they are not paid on time. Annual fees and fees for transactions made abroad will soon add up, decreasing the value of your points…
Source: Live Mint Using a credit card can be daunting for beginners, but understanding its functioning can help you use it efficiently and make timely bill payments. Let’s dive into how credit cards work, key terms, and the process behind transactions. What is a credit card? A credit card is a form of borrowing with…
