Archive for the ‘Credit Card’

  • Know About the Cash On EMI Facility>
    Know About the Cash On EMI Facility
      You may have a sound financial background and credibility and high credit ratings, but at times when you are faced with a financial problem, and loans are scarce and difficult to arrange, you have the option to take advantage of CASH ON EMI facility on your credit card. The Cash on EMI, allows the credit card holder to take a cash advance on his credit card and repay the same in equated monthly installments, and the bank will charge interest for the same. However under this scheme, the funds can only be used for your personal use and cannot be utilized for any investment purposes, or in equity shares, debentures, convertible bonds or units. The Cash on EMI facility is available for specified period of time according to the terms and conditions and the same facility can be discontinued  [...]
    at June 25th, 2013 at 12:06 am
  • Utilizing Your Credit Card Points In A Smart Way>
    Utilizing Your Credit Card Points In A Smart Way
    Possessing a credit card has become common practise and more and more people resort to using credit cards as compared to carrying liquid cash with them. Having a credit card does have a host of advantages, however it also has a downside, that is we are always at a risk to overspend. With caution we can make a smart and calculated use of our credit cards. While using credit cards we are awarded with some bonus points. Credit card holders often tend to ignore the points they earn while spending and using their credit cards. However these points are very useful and are money saving tools if utilised wisely and spent on necessities of life. Every credit card has a different system of allotting points on a credit card, depending on the type of the card- like platinum, diamond, gold, silver card. The  [...]
    at December 13th, 2012 at 12:12 am
  • Be Safe From Credit Card Frauds>
    Be Safe From Credit Card Frauds
    There is increase in credit card frauds in India, and in the process the credit card holders are being cheated and swindled of their hard earned money. The banks issuing the credit cards have done much to spread awareness about the credit card frauds and advised credit card holders many precautions to follow while transacting on your credit card, but some times in the hustle bustle of life we over look the precautions and tend to get cheated. It is imperative to note you must not share your credit card pin code or secure code with anyone nor should you write the codes on the back side of the card. When you are making on line payments for utility bill, or for travel bookings or shopping you must use secure payment platforms- In case of payment by master card- secure code is a private code for  [...]
    at December 6th, 2012 at 12:12 am
  • Safeguard Your Credit Cards From Frauds>
    Safeguard Your Credit Cards From Frauds
    Credit cards today have become a necessity and a reality with which we all have to live with. The use of credit cards in our daily life has opened for us a new window to conduct our life and chores in an easy and swift manner. Credit card today is used for purchasing and shopping, for travelling, for making on line payments for our utility bills and other on line transactions required in our daily life. However credit card frauds are on the rise day by day and to protect yourself from this event you may safeguard yourself against phishing. Phishing is an act of sending a fraudulent email or creating a forged screen pop up in an attempt to capture the sensitive details of your credit card like your user id, password, pin, date of birth, CVV number etc. In these mails you are asked to click on  [...]
    at November 29th, 2012 at 07:11 am
  • Frauds in Credit Cards>
    Frauds in Credit Cards
    There is a tremendous increase in the fraud of credit cards, and cards have become very vulnerable. To protect the interests of its customers and to lower the risk factor of fraud in credit cards; banks are devising new methods, systems, every day with the help of latest technology. To protect and defend its customers from fraud, banks are making credit cards more secure by using new lines of defense. Almost all banks offer lost card liability cover on their card. Customers are not liable to pay if the misuse amount is covered under lost card liability cover. The new regulations of the Reserve Bank of India has mandated that all credit cards should use an additional pin-like with an ATM, the card holder will be required to enter a pin number to authorize any transaction at a merchant. This  [...]
    at August 29th, 2012 at 06:08 am
  • Credit Cards: An Overview>
    Credit Cards: An Overview
    Usage of credit cards is not new in the present era. It has become a vital asset for most people. Credit cards are very convenient and easy to use. Plastic money has become the trend of the current day scenario and people consider it to be a fashion statement. It is considered elevate your social status if you carry multiple credit cards from various banks. Banks facilitate convenient payment modes to purchase stuff and most banks lure the customers with attractive offers. Credit cards are much more safe and easier to carry than liquid cash. If we require to take a loan from the banks, then we have to give a collateral security but credit cards are given without this. As the extend of your shopping and usage increases your limits are also increased. It is very useful in case of long distance  [...]
    at March 22nd, 2012 at 01:03 am
  • How to Get Unsecured Credit Cards?>
    How to Get Unsecured Credit Cards?
    You may be looking to build your credit or wanting to gain more purchasing power, the unsecured credit cards will help you achieve all your financial requirements. The best thing about these credit cards is that they will allow you to spend more while creating purchasing records demonstrating you as a responsible spender to all other lenders. Unlike the secured one, the unsecured cards will not ask for any collateral from you. However, as the credit card company is at higher risk of incurring financial loss while providing an unsecured credit card, the person applying for these cards must possess satisfactory credit score for actually obtaining the card. Below we have discussed about the steps of obtaining unsecured credit cards: First, you will have to contact the credit card company of your  [...]
    at September 26th, 2011 at 02:09 am
  • Credit card rewards and how to qualify for them easily>
    Credit card rewards and how to qualify for them easily
    The end of the year is nigh, and I’ve been looking at my credit card statements and mulling over my credit card rewards. You see, I’m this close to breaking through the $25,000 spending tier and upgrading myself into the next tier of spenders. I’ll get more points, more frequent flier miles, more credit card rewards, basically more everything. That’s the good part. The bad part is that it shuts on December 15th and I don’t really want to spend a lot since finances are tight right about now. But I do want to make it to that next level since I’ll get such nice, shiny, utterly desirable credit card rewards. I’m almost drooling at the thought of it. Okay, I’m not actually drooling. But you get the picture. Keeping my current limitations and needs in mind, I’ve been mulling  [...]
    at December 1st, 2010 at 12:12 am
  • Avoid the debt trap>
    Avoid the debt trap
    Having a credit card on hand mans understanding its implication for you fully and many people fail to do exactly this. Used responsibly, it can do you a world of good. Used poorly, it will send you into a downward spiral you might not recover from. Credit cards are undoubtedly good for you, but only if you choose to wield it wisely, like so. Read the fine print Every card comes with tons of legal gobbledygook, make sure you read it through and through and clarify the stuff you don’t understand (because there’s always something in there someone doesn’t get), such as terms & conditions. Always ask for help when you’re in the dark. Read through your monthly statement Terms & conditions do keep on changing, if not on a monthly basis. Keep an eye on those due dates, add-on fees and  [...]
    at August 18th, 2010 at 02:08 am
  • Challenge Your Credit Card Application Denial>
    Challenge Your Credit Card Application Denial
    Due to the recent economic crisis, it has become quite difficult to get a mortgage, vehicle loan, and even a credit card. If you a bad credit score, it’s very difficult. But if you have a good score, yet your credit card application gets rejected, you have to right to challenge it. Get a Copy of Your Credit Report Under current credit law, you are entitled to receive one copy of your credit report from each of the three credit bureaus (Trans Union, Equifax, and Experian) without any cost. Once you receive you rejection letter, find out which credit bureau provided information to the creditor. Now, send a copy of your credit report and the rejection letter, along with a letter that mentions your personal details including name, address, Social Security, and so on, which makes it easier  [...]
    at June 16th, 2010 at 05:06 am