21

[Translate] When dealing with money transactions, a sudden change can catch you unaware. Take for instance your credit card. You may suddenly find that the due date on your credit card has changed without any intimation and you are late in making your payment. Take the following case. Rita's credit card statement is generated on [...]

[Translate] Today, using a credit card has become commonplace and also a necessity. There would be hardly an area where it is not being used. Consider online transactions – a credit card is the key. But online transactions demand adequate security which gives a user the necessary confidence to use the card and at the [...]

[Translate] Getting a credit card is not all; one also needs to be well versed with its working so as not to get hit financially. Among all, dealings with the fees and charges present on the card require more attention. Every cardholder wants to ensure that he/she pays minimum amount when it comes to the [...]

Many a time, we are sure that we have taken the necessary steps to enjoy the benefits of a financial product, say a credit card. But still there are times when we find ourselves in a difficult position. The reason: A problem at the other end. Though we have followed the procedure to a good extent, The smallest problem at the financial institution’s end can impact our position greatly.

Rushabh holds a gold credit card from a private bank. He is very regular in his payments and has rarely paid any interest on the amount outstanding. Though the due date on his card is 25th, he ensures that the payment is made by 20th of each month so that he has time on his hand if there is any problem or confusion. Last month too he made his payments by 20th but after the due date he received a call from the bank, saying that the amount on his card has not been paid and thus will have to pay a penalty. Rushabh is perplexed.

[Translate] We might have become accustomed to using a credit card, but the same cannot be said about reading our card statement. We still feel stumped about certain terms or part or information in the statement. A credit card statement presents the summary of various expenses and payments made on a card in a month. [...]

[Translate] After receiving a credit card statement, the first thought that comes to our mind is what charges we are going to pay this time. We have anticipated a certain amount due on the card, but the statement tells a different story. There is a huge difference between the amount we have expected and the [...]

[Translate] It is easy and convenient for an individual to take multiple credit cards from a single bank. And then there are other benefits too. Your longstanding relationship with the bank fetches you some rewards, and there is also familiarity with the dealings and ease of payments. But not everything is positive about this arrangement. [...]