Visa Signature - Free Airport Transit by Hertz

There is Good News for VISA Signature Card Holders. The next time you are flying on your business trip on Domestic Route or International route, just use your VISA Signature card to book the flight tickets on travelocity.co.in and get a FREE One-way Pick-Up and Drop By Hertz Rental car.

Visa Signature is a Super-Premium card offered to High Level Executives or Businessman who fall under the HNI category [Who maintain a bank balance of at least Rs 10 mn].

In India, ICICI and HDFC offer Visa Signature Cards.

Tags: VISA Card, India Credit Card

No Credit for Troubled Sector Employees

Banks and Financial Institutions are rejecting Credit Card applications from employees of troubled sectors such as - Airlines, Broking and Finance Houses, Real Estate and lastly startup companies.

HSBC has tightened lending by means of Credit Cards and Personal Loans. The banks official said,

HSBC monitors and reviews the policies governing its lending business and the risk factors that relate to its various products as a matter of routine, regularly

Well, this policy is certainly wrong, but in absence of credit bureaus and individual credit history, we have to second the bank's decision on how and to whom they extend credit.

Citibank + Travelguru - Earn Rewards on Travel

Citibank in association with Travelguru has launched Citibank Travel Rewards which will Citi's customers earn travel reward points and discount on hotels and holiday packages.

Mr. Sandip Bhalla of Citibank said,

With rising levels of disposable incomes, leisure travel has been on the rise in India. This is why Citibank has designed an exclusive programme with Travelguru.

Not quite a good time to travel, atleast not on credit when the Global Economy is still facing lot of uncertainty.

Credit Purchases Rise - Festive Season

This festive season, banks and financial institutions have a reason to be worried as many Indians opted to pay for their festive shopping by means of Credit Cards. The number of transactions by means of plastic money went up by 20% this festive season in absence of other financing modes like persona loans or white goods consumer loans provided by Citi / GE Money.

R.L.Prasad of Standard Chartered said,

Cards usage typically grows during the festive season starting from September. It is important to constantly monitor spends and take appropriate action to prevent defaults.

ICICI Bank the largest issuer of credit cards said that it was not worried since it was catering to existing customers with good credit history. What a Joke ?

Rising interest rates and double digit inflation has left lower disposable income in the hands of Indian consumer which has made them to go the Credit Card route. Also people wouldn't want to part with their cash reserve nest in uncertain times.

Future Group [Pantaloon, Central Mall, Big Bazaar etc] and Spencers retail have confirmed the higher usage of plastic money at their stores during this festive season.