Written by Blake Teen on September 23, 2011.
NEW DELHI: Standard Chartered Bank on Monday launched Approval-in-Principle (AIP) for customers applying for credit cards online.
It will enable customers to get an instant approval in-principle decision on his or her credit card application, StanChart said in a statement.
Applications which are approved in-principle have a higher probability of eventually getting a card subject to the bank’s verification of details shared and documentation completion, including collection of KYC and income-proof documents, it said.
The service is currently available for customers applying for a credit card online and will subsequently be introduced at the physical branches and partner retail outlets, it said.
Written by Oliver Laker on August 26, 2011.
Aussies travelling internally on business flights are facing heftier bills on their credit cards as a result of the rising cost of air travel.
The American Express Business Travel Monitor revealed that the cost of business class flights increased by 12 per cent in the second three-month period of 2011.
Carl Jones, head of American Express advisory services for the Asia Pacific region, commented: “The major airlines are competing vigorously for business travel spending but they arent doing it by getting into a price war.”
Business travellers were not the only ones left struggling to pay higher fees, as those taking trips in economy class also faced a nine per cent rise in the amount they had to pay.
Mr Jones asserted that the aviation industry in Australia is particularly strong at the moment because of the “booming resources sector”.
This comes after Jackie Pearson, managing editor of YourMoney Magazine, urged consumers to compare credit cards to ensure they got one that was suited to their requirements.
Written by Tim Peak on August 25, 2011.
According to recent reports there are many borrowers in Britain who are now raiding their savings accounts in a bid to try and clear some of their credit card debt. Many struggling consumers are now so overstretched with their finances that they are having to dip into savings, often money that has been put aside for emergencies, to try and clear credit card debt that has accrued over the past couple of years in order to try and lighten the burden of debt.
It is thought that nearly five million people have managed to get out of credit card debt in the past twelve months, many of whom have raided their savings in order to repay the debt.
Read Full Text…
Written by Oliver Laker on June 30, 2011.
Issuance of free credit cards is a risky affair. According to MD and CFO of State Bank of India, Mr Diwakar Gupta, the credit cards should be issued against a fee so that the cardholders only belong to the segment which values the card.
“Don’t push (free) cards for the sake of increasing numbers,” he said.
Gupta said so while speaking at the launch of the cobranded card by SBI and Bank of Maharashtra.
Mr A.S. Bhattacharya, CMD, BoM said, “We are happy that our bank is partnering with one of the largest credit-card issuers in the country. This strategic tie-up gives us the perfect platform to create a new benchmark in the credit-card industry.”
Written by Blake Teen on June 29, 2011.
Using Unsecured Bad Credit Cards to Your Advantage
Unsecured bad credit credit cards are one of the most common financial assistance that individuals with bad credit consider to help them recover from bad financial situation. However, simply using unsecured bad credit cards for bad credit won’t make it happen. A person must take specific actions to effectively recuperate from bad credit.
If you are thinking of applying for this type of credit card to rebuild your credit at the soonest time possible, take note of the following tips:
1. Pay your credit bills on time
Rebuilding your credit score through unsecured bad credit cards requires you to prove to your credit company that you are a responsible payer and the best way to do this is to pay for your credit bills on or before its due date. If
Read Full Text…