The FinTech Hub
Source: Live Mint Using a credit card offers a range of benefits. Apart from getting 45-day interest free period, users also receive a number of benefits which range from discount on shopping to getting reward points. Aside from these, one of the tempting features of credit cards is the access to lounges at airports, particularly…
Source: Live Mint Most shoppers prefer using credit cards as a mode of payment for online shopping over in-store purchases. than 48% of credit card users stated in a survey that they chose only credit cards to make payments on online purchases during the festive season. Credit card usage Around 45% users mostly chose credit…
Source: Live Mint If you rely on a credit card to make most of your financial transactions or you are planning to switch to a credit card for the rewards and cashback it offers, it is important to know that once issued, a credit card cannot be used forever. Every credit card has an expiry…
Source: Live Mint If you have a big credit card debt and believe that the bank will simply forego it since the debt is unsecured, then you are being delusional. A credit card company has all the right to take the defaulter to court. While most credit card users feel that the only implication of…
Source: Live Mint In today’s financial world, credit score is one of several important measures which describes a person’s financial situation. It is a three-digit numerical figure which will indicate just how credit-worthy you are, or just how good or bad you would be in managing debts and repayments. This score is normally between 300…
Source: Live Mint A poor credit score may hinder your ability to obtain a credit card. Usually, a credit score lower than 600 is considered a poor credit score. A poor credit score mostly results from high credit use and missed payments. However, low-interest credit cards typically have interest rates lower than those of most…
Source: Live Mint If you are a frequent user of credit cards or planning to get a credit card, you might face a situation where your consumer rights might be violated. Hence, it becomes important for you to know about various credit card rules to protect your rights. The Reserve Bank of India (RBI) has…
Source: Live Mint A business credit card is convenient for small businesses to finance their venture. This card is specifically designed for businesses, suiting its various needs and requirements. When compared to a personal credit card, a business credit card helps to separate your personal and business expenses. Moreover, some business credit cards offer added…
Source: Live Mint Notwithstanding all the benefits offered by credit cards, the users could face certain issues with regards to hidden charges levied – something they were unaware of earlier. Sounds unfair, right? There are certain laws and guidelines which ensure that the users are told about all the costs involved upfront and there is no…
Source: Live Mint Credit card companies typically employ a number of marketing strategies or offers to woo new customers. These strategies or offers are aimed to highlight the benefits of their credit cards, target specific demographics, and create a sense of exclusivity. For instance, most of them offer cashbacks, reward points, extra points at some…
