Credit Cards
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December 01, 2023 12:07 PM ISTSeven financial changes that may impact you this December
From providing nomination or opt-out for investments in MFs and demat accounts to changes to HDFC Bank’s Regalia credit card lounge access within India, you need to be aware of several changes in the financial arena.
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November 09, 2023 03:29 PM IST Banks prefer to lend money to salaried, than self-employed, says a Paisabazaar study
A Paisabazaar report titled “Making India Credit Fit” says that awareness of credit has gone up sharply among young customers.
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November 11, 2023 06:42 PM IST Love to travel? Here is how you can use credit card to save on travel expenses
The key to maximising value is understanding the features and benefits of your travel card and using them smartly.
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October 26, 2023 07:13 AM IST When keeping an eye on your credit score, don’t lose sight of the credit utilisation ratio
If the ratio is high and consistently so, it might indicate the individual is relying heavily on credit and may be under financial stress.
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October 25, 2023 07:42 PM IST Decoding taxation for international transactions: New TCS regulations explained
With effect from October 1, 2023, the new TCS regulations apply to your international spending such as overseas tour packages, forex, remittances, and so on. Whether you're a business owner, a frequent international traveller, or simply curious about how the TCS would be levied, this video is a must-watch.
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October 20, 2023 04:13 PM IST Juggling multiple credit cards? Here are ways to strike the perfect balance
There are several benefits that you can derive from having more than one card, including using them as backup and for efficient cashflow management, but these can easily backfire if you don’t have the highest level of financial discipline and responsibility
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October 19, 2023 12:05 PM IST Maximise your credit card rewards: Here's all you need to know to earn while you spend
Look for a credit card that not only amplifies your spending power but also offers you complimentary membership to renowned hotel and airline loyalty programmes.
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October 18, 2023 01:12 PM IST Higher TCS on foreign spends: Credit cards exempt for now, book flights, hotels separately to minimise tax impact
The government has clarified that standalone purchases of foreign flights or hotel stays are not considered as a purchase of an overseas tour package; they are covered under LRS.
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September 27, 2023 11:12 PM IST Amazon Pay looking to tie-up with more banks for credit card offerings
At present, the company has a tie-up with ICICI Bank for a co-branded credit card as part of which over 42 lakh credit cards have been issued as of June 2023.
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September 05, 2023 07:26 AM IST Credit card rewards: When the wrong Merchant Category Code can be costly for cardholders
Businesses are categorised by a unique number called the Merchant Category Code. This determines what rewards you get, or not. When a wrong MCC is configured in the banking system, it could land you in trouble, besides depriving you of your rewards.
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October 02, 2023 09:05 PM IST Marriott Bonvoy HDFC Bank Credit Card: A Moneycontrol Review
Marriott Bonvoy and HDFC Bank have launched India’s first co-branded hotel credit card. For those who like staying mainly at Marriott hotels, this card is a good thing. But keep in mind that it also aims to convert travellers into Marriott hotel loyalists.
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November 01, 2023 06:41 PM IST Why are banks cutting down on free airport lounge visits?
Complimentary visits to airport lounges, which were once a big draw to attract new customers, are now a burden. Banks and credit card companies are now cutting down on free visits.
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August 21, 2023 10:54 AM IST Reeling under huge credit card debt? Here’s how balance transfer helps
Credit card balance transfer method is one of the many ways to reduce your credit card debt. But make sure you have the discipline to pay off your debt in time. But if the debt is too high, a credit counsellor is a better option.
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August 20, 2023 07:30 PM IST Equitas Small Finance Bank to venture into credit cards, personal loans segment
Equitas Small Finance Bank was also investing in developing a mobile application to serve merchants and help improve their business operations.
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August 12, 2023 03:28 PM IST Credit card history: The first person to think of this financial instrument was a sci-fi writer
Buy now, pay later goes back to at least 1934, when American Airlines and the Air Transport Association issued the first Air Travel Card.
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August 11, 2023 08:10 AM IST What triggers your bank to shrink your credit card limit?
Stretching the card limit, missing payments, and inactive cards are among the few reasons your bank may decide to cut your credit card limit.
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August 08, 2023 10:17 AM IST US consumer credit card debt hits record $1 trillion
As per the New York Fed, the youngest Americans aged 18-29 years had the highest credit card delinquency rates in the first quarter of 2023.
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August 04, 2023 06:00 PM IST Festive offers from Amazon and Flipkart: How to make the most of shopping credit cards
Learning to choose the right shopping credit card is a skill in itself. Weighing the fees and charges against the rewards and benefits you expect from the cards needs some thought. Experts tell you what to look for and prioritise
- August 03, 2023 03:15 PM IST
Don't make these five credit card mistakes or you'll be in debt forever
Credit card debts must be carefully managed for long-term financial security. Most credit card holders tend to make a few common mistakes that take them deeper into debt.
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August 01, 2023 07:42 AM IST Six changes in the financial landscape you need to keep an eye on this August
August may be the last month to lock in your investments in special FD schemes offering high interest rates. You'd also need to verify your income tax returns, spend smartly as the festival season kicks off, and track the RBI’s monetary policy announcement for any repo rate hike this August.
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July 24, 2023 12:09 PM IST Why Axis Bank stopped redemption of reward points, selectively?
Banks and credit card companies frown when users earn faster reward points through dubious means such as swiping personal cards for business purposes. Axis Bank did the same. Here’s what happened
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July 20, 2023 09:25 AM IST Small loans have seen big growth, TransUnion CIBIL report reveals
Home loans in the affordable housing segment, below Rs 25 lakh, have slumped. In the quarter ended June 2023, credit card payment defaults increased. The approval rate for loans to new-to-credit consumers, whom lenders typically approach with caution, was lower.
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July 17, 2023 10:06 AM IST Club Vistara's 3rd co-branded card IDFC FIRST Credit Card is here: A Moneycontrol review
The IDFC First Vistara Card gets you more benefits than the airline’s other two co-branded cards, but you also need to hit higher spending milestones and pay higher joining/annual fees
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July 14, 2023 08:32 PM IST 5 Axis Bank Credit Cards Devalued | Why Do Banks Devalue Credit Cards?
Axis Bank has recently devalued some of its credit cards. Cards including Axis Bank Privilege, Axis bank reserve credit Card, Axis bank select, Axis Bank Flipkart Credit Card and my zone card will now provide lesser rewards and benefits. Watch this video wherein we explain why do banks devalue credit cards.
- July 14, 2023 09:41 AM IST
Centre likely to include international credit cards under LRS once banking systems are ready, rollout to be much later than October 1: Report
Sources said to CNBC-TV18 that credit card networks, banks and authorised dealers are gearing up for this eventuality and once systems are in place to account for individual forex remittances via credit cards, an implementation date will be considered.
