The FinTech Hub
Source: Live Mint You can fund your overseas trip for personal/professional reasons, business or vacation with your credit card. Though credit cards offer a lot of benefits such as low forex mark-up fee, rewards and discounts on flights as well as hotel bookings for international travel, you have to be careful with your usage. There…
Source: Live Mint In today’s unpredictable financial landscape, having multiple credit cards has become increasingly common. But the question remains: does having multiple credit cards raise or lower your credit score? Let’s explore this question further by discussing the advantages and disadvantages, as well as the best ways to manage multiple cards. Factors influencing credit…
Source: Live Mint Mastercard has partnered with City Union Bank (CUB) to roll out its first passion cards in India. Meant for cricket enthusiasts, the new cards are full of a host of exciting lifestyle and travel benefits. CUB has brought Chennai Super Kings (CSK) and Sunrisers Hyderabad (SRH) on board to enable fans to…
Source: Live Mint A credit score of 550 is generally considered poor in India. Such a score significantly impacts an individual’s access to credit instruments such as credit cards, personal loans etc. That is why clearly understanding the implications, pros and cons associated with this score and taking proper steps to improve the same are…
Source: Live Mint While going through your credit card statement, you must have come across certain transactions that have not earned any reward points. These may be transactions from excluded categories or the transaction amount may be lower than the minimum spend required to earn reward points. Banks require credit card transactions to be of…
Source: Live Mint Maintaining a good credit score is important for anyone to be able to secure a loan or credit card on convenient terms and conditions. It is normal for married couples to run a joint bank account and credit card. But what happens to these cards and accounts in case of divorce? Oftentimes,…
Source: Live Mint Many Indians find themselves struggling to devise an investment plan and save money efficiently. This is happening in an era of global inflation, economic tariffs and disputes between nations all over the world. This is an era where financial stability is of paramount importance. Now, even after a cultural emphasis on saving…
Source: Live Mint At the time of securing a credit card, it is common among users to choose the card which has tempting features for them. And as one would expect, these features are quite personalised. For some users, discounts on movie tickets are more important than free coupons on eating out, whereas for some…
Source: Live Mint Many benefits, features, and charges are often packaged with credit cards. The annual fee is an average cost cardholders pay each year to use their card. Though some shoppers may be unwilling to spend the fee, one should consider if the benefits these cards offer are worth the cost. Understanding annual credit…
Source: Live Mint A smart approach to managing one’s personal finances is to repay credit card debt while eliminating the possibility of additional fees. Though “settlement” typically refers to discussions with the credit card company to develop an alternative payment for a reduced amount, it may still negatively impact a credit score. With this in…
