Page 12 - Credit Cards

UP Police to expand cyber crime wings following spurt in online frauds

Senior police officials instructed to complete the preliminary rollout of the cyber cells by October 15

Banks to discontinue cashback on credit card payments at petrol pumps

"The 0.75 per cent cashback on fuel transactions will be discontinued with effect from October 1," read a message from State Bank of India to its customers

Now, you can allow up to Rs 2,000 of recurring payments via digital wallets

RBI has permitted processing of e-mandate on credit and debit cards, besides prepaid payment instruments, including wallets like Paytm, PhonePe and Amazon Pay for recurring payments of up to Rs 2,000

Co-branded cards useful, but get one only if you use e-commerce sites a lot

An individual needs to segregate his monthly spending and check the categories and brands where he spends the most

Using credit cards for ATM withdrawals? Here're errors that you must avoid

Withdrawing cash from ATMs using credit cards attract interest from the date of withdrawal till it is repaid

Apple, Goldman to test joint credit card with employees soon, reports WSJ

A wider rollout to consumers will come later this year, according to the Journal

Credit card application rejected? You can get one against a fixed deposit

One advantage of a secured credit card is that you get an opportunity to build your credit score

A snapshot of credit card regular spend charges levied by various banks

Here is how the credit card charges charged by various bankls stack up

Smart money: Use supplementary credit cards to avail maximum benefits

It can be used to track spends and improve credit scores

Want access to an airport lounge? Your plastic might just offer free access

But you must check the terms and conditions of your credit/debit card. There may be a restriction on the number of times you can access the lounge per quarter

Planning holiday? Foreign transaction fee can burn big hole in your pocket

Carrying cash or having a good travel credit card with rewards can help reduce costs

Do your regular shopping and payments with credit cards for good rewards

Here is how interest rates and charges on credit cards by various banks stack up

Your guide to use multiple credit cards to fulfil your lifestyle needs

Do not apply for many credit cards within a short span of time as this can adversely impact your credit score

Take a low-cost loan to pay off credit card dues

If banks won't lend, seek a loan from fintech lenders or P2P platforms to help you get out of a debt trap

5 Things you need to know about a Line of Credit

Here are few essential things to know about how to get a Line of Credit

Credit card balance transfers to personal loans are easy today

Lower interest rates, longer repayment tenure are advantages, provided you service the EMI regularly

Beware! Cashback on cards for business expenses could be taxed

While there is no specific provision to exempt cashback from taxes, one can argue that for personal expenses it is only a discount