Credit cards: the plastic friends that make your life easy

From a young age, we are taught about the importance of saving money. How we must invest wisely, and develop disciplined spending habits. If you can inculcate this discipline in managing your spending, you will find that your credit card can be your best friend. It can aid you in times of financial crises and unforeseen circumstances. They also allow you to indulge when you are tempted to buy something. The key however, is to pay off your debts within time. Here are the some advantages you can reap if you use your credit cards responsibly.

Benefit from the rewards programs: There are several types of credit cards that offer great reward programs. The smart thing to do is to choose a credit card that offers benefits that you could actually utilize. You can redeem your reward points on booking flights, shopping and several other things. In fact, if you have additional points, you can also utilize them to pay your annual credit card fees.
Get frequent flyer miles: If your life-style involves travelling for days on end and spending hours at airport lounges, you could consider buying a frequent flyer credit card. Every time you make a purchase, you earn points, which you can in turn use to purchase flight tickets, lounge accesses and concierge services. What’s more you can also use your points to upgrade from economy to business or
first class.

Cashback offers: While reward cards earn you points on the money spent, cashback cards pay a percentage of your money back into your account. Cashback cards are the best credit cards in India, designed to save your money on monthly expenses with amounts depending upon the credit card’s cashback policy. You can get anywhere between 1% to 10% cashback with the right card, depending on where you shop.

No need to worry about currencies: No matter what part of the world you are in, with your credit card, you can make purchases in any currency across the world. While some types of credit cards charge a relatively minor currency exchange fee, a few of them waive of the charge altogether. Travel credit cards are ideal for spending money abroad. You can also set authorizations on your card as per your comfort.

Fraud Protection: In a world of scamming and phishing occurrences online, most credit-cards have stepped up to provide fraud protection to their customers. Cards with fraud protection services cover security and keep your money safe from any fraudulent purchases. If your card has been fraudulently used, you must report to your creditor within a stipulated time. You will not be charged for the transaction and new card would be sorted for you soon.

Get complimentary insurances: One major reason to consider purchasing a credit card is for the insurance and protection it offers. Most credit cards offer insurances on various things like rental cars, purchase protection, warranty extensions, as well as travel insurance to the tunes of 2-10 lakhs or more. Credit cards offering travel insurance rank among the best credit cards in India.

Forex cards – uses and benefits

If you’ve travelled abroad on a business or pleasure trip, you would know the importance of carrying money. And while you can travel with your cash, debit card or credit card, there is one option; far more fitting than any other form of money you could carry. This is the forex card; one of the most convenient travel cards to have on your person on your exploits abroad.

So what exactly is the forex card?

Simply put, a forex card is like your bank’s debit card. It holds your money and allows you to make electronic transfers when travelling abroad. You can use the card for purchases and payments and withdraw money from ATMs abroad. You can choose between single currency cards or multi-currency cards, and load and store currencies from 18 countries.

Purchasing and loading your forex card

The Forex card is a prepaid card that you can purchase from any Indian bank offering it. Let’s say you buy forex card from HDFC Bank; you must then load it with the currency you intend to use. If you are travelling to Europe with the intention to visit the UK, France and Switzerland, you must purchase a multi-currency card and load it with Pounds, Euros and Swiss Francs.

Using your forex card abroad

All you need to do is to swipe the card at a PoS terminal, and the card will detect which country you are in. The payment will go through according to the pre-loaded currency of the country in which you make the purchase. If the balance on your card runs out, you can reload it anytime, online. You can also use your forex card online for transactions on web-shopping.

Advantages of the forex card

You get better exchange rates: You can load foreign currencies for a much better rate than the money you spend on purchasing foreign currency in cash because it is a cheaper option for banks. Instead of paying ₹2 per euro, you may end up spending only about 0.75 paise.

Foreign currency rates are locked in: You don’t have to worry about currency rates fluctuating with forex cards as they are loaded at a locked-in exchange rate. If you load £1000, you on your forex card, it will remain £1000 regardless of fluctuation in the INR-GBP (Great Britain Pound) rates.

Forex cards eliminate risks: Your pre-paid forex cards are not linked to your bank accounts, eliminating all risks for fraudulence.  Also, if the card gets stolen, you can block it immediately and have your balance frozen.

You needn’t pay transaction charges: While you may end up spending exorbitant exchange rates on purchases on your debit/credit cards, you needn’t pay any additional costs when shopping with your forex card.

Forex cards are accepted globally: Forex cards can be used at more than 30 million establishments globally. From withdrawing money from an ATM to paying your cab driver and buying coffee, you can use your pin-secured forex card just about everywhere.

