Learn about working of credit cards

Best credit card to earn kris flyer miles in IndiaKrisFlyer is a frequent flyer program by Singapore airlines. Singapore Airlines has tied up with various card issuers so that the Reward Points earned on partner card issuer’s credit cards can be converted into KrisFlyer Miles. KrisFlyer Miles can be redeemed on Singapore Airlines’ own services and partner airlines which include all Star Alliance members, Virgin Australia, Virgin Atlantic, and a number of hotel chains and car-hire companies.Singapore Airlines’ partner card issuers in India include HDFC Bank, Citi Bank, American Express and HSBC Bank.&nbsp;To know more about best credit cards for earning kris flyer miles, visit:&nbsp;<a href="https://issuu.com/kartik745/docs/best_credit_cards_to_earn_krisflyer_miles_in_india" rel="noopener noreferrer" target="_blank">https://issuu.com/kartik745/docs/best_credit_cards_to_earn_krisflyer_miles_in_india</a>In this article, we’ve covered those credit cards by these card issuers that offer some of the highest reward rates on conversion of Reward Points into KrisFlyer Miles.1. HDFC Bank INFINIA Credit Card Metal EditionInfinia Credit Card earns you 5 Reward Points for every Rs. 150 spent which can be converted into AirMiles via net banking on one of partner airlines’ loyalty programs. Since Singapore Airlines is one of HDFC’s partners, you can convert the Reward Points earned on your HDFC Infinia Credit Card into KrisFlyer Miles. 100 Reward Points = 100 KrisFlyer Miles (1:1 conversion ratio), making the effective reward rate of HDFC Infinia Credit Card 3.3% (if Reward Points are redeemed against Air Miles).2. HDFC Bank Diners Club Black Credit CardThe Diners Club Black Credit Card by HDFC Bank is the second most premium offering by the bank after the Infinia Card. Unlike Infinia, although Diners Club Black Card is not invite-only, it does, however, come with quite strict eligibility criteria (minimum gross monthly income of Rs. 1.75 lakh) and a membership fee of Rs. 10,000 per annum.The reward rate of both Infinia and Diners Club Black Credit Cards is the same (5 Reward Points per Rs. 100 spent). The Reward Points earned can be converted into KrisFlyers Miles via net banking. 100 RP = 100 KrisFlyer Miles (conversion ratio 1:1). Thus the effective reward rate of Diners Club Black Credit Card also becomes 3.33% (same as Infinia).

Best credit card to earn kris flyer miles in India

Best health and wellness Credit cardsThe COVID-19 pandemic has proved yet again that emergencies can occur at any time. Thus, having a health and wellness credit card can help you be prepared for such emergencies. Credit cards not only help with your finances but also offer additional benefits that can help you stay healthy during the pandemic and after.&nbsp;To know more about Health and wellness credit cards, visit <a href="https://issuu.com/kartik745/docs/best_health_and_wellness_credit_cards_in_india_3_" rel="noopener noreferrer" target="_blank">https://issuu.com/kartik745/docs/best_health_and_wellness_credit_cards_in_india_3_</a>Due to this, various banks and credit card companies have joined forces with various brands to offer co-branded health and wellness credit cards. Partnering up with companies such as Practo and Apollo, these credit cards come with a wide range of benefits for cardholders such as discounts on annual doctor checkups, complimentary fitness sessions, free video consultations with doctors, and more.&nbsp;<h2>Top Health and Wellness Credit Cards in India</h2><ul><li>Yes Bank Wellness Credit Card offers 6 free fitness sessions, a Complimentary annual health check-ups, 20 reward points for every Rs 200 spent at pharmaceutical stores or chemists, and 4 reward points for every Rs 200 spent on other category expenses.</li><li>Yes Bank Wellness Plus Credit Card offers Complimentary annual health check-ups, Complimentary annual dental and eye check-ups, Unlimited consultations with general practitioners, and nutritionists, 12 free fitness sessions, Upto 30 reward points for every Rs.200 spent at chemist or pharmaceutical stores, Domestic lounge access, On death due to a flight accident, get a life insurance cover up to Rs.1 crore.</li><li>Apollo SBI card offers Complimentary OneApollo Gold Tier membership, 3X accelerated rewards for every Rs.100 that you spend on Apollo services, Fuel surcharge waiver.</li></ul>&nbsp;&nbsp;&nbsp;

