The first Diners Club credit card was unveiled back in February 1950. The Diners Club card, used mainly for travel and entertainment purposes, became the first credit card for widespread use and eventually changed the way consumers make purchases. Sixty years later, what is the state and the future of the credit card industry?
Despite the [...]
Banks are gradually more looking at offering rewards or points on Debit and Credit card transactions in an attempt to attract more customers and raise card usage.
State Bank of India, launched a loyalty programme for its debit card customers in April 2009. Punjab National Bank is also setting up to launch a similar programme for [...]
Credit card is one financial product if handles properly then definitely you will admire it the most. It is a good alternative to make payments when you are short of cash.
But choosing a right card could be quite a challenge. There is a wide range of choice that is available in the market like Standard, [...]
In the USA one of the major causes of worry is the medical expense. The recent times have witnessed a large number of people filing medical bankruptcy
Some of the major causes of medical bankruptcy are as follows.
Medical expenses are usually totally unexpected. Sickness does not see the financial situation of the diseased. It [...]
Around 20.35 lakh credit cards will be flushed out of the system by March-end, according to a study done by Venture Infotek, India’s leading payment solutions provider. It has shown a sharp drop to 226.64 lakh cards by March-end, from 246.99 lakh cards as on March 2009, says the report titled ‘Payment Card Industry 2009’.
On [...]
The bank of Banking, Reserve Bank of India, does not have any information about “heavy penalties” and “extra-ordinary interest rates” imposed by banks on credit card defaults.
In reply to a question “Is RBI aware that banks are charging heavy penalties also in addition to extra-ordinary interest rate on credit card default payments? Statements are deliberately [...]
More than ever the average person is becoming aware that bankruptcy has lost any negative stigma that it once may have had. It’s often used by major businesses to address their financial circumstances and is more and more being used by the ordinary person as a financial tool. Let’s take a little closer look [...]
There is only one way to effectively discharge or get rid of credit card debt and that’s through bankruptcy. Debt settlement, while important and helpful can rarely get the debt totally eliminated. It takes bankruptcy to do that. As credit card debt has continued to escalate, one of the most important tools to help [...]
The system in which we perform our banking and financial transactions have forever been changed, thanks to the internet. Now we can apply for financial services and shop from the comfort of our own home due to credit cards and fast home broadband speeds. Most of the companies are now starting their own websites through [...]
There’s almost no more devastating personal financial calamity than divorce, particularly one where the parties are intent on creating financial pain for one another. Often the party that controlled many of the mutual assets before the divorce is left with much less to work with after a nasty divorce. More and more commonly this [...]