Going for an unsecured business loan? Apply through loan app!

Going to start a new business or want to expand an already existing one? An unsecured business loan is exactly what you need. An unsecured business loan is not secured by collateral and is comparatively easier to obtain than a secured loan. With the help of an unsecured loan availed through an app you can take advantage of a number of benefits which an unsecured business loan has to offer.

There are a number of reasons why you should consider taking an unsecured loan through an app. Simple and convenient, getting an unsecured loan through an app will help you in a number of ways.

Why Applying for an unsecured business loan via an app is ideal!

A number of banks in the country offer unsecured loans to people who are new in the business ecosystem or want instant help in expanding their small businesses. The question of which bank to opt for can be quite harrowing as the options available are many and thus confusing to a newbie. This is where an app can help you out. With the help of an app, you can easily compare the different offers provided by different banks and make the right decision for your business.

Applying for an unsecured business loan online helps you save time as well. With the help of the online facility, you can find out all about the criteria to match, within a couple of minutes. You do not have to take out time from your busy schedule to visit a bank and get all the required information. With the help of the online facility, you can find out all that you need to know and apply for an unsecured business loan online.

Another hassle-free advantage of applying via an app for unsecured loan is that you do not need to carry multiple photocopies of your numerous identification papers to the bank. With the help of the online facility, the bank can access your important details online itself.

The process of applying for an unsecured business loan via an app helps you cut down on the unnecessary transactions as well. These procedures are automated and have no means of human intervention. The otherwise tedious and lengthy process of getting an answer on your loan happens much faster through an app.

6 Reasons why shopping apps are trending today

Bring to mind your favourite apparel or departmental store. It’s an even bet that they have a corresponding app on your mobile phone. Why? Because it is smoother and more efficient to navigate through those apps from start to finish. For one thing, there is no need to fiddle with your payments. Such shopping apps help customers make the seamless transition from an occasional purchaser to a loyal customer. It could be a food delivery app, a restaurant app or even a clothing and beauty item app. Shopping apps are in vogue and here is why.

1. Repeat Business
Pre-orders and online payments are two of the key features of shopping apps. By the added advantage of being able to order ahead of time, you can pick up your order, whether it be food or merchandise, thus accelerating the entire process. It helps you avoid long queues and any kind of transactional hassle.

2. Convenience
In today’s day and age, the most valuable commodity is time. And what is the most effective way of saving time and making a transaction effortless? An app with retail brands, both big and small, following the same model as transport apps, everything is at your disposal with just a few simple steps.

3. Rewards
Online shopping apps offer incredible rewards on each purchase that is made. With competitive discounts from different brands, and an assurance of good quality, these apps make sure that the customer has had a pleasurable experience. They also provide the user with notifications and alerts for sales and lucrative offers.

4. Enhanced Experience
Shopping apps furnish the customer with complete control of their whole shopping experience. It lets you access sale offers, make shopping lists, order a product that might not be physically available where you reside. They also streamline the checkout process making it ideal for the digital age.

5. Personal Touch
You can customize and personalize the rewards and benefits you access from your online shopping apps. For example, some of the best online shopping apps offer extremely personalized discounts and sale offers to you on your birthday. They base it on your shopping preferences and the frequency of your purchases.

6. Efficient
Online shopping apps have made the need for paper currency and receipts obsolete. It has reduced paper costs and made some inaccessible brands attainable.

It is quite clear that online apps are the equivalent of a loyalty or membership card in the 21st century. An essential part of any modern brand’s marketing and distribution strategy, it is a useful tool for both the customers and the retailers.

Banking App: Take advantage of these 4 benefits

With digital transactions rapidly gaining ground, the use of banking apps has proliferated across the country. The reasons for this are many, but primarily the following benefits have made mobile banking apps the go to solution for banking necessities.

1. Cashless and Paperless transfers
One of the biggest advantage a banking app offers are cashless transactions. Mobile banking eliminates the need to carry huge amount liquid cash as well as the risk of theft. Even if your mobile is stolen, you can easily block the app, but cash once stolen is very difficult to recover. Additionally cashless transactions do not generate any paper trail as all transaction are saved in an electronic format, so you are also doing your bit for the environment.

2. Utility bill Payments
Payment of utility bills like electricity, water, etc. has never been so easy. With just a few simple taps on your smartphone you can pay all your utility bills in a few minutes from anywhere, thus saving time and energy that would have been wasted otherwise. Additionally, they help you pay your utility bills timely. You can activate services to notify and remind you about utility bill payments at the desired time and date.

