Mon, Dec 04, 2023
AI fortifies credit card fraud detection by leveraging sophisticated algorithms, real-time monitoring, behavioural analytics, and predictive modelling, providing a dynamic and effective defence against the ever-evolving period of financial fraud
Thu, Oct 19, 2023
Bank of Baroda credit card offer: State-run Bank of Baroda introduced a limited-period, festival season-focused scheme, FestiveShoppingRewards, for its credit card customers.
Sat, Sep 30, 2023
Most of the credit card issuers approve the new card applications based on the income proof and the credit score of the applicant. An applicant can also avail a credit card as a co-applicant or by submitting details about monthly earnings, in case there is no income proof.
Fri, Sep 29, 2023
Credit card issuers can change the terms of the cards, leaving cardholders with the option of either opting out or shifting their cards.
Wed, Sep 27, 2023
According to Zee Business Research, in August, 9.13 crore credit cards were used as against 8.9 crore in July, which implies an increase of 2.5 per cent.
Fri, Sep 15, 2023
CIBIL score is a three-digit number that indicates your credit history and a summary of how you made repayments for past loans, if any. Your credit score can still be affected if you haven't taken a loan or used a credit card.
Wed, Sep 13, 2023
Many card holders use their credit cards to pay their rent. However, there are a few drawbacks. If you fail to pay the credit card bill in full it may accumulate more interest over time.
Tue, Sep 12, 2023
The credit card holders should be cautious on spending to avoid unnecessary charges and interest rates. Missing the deadline and paying only the minimum amount also increases the interest charges on credit card spends.
Tue, Sep 05, 2023
People often leave their credit cards unused, increasing the chances of the card being deactivated. Even if you don’t use a credit card, the card issuer may still continue to levy annual fees and charges.
When it comes to getting credit card applications approved, the applicant needs to have a good track record paying bills within due date. A person can have multiple cards, depending on their eligibility.
Thu, Aug 31, 2023
Choosing a credit card with low interest rate and fees will help in saving more on credit card bills. You should also look for a credit card that offers cashback and discounts on spendings.
Mon, Aug 21, 2023
How did you get the returns from the property market in 5 years? Which segment's houses have increased demand? Which city of the country has the highest appreciation? What is the reason for the boom in the luxury segment? How about affordable housing?
Sat, Aug 19, 2023
If your credit card information is leaked or stolen you should immediately contact the card issuer and report the potential breach. Also, it’s advisable to immediately block the credit card.
Thu, Aug 17, 2023
The number of credit card defaulters have been rising in recent times. It’s always advisable to use credit cards wisely to avoid falling into a debt trap. You can even avail a loan at a lesser interest rate to clear all outstanding credit card dues.
This credit card aims to offer best-in-class rewards to customers, across travel, wellness, and lifestyle segments, IndusInd Bank said in a statement.
Mon, Aug 14, 2023
In the coming days, RBI's 'Frictionless Credit Platform' will allow loans without credit score. How will this Frictionless Credit platform of RBI work? Know here....
Sat, Aug 12, 2023
As stated by SEBI, banks hold the right to analyse the credit limits of customers based on their spending and repayment data and further offer to increase or decrease the credit limit, depending on the case.
Thu, Aug 10, 2023
The caller pretends to be a bank employee with an offer to increase the credit card limit. On this pretext, the fraudster manages to gain sensitive data of the credit card holder such as CVV, OTP and other details.
Wed, Aug 09, 2023
Credit Card Default: There has been a steady increase in the number of defaulters on credit cards. In the last financial year, the number of defaults crossed Rs 4 thousand crore.
You need to compare the advantages offered by both credit card and pay later services before choosing the right option as per your needs. Credit cards and Buy Now Pay Later (BPNL) differ on the basis of fees, interest free period and the credit limit.
Credit utilisation ratio refers to the outstanding balances on your credit card as against the total sanctioned credit limit. A low credit utilisation ratio is beneficial in many respects. Follow these tips to lower your credit utilisation ratio.
Tue, Aug 08, 2023
GNPAs in credit cards have declined from 3.56 per cent in March 2021 to 1.91 per cent in March 2022, and stand at 1.94 per cent in March 2023 against the scheduled commercial banks' GNPA of 3.87 per cent in March 2023.
Mon, Aug 07, 2023
Credit card balance transfer facility helps cardholders to save on interest payments and manage their dues favourably. The option is often used by people with multiple credit cards.
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