Best health and wellness Credit cards

Best Business credit cards in IndiaA business credit card is a card specifically designed for business expenses rather than for an individual’s personal use. Business credit cards help businesses and corporates in streamlining their expenses and avail several business-specific benefits. A number of banks are offering business credit cards with multiple advantages. To get more information regarding India’s best business credit cards, click here:<a href=" https://www.edocr.com/v/k3o0qmrk/Cardinsider/top-best-business-credit-cards-in-india" rel="noopener noreferrer" target="_blank"> https://www.edocr.com/v/k3o0qmrk/Cardinsider/top-best-business-credit-cards-in-india</a> Here we have listed some of the credit cards for business units that would help you choose the ideal card as per your requirement: <h3>SBI Platinum Corporate Credit Card</h3><h3>HDFC Business MoneyBack Credit Card</h3><h3>Axis My Business Credit Card</h3><h3>Citibank Corporate Credit Card</h3><h3>Kotak Corporate Credit Card</h3><h3>Standard Chartered Business Gold Credit Card</h3> Having a business card is always a plus point for your business as it helps in building a good credit history, It gives you access to credit and Access to other financial products and services. The most common people ask is it’s hard to get a business credit card? But the reality is that you generally cannot get an unsecured business credit card without personal credit. Most issuers would require good or excellent credit. But if you’re starting with no credit, you might have to start with a personal card, build your score and then apply for a business credit card.

Best Business credit cards in India

Taj InnerCircle refers to the loyalty programme offered by The Indian Hotels Company Limited. IHCL owns and operates various hotels in India and overseas. The program covers more than 80 hotels in India and more than 15 hotels worldwide. The program is available in four tiers – Copper, Silver, Gold and Platinum. To know more about T I C program and related credit cards, visit <a href="https://ello.co/cardinsider/post/_tsr_zwi0jm27z5j5ndluq&nbsp;" rel="noopener noreferrer" target="_blank">https://ello.co/cardinsider/post/_tsr_zwi0jm27z5j5ndluq&nbsp;</a>&nbsp; The following credit cards come with Taj Inner Circle membership:<ol><li>ICICI Bank Diamant Credit Card – Includes Taj InnerCircle (Gold) and Taj Epicure Plus</li><li>Citi Prestige Credit Card – Epicure Plan and Inner Circle Silver</li><li>Yes First Exclusive Credit Card – Taj InnerCircle Epicure Membership</li><li>American Express Platinum Corporate Credit Card – Taj InnerCircle Silver Membership</li></ol>Following are some perks of the T I C : Discount on Dining and Spa<ul><li>25% value back as points on dining and spa</li><li>Valid across participating restaurants, bars and spas</li><li>Happy hours from 6 pm-8 pm at participating bars (up to a group size of 10 people)</li></ul> Vouchers<ul><li>2 room upgrade vouchers</li><li>50% back of the bill amount in the form of points on your first 3 dining transactions</li></ul> Complimentary Night<ul><li>&nbsp;Complimentary night stay&nbsp;</li></ul> Taj InnerCircle Silver Tier<ul><li>&nbsp;Directly get Silver Tier status</li></ul> The financial value and capability vary from one individual to another, depending on whether one would stay at Taj during the year and how much one would like to spend on dining, bars, spas etc. Also, there are many high-value qualitative perks associated with the membership including room upgrades, late checkout, early check-in and more. More importantly, you must consider how you would use these premium benefits before opting for it.

