Page 9 - Credit Card

Free lounge access, movie tickets and more: Credit cards offer benefits but don't miss the caveats

Analyse your spending pattern and go with a card that complements it

Taking loans to repay card dues is not smart

Use credit cards with discretion and try to generate a net monthly surplus to avoid falling into a debt trap

Use credit card with discretion this festive season

While it is a convenient mode of payment, it is not an efficient way of borrowing. Repay your dues fully every month if you decide to use it

Co-branded cards limit your options

While the number of points per spend is higher, one needs to make substantial expenditure on the credit card to get big benefits

Banks look to tie up with online players to offer credit cards based on spending patterns

Aims to tap first time credit card users for smaller credit usages

Punished for good financial behaviour?

You may be making payments on time and never rolling over credit, but the card issuer can raise interest rates and fee as it is not earning anything from you

EMIs on credit card is useful but tricky on conditions

Keep in mind interest rate, tenure and additional charges if you exceed credit card limit

Cut down on credit card expenses

The Reserve Bank of India's latest data indicate that spending per card is rising steadily - something that consumers should worry about

9 reasons why India's rising credit card debt should worry you

The data needs to be seen in the light of slower industrial credit as well as declining debit card spends

Soon, you won't have to pay surcharge on card payments for petrol, train tickets

Cabinet has approved a proposal to withdraw the surcharge/service charge or convenience fee on digital payments