Read the fine print to avoid credit card woes

Synopsis: In yet another case of banks tightening their credit lines to customers, credit card limits shall now be under scrutiny – and lowered, if need be, to minimize the risk for issuing banks. Read more to find out why and how your credit card might not let you spend as much, anymore. Full article: [...]

Corporation bank launches prepaid travel card

Synopsis: Prepaid travel cards can be a huge untapped opportunity owing to the fact that travel and tourism is a growing industry. However, like with every new product launched, it will take time to get popular amongst travelers. On the brighter side, the cards will be a blessing in disguise to travelers since it will [...]

Social networking, personal finance make online connect

Synopsis: Yet another story from the consumer-centric business model; what’s even better, is that it’s online! This one encapsulates India-specific personal finance information into one site: Zibika. Read more… Sanat Vallikappen, iMint, Sep 26 2008 Full article: Mumbai: It was only a matter of time that the age of social networking caught up with the [...]

Banks going slow on credit card hardsell

Synopsis: Banks are now red alert on credit defaulters; as inflations rises and disposable income shrinks, card usage soars higher in the recent months. Read more to find out what banks have to say… Full article: 6 Oct, 2008, Paramita Chatterjee, ET Bureau NEW DELHI: Amid fears of default rates going up in the wake [...]

StanChart unveils single card for debit, credit transactions

Synopsis: If you have been shuffling between your credit and debit cards, here’s news for you: Standard Chartered introduces a new card that lets you switch between both. Read more to find out how… Full article: MUMBAI: Customers who until now had to keep two separate cards — credit and debit card in their wallets [...]

LIC may launch credit card next month

Synopsis: Paying Insurance premiums just got easier with LIC making arrangements to accept premiums through credit cards. LIC also is in the process of launching its own credit card. 2nd Sep, 2008, ET Full article: NAGPUR: Life Insurance Corp (LIC) may launch its credit card in October, according to its Senior Divisional Manager Bhausaheb Gujar. [...]

Citi fights bid to cap credit card interest

Synopsis The National Consumer Disputes Redressal Commission is taking the cause of high interest rates on card outstandings to the Supreme Court. The Commission accused Citibank under Unfair Trade Practices, for charging interest with monthly rates. Read more to find out the bank’s side of the argument… Full article: 30 Aug, 2008, Sanjay K Singh, [...]

Credit card addict? Switch over to cash

BS TINESH BHASIN, Mumbai, 11 September Synopsis: Pre paid cards are a good option for people who cannot control their tendency of over spending. However it isn’t as convenient as a credit card as it is more expensive for certain purchases also there are no facilities like cash back, reward points, bonuses etc. Full article: [...]

SC refuses to allow high interest on credit cards

Synopsis: With the Supreme Court intervening by putting a stay on the requests by banks to increase the interest rate to cover their operational costs, will help credit card holders heave a sigh of relief. However for how long, will have to wait and find out Dhananjay Mahapatra | TOI Full article: New Delhi: Credit [...]

Fat wallets? Credit it to plastic

Synopsis: Credit cards – a Boon or a Bane? 8 Sep 2008, 0353 hrs IST, Avijit Ghosh, TOI Full article: NEW DELHI: About three years back, Madhur Mehrotra began to feel the bulge in his wallet. Ten credit cards, 12 loyalty cards and three ATM cards had created a serious weight and space problem in [...]