best taj InnerCircle Points & Taj Epicure Membership credit cards

Typically, leaving your credit card accounts open is the best option, even if you’re not using them. However, there are a few valid reasons for deciding to close an account. Read on to learn what they are—and to get details on how to cancel a card the right way. Learn more about this topic at&nbsp;<a href="https://creditcardmentor.blogspot.com/2022/08/Does-Canceling-Credit-Cards-Affect-Your-Credit-Score.html" rel="noopener noreferrer" target="_blank">https://creditcardmentor.blogspot.com/2022/08/Does-Canceling-Credit-Cards-Affect-Your-Credit-Score.html</a> Closing a credit card account is sometimes necessary, despite advice against doing so.A credit card can be canceled without harming your credit score⁠; just remember that paying down credit card balances first&nbsp;is key.Closing a charge card won't affect your credit history&nbsp; If your card issuer charges you a high annual fee for an account you don’t use, cancellation might be warranted. However, if you receive benefits from the account that outweigh the annual fee, such as travel credits and perks, it might be worth the cost. Your credit score might be hurt if closing the card changes your credit utilization ratio. Credit utilization measures how much of your total available credit is being used, based on your credit reports. The more available credit you use the worse the impact will be on your score. Aim for a ratio of around 30%.

Does Canceling Credit Cards Affect Your Credit Score?

Do you get stuck in paying interest on credit card transactions? if so, the interest-free period could be your new best friend. as a credit card user, you may know that there is an interest-free period on your card. it might not be offered by all the banks, but most of them provide a grace period of 45-50 days. this grace period can be used wisely to avoid paying interest, and other credit card charges.&nbsp;&nbsp; Click on the link to know more:&nbsp;<a href="https://www.klusster.com/portfolios/karan-negi/contents/336747" rel="noopener noreferrer" target="_blank">https://www.klusster.com/portfolios/karan-negi/contents/336747</a> Plan your transactionsif your credit card billing date is 5th march to 6th April, you should make your credit card payments at the start of the billing date. making a transaction on the 6th of March would give you 50 days of grace period until you have to pay back the whole amount. if you shop in the middle of the month, for instance, on the 20th March, you would only have 35 days until the payment due date. managing your transactions by planning it according to your due date, allows you to enjoy maximum credit card benefits from the grace period.&nbsp; Pay your outstanding balanceto benefit from the interest-free period, you have to pay the entire outstanding amount before or on the payment due date. if any amount from the previous month gets carried forward to the next billing cycle, you will be paying the interest on the remaining amount.&nbsp; tip: make your credit card bill payments online. it could happen that you submit a cheque to pay off your outstanding balance, but it doesn’t get credited to the bank for some reason. you would be stuck with paying interest because you chose to pay via cheque. online alternatives such as internet banking, and mobile banking could make the payment process less worrisome.&nbsp; Avoid cash paymentnot many credit card users are aware of the fact that the interest-free period is not available on cash payments. banks also charge you for withdrawing cash from your card which is called cash processing fee. this fee will be levied even during the grace period, and that’s why cash payments should be avoided if you want to avoid paying the interest.&nbsp;

 How to use credit card interest-free period wisely: a step-by-step guide

Credit and debit cards come in plenty colours and each has a special feature attached to it. Right from the basic cards to the premium cards that charge a hefty annual fee.&nbsp; Credit and debit cards come in plenty colours and each has a special feature attached to it. Right from the basic cards to the premium cards that charge a hefty annual fee. However, there is a new symbol that can be found on credit and debit cards these days which looks like the symbol that denotes WiFi, just in the horizontal position.&nbsp; Click on the link to know more about the What Do All the Symbols / Numbers On Your Credit Card Mean :-&nbsp;<a href="https://anynote.co/post/40325_in-this-post-you-will-get-information-about-what-do-all-the-symbols-numbers-on-y.html" rel="noopener noreferrer" target="_blank">https://anynote.co/post/40325_in-this-post-you-will-get-information-about-what-do-all-the-symbols-numbers-on-y.html</a> If you have this symbol on your card, it means your credit or debit card has the contactless feature and can be tapped to pay. Contactless cards don't necessarily need to be swiped to make a transaction. These cards come with Near Field Communication (NFC) chip that allows short-range data transfer without the need to touch the point of sale (PoS) device. As per Visa's official website, "Contactless payments use short-range wireless technology to make secure payments between a contactless card or payment-enabled device and a contactless-enabled checkout terminal. When you tap your card on a PoS machine with contactless symbol, your payment is sent for authorization." Visa claims a contactless card works when it is within 4cm of the PoS and that the contactless payment terminal can only process one transaction at a time.&nbsp; This payment technology is growing in developed countries. According to a report by Independent, one in every four card payments has been done using a tap to pay card. Visa claims, apart from US, over half of retailers in countries like Australia, Canada, UK and France accept contactless cards. In India, the trend has been catching up and many supermarkets have started using PoS machines with the tap to pay symbol. Benefits<ul><li>Using tap to pay is quicker than the usual card swipe</li><li>Don't need to give your card away</li><li>No need to punch-in PIN for amounts up to Rs 2000</li><li>Leaves a digital trail of expenditure</li></ul> DangersWhile most banking facilities promote it as safe, instances of theft have been reported. In 2016, an image went viral on the internet where a man was holding a PoS in a crowded train.Major banking brands claim that the method is secure as the card needs to be very close to the payment machine. However, in a crowded train that won't be a problem for a digital pickpocket.However, it is highly unlikely that a KYC compliant merchant will use his/her PoS terminal to conduct a fraudulent transaction. Since it can be traced easily.

