Category Archives: Credit Cards Posts

Nokia plans to do away with mobile money biz in India

May 10, 2012   Sandra Bino   No comments

Mobile handset major, Nokia which had ventured enthusiastically into the mobile money business in India is now said to have decided to retract its steps in the field.

“The mobile financial services business is not core to Nokia so we plan to exit the business,” said a spokesman for the company. The company still aims to continue staying focussed on its handset business.

Venturing into financial services domain has been a prime attraction for telecom service providers. Nokia also had taken steps on the same note and come up with mobile money services in India late last year.

Tags: India, Mobile Money
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The Disney Premier Visa Card from Chase

May 09, 2012   Sandra Bino   No comments

How This Card Works

Advantages

Compared to the standard Disney Rewards card, this product offers superior value in that there are many categories of spending that earn double rewards. These bonus spending categories are broad enough that the additional rewards earned can easily offset the $49 annual fee that is exclusive to the Premier version of this card.

Disadvantages

As with the standard version of this card, these products only make sense for dedicated Disney customers who can assure themselves that they will be making Disney purchases, or other airfare purchases in excess of their anticipated rewards.

Tags: Card, Card Chase
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Kisan Credit Card to also serve as an ATM card

April 05, 2012   Sandra Bino   No comments

The Kisan Credit Card is set to undergo some modifications. It may soon serve as an ATM card for the farmer; it would allow them to withdrawn money easily.

The chairman of NABARD, Mr. Prakash Bakshi said, “A report of a similar pilot project in Tamil Nadu has been submitted to the central government. It would eventually dispense with ‘business correspondent’ who are entrusted disbursement of the money to KCC beneficiaries.”

The new scheme may be implemented from the new fiscal year. The scheme will ensure swift availability of credit for the farmers.

Tags: Atm Card, Card, Credit Card, Kisan Credit Card
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The Benefits and Drawbacks of Having a Credit Card with an Annual Fee

March 28, 2012   Sandra Bino   No comments

 Advantages of Credit Cards With Annual Fees

The Drawbacks of Annual Fees

While it is possible to justify the annual fee of a particular card based on the expected rewards earned, these calculations are not scalable. When cardholders receive too many cards with annual fees, they become less likely to reach the spending levels required to justify the annual fee of each card.

Tags: Annual Fee, Credit Card, Fee
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Wal-Mart, Target, and Home Depot Take Aim at the Big Banks

March 19, 2012   Sandra Bino   No comments

In most settings, be it an Occupy rally, a Tea Party rally, or even a stock market rally, the mention of one of the big banks’ names is likely to draw looks that could kill. After nearly destroying the financial system a few years back, they haven’t done much to endear themselves to the American public.

In fact, their stop-at-nothing quest for profits has cast them in an even darker light than ever before. People simply don’t trust their banks anymore. But,

Tags: Banks, Big Banks
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Co-branded credit card launched by Karur Vysya Bank with SBI cards

February 29, 2012   Sandra Bino   No comments

Karur Vysya Bank has formed a consortium with SBI cards and has launched a co-braded credit card. The card will have two variants – Gold and Platinum.

To ensure security, the credit cards will have a chip and also a magnetic strip. As a joining benefit, customers will get an apparel voucher worth Rs. 3,000. Cards holders will also be offered access to airport lounges and fuel surcharge waiver.

Customers can also earn cash points against every Rs. 100 spent through the card.

Tags: Cards, Karur Vysya Bank, Sbi Cards, Vysya Bank
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Jun 1, Apply For Gas Credit Cards – What You Should Know

February 03, 2012   Sandra Bino   No comments

There are some things you should know before you apply for gas credit cards. Gas company credit accounts are easier to qualify for than a standard Visa or MasterCard through a large lending institution.

If you have not yet established much credit with the credit rating agencies, the gas card may be a good place to start. However, if the company issuing the credit account does not report regularly to credit bureaus it may not help build credit to use such cards.

Some gas credit cards can save you money on your fuel purchases. Major gas retailers often give 3-5% discount for those who purchase fuel with their company’s credit card. T

Tags: Credit Cards, Gas Credit Cards, Know, Should Know
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No retraction system in the ATMs

January 15, 2012   Sandra Bino   No comments

The Reserve Bank of India has acceded to the proposal by National Payments Corporation of India regarding removal of cash retraction system from ATMs.

The retraction system enables the machine to engulf the withdrawn currency by the customer, if it is not removed within a certain time period.

However, several complaints have been reported where people held some notes outside and when the machine has sucked in the currency they would claim for a refund. The decision is taken in the light to avoid any such instances from occurring.

The Executive Director of RBI, Mr. G. Padmanabhan said, “Of course due notice will be given to all customers.

Tags: Atms, Retraction System
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