India Credit Card Help Guide

Credit Card Help Guide

Vijaya Bank Launches V-Platinum, V-Privilege Credit Cards

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Vijaya Bank V-Platinum Credit CardState Owned Vijaya Bank just a while ago announced the launch of two new types of Credit Cards for its Banking Customers – V-Platinum and V-Privilege Credit Cards.

Features of Vijaya Bank’s V-Platinum Credit Card
This card is intended for HNI customers of the Bank. Minimum Credit Limit will be Rs 200,000 with no maximum pre-set spending limit. The card will be issued based on net-worthiness and Income of the Customer. Minimum Bill Payment will be 25% of the outstanding. The bank is planning to issue 10,000 of these cards.

Vijaya Bank currently has 100,000 Credit Card

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Want Car Loan ? Have Good Credit Score – Bankers Relying on CIBIL Report

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Car Loans - CIBIL Inquiry IndiaAuto Loans in India are on rise in the past 3 years and the demand is especially coming from smaller cities. After the 2008 Crisis, Banks have tightened their lending norms towards unsecured loans – Credit Cards & Personal Loans and even for Auto Loans they are increasingly relying on Credit Reports ans Scores from all the Three bureaus – CIBIL-Transunion, Experian and Equifax.

Approximately 20% of the inquiries in the last few years have been for new Auto Loans at CIBIL. Delhi NCR alone contributes 35% of the Inquiries in

Read moreWant Car Loan ? Have Good Credit Score – Bankers Relying on CIBIL Report

How To Convert Kotak Credit Card Puchases into EMI ?

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Kotak Cards Conversion to EMIHave you recently Bought an Expensive Home Furnishing Item like a Leather Sofa Set or an Internet Smart TV on your Kotak Credit Card and worried to Pay the Bill ? Following into the footsteps of Market Leader in Credit Cards, HDFC, everybody is offering an option to convert High Value Purchases into EMI. Here is a Step-By-Step Guide on How to Convert your Kotak Credit Card Purchases into EMIs, the cost of servicing the EMI without negatively impacting your CIBIL Credit Report and Score.

What are the Terms & Conditions for Converting Purchases into EMI on Kotak Cards ?

Citicard – Payment Defaulted, Account Blocked, then Regularized – Impact on CIBIL Score

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Default Payment on Citicard - Later RegularisedIt is not uncommon for the Indian Youth to opt for a Credit Card as soon as they join the workforce and without realizing the consequences they head towards debt trap. Here is a Case which CardBhai’s Team Counseled and with Prior Written Permission of the Client we are publishing his Case Study so that this will help other Credit Card Borrowers / Defaulters understand the impact on Credit Scores.

Raj had a Citibank Credit Card account opened in May-2006. He made regular payments until Oct-2006 and then began to delay which immediately starts getting reflected in his CIBIL Credit Report. He tried his best to regularize his payments but on and off and was negotiating with the bank’s call center executives already for EMIs etc. However, matter became worse and in Aug-07 and Citibank finally decided to BLOCK the Card A/C. Summary of his First leg of Transactions and Payments as reflected in CIBIL Credit Report is Shown below.

Read moreCiticard – Payment Defaulted, Account Blocked, then Regularized – Impact on CIBIL Score

How Indians Can Now Order Equifax Credit Information Report on Demand ?

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How to Order Equifax Credit Report in IndiaIn August 2009, CIBIL along with Transunion announced the availability of Credit Information Report for Indian Citizens making it the first Bureau in India to release reports. A Year Later in August 2010, Experian entered the Indian market and started releasing consumer credit information reports on demand. And in Nov-2012, Equifax the last of the Big 3 Credit bureaus of the World opened its Operations in India.

As an exclusive offer for readers of CardBhai.Com, we are facilitating you to order Equifax Credit Information Report on demand.

How to Get Equifax Credit Information Report in India ?

  1. Download and Print the

    Read moreHow Indians Can Now Order Equifax Credit Information Report on Demand ?

RBI Rehauls Debit Cards in India – Easy to Issue, More Security Features

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RBI for More Secured Debit Cards in IndiaThe Indian Banking Regulator, RBI issued a notification which overhauls the Debit Card Practices of the Bank. RBI has made it mandatory that Debit Cards be issued only against Savings / Current Accounts and not against Cash Credit, Loan or Overdraft Accounts. It has further exempt banks from obtaining permission from the RBI for issuing co-branded Debit Cards in order to expedite the entire process and Banks can go ahead with the permission of their Board of Management.

Online Vs Offline Debit Cards in India
Online Debit Cards are the cards issued against your money being deposited in bank Accounts so that upon transaction their is a direct debit to the account. Offline Debit Cards are issued against your CC / OD accounts where interest rates are much lower than Credit Cards. RBI has asked all the banks

Read moreRBI Rehauls Debit Cards in India – Easy to Issue, More Security Features