What Do All the Symbols / Numbers On Your Credit Card Mean?

As a user of credit cards or other banking products, your ability to issue a chargeback is one of the most important tools you have to resolve billing disputes and undo fraud. But the term may be foreign to you if you've never had to do it. Here's what you need to know.&nbsp; Click on the link to know more about credit card chargeback:&nbsp;<a href="https://anynote.co/post/40894_in-this-post-you-will-know-about-credit-card-chargeback-in-a-simple-way-chargeba.html" rel="noopener noreferrer" target="_blank">https://anynote.co/post/40894_in-this-post-you-will-know-about-credit-card-chargeback-in-a-simple-way-chargeba.html</a> What Is a Chargeback?A chargeback is an action taken by a bank to reverse electronic payments. It involves reversing a payment and triggering a dispute resolution process. Generally, chargebacks occur between a merchant and a credit card issuing bank or a consumer. However chargebacks are sometimes issued against consumers, for example in the case of an erroneous ATM deposit. Usually chargebacks are used to reverse a payment in the case of a billing error, unauthorized credit card use or failure to deliver a product or service.Often this term is used by savvy credit card issuers to refer to the entire process of disputing a credit card charge, receiving an account credit and having the disputed amount taken back from the merchant. When Should You Use a Chargeback?The Federal Trade Commission and other regulatory bodies mandate a fair amount of protection to consumers using credit cards. Among other protections, you have the right to accurate billing, protection from unauthorized charges and the right to dispute charges for goods or services that are different than described. In addition to regulatory protections, your bank, credit card issuer or card association may provide you with additional rights. Most often, chargebacks are issued for one of the following reasons:<ul><li>Fraud or unauthorized use—Someone uses your card without your authorization to purchase goods or services.</li><li>Goods or services were not as described—Goods or services provided were materially different than they were described or agreed to.</li><li>Goods or services not delivered—You paid for something, but never received it or you paid for a service that was never provided.</li><li>Return credit not processed—You returned an item or canceled a service within a merchant's return policy and never received credit for the return.</li><li>A recurring billing was not stopped—A subscription service continued to be billed after you canceled it.</li><li>Incorrect amount—The amount charged was incorrect.</li></ul>Generally, chargeback abilities are limited to 120 days from the date of purchase and are not meant as a way to protect against loss, damage or theft after a product has been delivered or as an extended return protection or warranty benefit.&nbsp; How Do You Submit a Chargeback?To dispute a charge and submit a chargeback, you must identify the transaction in question and work with your credit card issuer to initiate the process. Regardless of how you initiate your chargeback request, your bank will walk you through providing the information they require.&nbsp;

What Is A Credit Card Chargeback?

