The FinTech Hub
Source: Live Mint In an era where online transactions are the norm, virtual credit cards (VCCs) have gained popularity in the financial world. These electronic substitutes for traditional plastic cards offer a modern means of payment with the aim of enhancing security and convenience. Let’s understand how safe they are. Understanding virtual credit cards A…
Source: Live Mint Due to the benefits, convenience, and security it provides, it is hard to picture life without a credit card in today’s world. Differentiating between annual fee or non-annual fee credit cards is a crucial step in the process of picking a credit card. Knowing the details of each option allows you to…
Source: Live Mint Indians are tapping their phones in a big way to spend money. The value of transactions done using mobile phones soared nearly 30% year-on-year (y-o-y) to about ₹198 lakh crore ( ₹1.98 trillion) in the second half (2H) of 2024. To put it in perspective, this amount is 14.5 times the money…
Source: Live Mint Credit cards offer reward points and cashbacks through which you can save on your transactions while not compromising your lifestyle. ICICI Bank offers credit cards which provide exclusive deals on travel, entertainment, dining as well as on daily shopping. You can apply for an ICICI credit card online as well as offline…
Source: Live Mint Credit cards can be a smart way to make transactions while saving money. However, this can also make you form a habit of overspending through which you may end up with a big fat bill which may become difficult for you to repay on time. If you are an IndusInd Bank credit…
Source: Live Mint If you have recently started using a credit card, you must be aware that it has a fixed credit limit and you are not supposed to spend beyond this. Although the limit is typically generous, it is recommended not to exhaust all of it for the sake of a healthy credit score….
Source: Live Mint Credit cards are financial instruments that offer flexibility, convenience and seamless digital payments. However, relying too heavily on paying only the minimum amount due can lead to a dangerous cycle of debt. While making only the minimum payment might seem like a short-term solution to avoid late payment penalties, it carries serious…
Source: Live Mint Closing a credit card might seem like a simple and straightforward financial decision, especially if you are trying to cut down on unnecessary spending or avoid hefty fines and late payment fees. However, in India, this move can immensely impact your credit score and your overall credit profile in a negative way….
Source: Live Mint To make the most of HDFC Bank’s digital payment facility, customers and HDFC Bank credit card holders should know how to activate online transactions. This will help with seamless transactions, bill payments, and e-commerce application usage, such as payments on Amazon, Flipkart, Myntra, etc. As per the new Reserve Bank of India…
Source: Live Mint To combat the ever-rising number of credit card defaults in India, leading financial institutions and banks have implemented strict rules for recovering overdue amounts. Kotak Mahindra Bank, in accordance with Reserve Bank of India (RBI) regulations, ensures that overdue recovery notices are delivered to credit card users seamlessly. This process involves several…
