HDFC Bank is offering some of its popular credit cards without any annual fee or other charges during the festival season. The offer is valid till December 31 for Swiggy HDFC Bank Credit Card, Tata Neu Plus HDFC Bank Credit Card, Tata Neu Infinity HDFC Bank Credit Card and till October 31 for Freedom Credit … Read more
Credit cards can be a convenient option for paying insurance premiums, which are the amounts required to maintain an insurance policy. Timely payment of these premiums is crucial, as failing to do so can lead to policy lapses and loss of coverage. Here’s how to effectively use credit cards for insurance payments. How to pay … Read more
India’s household savings as a proportion of our GDP is declining. In its latest Financial Stability Report (June 2024), the Reserve Bank of India has also noted that while net financial savings have declined in 2022-23, financial liabilities have gone up thanks to retail loans for consumption and investment. Rise of personal loans The personal … Read more
Every bank needs to maintain a balance between the credit card rewards offered to customers and profitability. The balance ensures the rewards program can be provided to customers on a sustainable basis in the long term. Banks like HDFC Bank and Axis Bank have restructured the benefits on their credit cards in the recent past. … Read more
On 8th August 2024, the Reserve Bank of India (RBI) made an important announcement about the frequency of credit information reporting by banks/NBFCs to credit information companies (CICs) like CIBIL and others. What is this announcement, from when is it applicable, and how will it help banks/NBFCs and borrowers? Let us understand. Credit information to … Read more
Credit cards are a great tool to manage finances. They not only make life easy because of the ease of usage, they are also heavily rewarding if used in the right manner. Apart from ease of spending and earning rewards, credit cards are a great way to build credit score, get facilities like lounge access, … Read more
A personal loan can be a useful financial tool for various needs, whether you have an upcoming event, want to take a relaxing holiday, or face an emergency requiring quick cash. With a personal loan, you can access funds without needing collateral, and the application process can be completed online in just a few simple … Read more
In today’s consumer-driven society, credit cards have become an essential financial tool. While they provide convenience and flexibility, they can also lead to significant debt if not used wisely. Failing to pay credit card bills on time can create serious financial problems. Let’s explore effective strategies for managing credit card debt and regaining control over … Read more
In today’s fast-paced financial landscape, personal loans have become a go-to solution for various needs, from home renovations to unexpected medical expenses. However, the allure of quick access to funds can sometimes overshadow the potential pitfalls, particularly the hidden fees that can significantly inflate the overall cost of borrowing. In this article, we’ll explore common … Read more
A structured budget is essential for managing your finances effectively. It not only helps during emergencies but also secures your financial future. While credit cards can be a double-edged sword, when used wisely, they can significantly enhance your budgeting efforts. The key risk lies in impulsive spending, which can lead to debt traps. However, with … Read more