A credit card with an annual fee is worth it because it offers higher rewards and if you can make the best usage to get those benefits. But sometimes, credit cards with zero joining or annual fees would be better in terms of long-term value. Even if these cards do not offer much in terms of rewards or cashback, you can keep them open without any cost and improve your credit score. Here we have listed the best lifetime free credit cards in India.Click on the link to know about the best lifetime free credit cards in india:&nbsp;<a href="https://www.edocr.com/v/og3knveo/Cardinsider/lifetime-free-credit-cards-in-india-2022" rel="noopener noreferrer" target="_blank">https://www.edocr.com/v/og3knveo/Cardinsider/lifetime-free-credit-cards-in-india-2022</a>Amazon Pay ICICI Credit Card:Best Suited For<ul><li>Co-branded Benefits</li><li>5% cashback on Amazon spends for Amazon Prime members</li><li>1% cashback on all other expenses</li></ul>IDFC First Select Credit Card:Best Suited For<ul><li>Rewards and Online Shopping</li><li>10X reward points on incremental spends of above Rs. 20,000 per month and spends done on your birthday</li><li>6X &amp; 3X reward points on online &amp; in-store spends, respectively*</li></ul>HSBC Visa Platinum Credit Card:Best Suited For<ul><li>Movies and Rewards</li><li>5X reward points on subsequent purchases made after spending Rs. 4 lakh or more in a year*</li><li>2 reward points on every Rs. 150 spent</li></ul>Bank of Baroda Prime Credit Card:Best Suited For<ul><li>Cashback</li><li>1% cashback on all your spends, i.e., 4 reward points (Equal to Re. 1 on redemption) for every Rs. 100 spent</li></ul>RBL Insignia Preferred Banking World Credit Card:Best Suited For<ul><li>Premium Privileges</li><li>5 reward points for every Rs. 100 spent on domestic transactions</li><li>10 reward points for every Rs. 100 spent on international transactions</li></ul>Kotak Fortune Gold Credit Card:Best Suited For<ul><li>Interest-free Cash Withdrawal</li><li>Cashback of Rs. 750 or 4 free PVR tickets on spending Rs. 1.5 lakh in a year</li></ul>

Best Lifetime Free Credit Cards in India.

Bank of Baroda offers a variety of financial products to its customers, which includes credit cards, debit cards, loans, deposits, etc. The bank provides various credit cards that have attractive features and benefits to offer and are accepted by merchants and ATMs globally.&nbsp;Click on the link to know more about Reasons Why Should You Get Bank Of Baroda Credit Cards:&nbsp;<a href="https://cardinsider.blogspot.com/2022/07/-Reasons-why-should-you-get-Bank-of-Baroda-credit-cards.html" rel="noopener noreferrer" target="_blank">https://cardinsider.blogspot.com/2022/07/-Reasons-why-should-you-get-Bank-of-Baroda-credit-cards.html</a> Top Bank of Baroda Credit Cards in 2022.<ul><li>BOB Prime Credit Card.</li><li>BOB ICAI Exclusive Credit Card.</li><li>BOB ICSI Diamond Credit Card.</li><li>BOB CMA One Credit Card.</li><li>BOB Assure Credit Card.</li><li>BOB Titanium Master Credit Card.</li><li>BOBCARD Easy Credit Card.</li></ul> Bank of Baroda, established in the year 1908, is a leading bank in India. It is one of the largest public sector banks in the country, providing banking solutions to people all over the world. It has over 5000 branches with its headquarters present in Vadodara, Gujarat. Features and Benefits of BOB Credit Cards&nbsp;Bank of Baroda Prime Credit CardKey Highlights: BOB Prime Credit Card allows you to earn cashback every time you swipe your credit card.<ul><li>Joining Fee: NIL</li><li>Annual Fee: NIL</li></ul> Features and Benefits:Guaranteed issuance against fixed deposit of 15,000 or more without any income proof.<ul><li>1% cashback on all spends.</li><li>Fuel Surcharge Waiver</li><li>Zero first year and annual fees.&nbsp;</li></ul> Bank of Baroda ICAI Exclusive Credit CardKey Highlights: BOB ICAI Exclusive Credit Card allows you, as a member for the ICAI to earn reward points every time you spend with your credit card.<ul><li>Joining Fee: NIL</li><li>Annual Fee: NIL</li></ul> Features and Benefits:<ul><li>You will get 5 reward points for every Rs.100 that you spend on online, utility bills, and dining.</li><li>You can get up to 3 free add-on cards.</li><li>You can get a 1% waiver on fuel surcharge at all petrol stations across the country.&nbsp;</li></ul>

Reasons Why Should You Get Bank Of Baroda Credit Cards.

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