The FinTech Hub
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…
Source: Live Mint Just like other insurance coverage, credit cards also offer insurance to the card users. A credit card insurance covers a range of eventualities such as travel delay, trip cancellation, credit card shield and fraud protection. It is vital to note that a credit card user does not need to pay anything extra…
Source: Live Mint A good credit score increases your chances of getting a loan or credit card approved, provided you fulfil the other eligibility criteria. However, the higher the credit score, the higher the negotiating power you have to get better terms from the bank. These include a higher loan amount, a lower interest rate,…
Source: Live Mint Your credit score is a report card of your credit history and creditworthiness. Banks and NBFCs consider 750 and above a good credit score for approving credit card and personal loan applications. However, a good credit score is just one of the factors considered for approving credit applications. Inspite of having a…
Source: Live Mint It is important for an individual to build and maintain a good credit score. A good credit score helps them get credit cards and loans essential to fulfil important financial goals. However, there are several myths surrounding credit scores. Let us clear some of these myths. Debunking common myths about credit score…
Source: Live Mint With the shift towards digital payments, the credit card landscape has evolved, too. Along with the rapid changes in the credit card space, there is a need for enhanced security measures. The EMV chip technology or credit card security chips is one such measure. What is EMV chip technology? Europay, Mastercard, and…
