The FinTech Hub
Source: Live Mint Credit cards have, today, become the necessary part of everyone’s financial life. A luxury which has now become a tool in everyday life, where one plans the budget, reaps incentives, and gets some credits in return. Yet, like any other product from the financial sector, credit cards have their pros as well…
Source: Live Mint A credit card typically carries a credit limit that keeps a cap on its usage. This means if a credit card’s limit is ₹10 lakh then the card user can spend upto ₹10 lakh. But what if on a particular occasion, you have a need to spend over ₹12 lakh. Well, out…
Source: Live Mint Your credit score is extremely crucial when it comes to determining your eligibility for borrowing funds. Lenders pay high attention to your credit score as it helps them understand your financial situation and also evaluate your creditworthiness. Your credit score gives a general overview of your credit history as well as your…
Source: Live Mint Credit cards provide you a variety of exclusive offers designed specifically according to your lifestyle and needs. From discounts on hotels and flight bookings to great deals on restaurants and premium brands, credit cards have everything in store for you. However, you must also understand that increased usage of credit cards can…
Source: Live Mint You must have read media reports about how credit card customers received email/SMS messages about fraudulent transactions done on their credit cards from foreign locations. Did you know that international online transactions on credit cards don’t need a one-time password (OTP)? Hence, if someone gets your credit card details, they can do…
Source: Live Mint Most credit card users are lured to them because of the rewards and benefits they offer. Users mostly look for ways to maximise these rewards through their credit card expenses. Credit card churning is one such method designed to maximise benefits beyond what a single credit card can offer. What is credit…
Source: Live Mint In the recent past, most banks have either reduced the benefits of their credit card reward program or allowed some benefits on spending a specified amount. For example, for airport lounge access, some banks have either reduced the complimentary visits and/or made the access spend-based. The National Payments Corporation of India (NPCI)…
Source: Live Mint Travel credit cards come in handy if you are a frequent traveller, as they are specifically designed to provide additional rewards and insurance while travelling. One of the major aspects of travelling is luggage. There might be a case when your luggage gets displaced or stolen. This might be an unfortunate incident….
Source: Live Mint With the rapid progress of digitisation, credit cards have evolved significantly. Recent advancements in the credit card space include features like contactless payments, virtual cards, and mobile wallets. One such innovation is the introduction of chatbots for credit cards. Like other innovations, chatbots aim to simplify and make your payments easier. What…
Source: Live Mint Using a credit card is considered convenient, but not a free service. Apart from annual fees, joining fees, etc., credit cards also include merchant fees, which are fees charged to businesses. Merchant fees are essential fees that might be complicated for some to understand. What are merchant fees? A merchant fee is…