3. Features
Apart from the basic features like checking balance, money transfer, finding ATMs nearby, etc. a lot of advanced features are also present in these apps. Nowadays you can open fixed or recurring deposit, check you TDS status, request cheque book, stop payments and do many more things. The interfaces of these apps are also designed in a user friendly way so that you can carry out transactions without any assistance from bank officials.

4. Availability of services
With mobile banking, you can do transactions from anywhere. Additionally certain features like UPI, IMPS, etc. enable you to conduct transactions 24x7 including bank holidays. This ability makes mobile banking apps the most convenient form of banking.

While the benefits mentioned here are the major ones you get when using mobile banking apps, these are not the only ones. Add to that the fact that, these apps continuously get updated with new features periodically, the advantages of using banking apps are also increasing exponentially. So, if you want access to a plethora of new features and lightning fast banking functions, start using banking apps today.

Take advantage of applying for a two wheeler loan through a loan app

Planning on getting a new two wheeler? But the cost of the new bike or scooter seems out of your reach? You need not fret. Two-wheeler loans are extremely useful for someone who wishes to purchase a new bike and wants to make sure that the dream vehicle stays perfectly fine. The conservative method would have been to apply for a loan by visiting a bank and discussing the details. But with the advent of online mediums, loan application can be quite easily done through apps on your phone.

With the widespread use of smart phones, banks have developed their own loan apps for these devices. Here are some of the advantages of applying for a two-wheeler loan through a loan app.

1. When applying for a two-wheeler loan through an app, you can calculate the monthly payments that you would be required to pay. With the use of the bike EMI calculator, you can estimate the EMI payments that you would be making. This also helps you calculate the interest rate on your loan and the total amount that you would have to pay in order to pay back your debt.

2. If you were to apply for a loan by the more traditional method, you would be required to present your pertinent documents and wait for the loan authority to conduct the requisite checks. This takes a fair amount of time. But, if you were to apply online for the very same loan, your eligibility could be tested within minutes. With just a few quick and easy steps you would have applied for your two-wheeler loan.

3. Given that the whole process is online, you can very easily compare the different rates of interests offered by different lenders. You can then choose a plan that suits your needs the best. Bike EMI calculators on these apps allow the user to input different interest rates and determine the tenure of the loan. This gives the user a better idea with regards to the expected monthly interest that he would have to pay to the lender.

4. When you apply for a two-wheeler loan through an online app of a bank, they offer extremely attractive pre-payment options. Pre-payments means that you can choose to pay a certain portion of the loan amount in a single transaction. You can choose from different pre-payment options on the app and choose the one that you are most comfortable with.
If you plan to apply for a loan to help you purchase a new bike, try these online apps. They will make the process much simpler and convenient.

Did you know payment apps offer you these benefits?

In this fast moving world of development and technology, our banks have also stepped up their game and introduced numerous ways of making our lives easy. The issue of wasting time, standing in long queues for hours is a thing of the past now. With the help of our handy best friend– our mobile phones, of course- we can do just about anything without wasting any time. Paying bills online is one of the many benefits our banks are providing today. These services were developed to help us save our time, energy and money. The mobile recharge apps offer a number of benefits to every person who is looking to save his time via a safe and secure mode of transaction. Keep reading below to find out about the multiple advantages of these online recharge offers.

The Benefits of Using a Payment App
Mobile Recharge Offers help you save a lot of money on late payment related fines. Many of these recharge offer apps send you alerts about the due date and the amount to be paid. This helps you remember the exact amount to be paid and the timeline for your payment, thereby helping you avoid any chance of wasting money on late fines.

This facility of paying bills online is convenient and simple. With the help of recharge offers available, you can simply pay all your bills at any time of the day without having to run down to the bank or corporation office. With the help of these simple and easily accessible recharge apps, you don’t have to take time out of your busy schedule for the sole purpose of paying bills.

Security is given utmost importance with these payment apps as they ensure that all your information is safe. All your important information like the account number, routine number and the signature is safe under these recharge apps. The option of paying online thereby protects your identity and completely eliminates any chance of losing your paperwork.

With the help of online bill payments facility you can save your hard earned money easily. The cost of stamps, envelopes and checks are all eliminated via these recharge app offers. Not just this, offers on mobile recharge help you keep a record of your expenditures and bills safely in one place in an organized manner.

Easy accessibility is another attractive feature of these recharge apps. With the help of online bill payment, you can easily access and make payments for your electricity, water and other bills at any time of the day. Be it in the morning or night, whether you are on your way to work or relaxing on a vacation. It’s simple, easy and convenient so make sure to switch to these apps and save some time.