How do banks make money through credit cards?

Credit cards are ubiquitous substitutes for cash. Ever wondered in how many different ways banks make money through credit cards issued by t...

Credit Card Dues

With the interest rate on credit cards increased to 49% , paying credit card dues on time has become more important than ever. This article ...

How to protect yourself from credit card theft or loss?

Credit card/debit card theft or loss may happen to anyone, anywhere, any time. To its worst case, consider a situation where a theft or loss...

How to best manage your credit card?

Credit cards are very useful and handy if used wisely and if not used wisely, it can give so much of a head ache. So the knack is to use the...

Can we compare credit cards?

When it comes to credit cards, one should be choosing it very wisely as there are umpteen numbers of credit cards on offer by various financ...

Finacial Control

Even though the plastic money has lot of advantages, credit cards are one of the dreaded financial instruments as far as consumers are conce...

Interest rate on credit cards to increase to 49%

Banks can now charge an annual interest rate of up to 49% from credit card customers for late payment (revolving credit). Earlier it was cap...

Financial Products Information

Information is of highest value in the world of finance, especially when we have an umpteen number of finance related products and services ...

Credit card and effective interest rate

Suppose you own a credit card that charges an interest rate of 3.1% per month for revolving credit. What would be the yearly interest rate y...