Discover and read the best of Twitter Threads about #CreditCards

Most recents (20)

How can you best utilise a #promotion or #salary hike? We have come up with a quick #guide on how to make that raise work for you instead of watching it disappear! (1/11)
Before you make any decisions, first check with your HR to understand the complete breakdown of your new salary, including #tax implications. This will help you assess the actual increase in your #takehome pay. (2/11)
Remember about #inflation. The price of everyday items will also increase too. Revisit your household #budget to understand the impact of rising #expenses on your #savings, real #income and #spending power. (3/11)
Read 11 tweets
(1/n) With addition of @AxisBank #creditcards as a Transfer Partner option of @SingaporeAir #KrisFlyer Program, KrisFlyer Program becomes quite lucrative given maximum transfer partners.

Lets look at what makes this Program good for Airmiles beginners in India!

Long 🧵 Alert
(2/n) Key Points of the #KrisFlyer Program

1. Easy Accumulation of #AirMiles
2. @staralliance Member
3. Simplistic redemption Chart

Different Statuses under #KrisFlyer Program (Corresponding @staralliance Status)

Base, Silver, Gold & PPS Club
(3/n) Accumulation - By Credit Cards / Partner Programs

@HDFC_Bank Infinia / DCB / Regalia
@AmexIndia - All Cards
@AxisBank - Atlas, Magnus, Reserve, Privilege, Select & Burgundy Private
@Citibank - Premier Miles & Prestige
@HSBC_IN - Visa Platinum
Read 8 tweets
#MCPersonalFinance: To help you save on your travel bookings and to make the most of your holidays, we have here the best travel #creditcards available in the market for both domestic & #InternationalTravel. ✈️…

by @thanawala_hiral | #Travel | @kayezad
@thanawala_hiral @kayezad All your bags are packed, you're ready to go. The third wave has eased and destinations far & near beckon.✈️

But before you book that #ticket there are a few things you should keep in mind. Read👇…

by @thanawala_hiral | #Travel #MCPersonalFinance @kayezad
@thanawala_hiral @kayezad #MCPersonalFinance: While traveling abroad for holidays, some of us withdraw money using our ATM, credit or debit cards, but unknowingly pay hefty fees.

Check charges for using credit or debit cards abroad👇…

by @thanawala_hiral | #Travel | @kayezad
Read 10 tweets
Daily Bookmarks to GAVNet 02/04/2022…
Hard barriers and soft power: Study assesses outsider perceptions of border walls…
#BorderWalls, #SoftPower, #InternationalRelations, #NationSecurity, #PersonalPerception
Individually optimal choices can be collectively disastrous in COVID-19 disease control | BMC Public Health | Full Text…
#IndividualOptimalChoices, #PublicHealth, #InterventionNoncompliance, #SpreadSuppression, #ResearchResults
Read 20 tweets
All about Credit Cards 💳⬇️

A Thread that will help you understand how it works? How to use them effectively so that you can beat 90% of people who fall into the debt trap?

Long 🧵 (Part-1)

#CreditCards #PersonalFinance #Startup #Money #CreditScore #Banking
Statistics say there are around 60Mn credit cards users in India 🇮🇳 and we are an underpenetrated market as compared to western countries. Millions of new Credit Cards get issued by leading Indian banks every year but the concern is do they promote any formal education about it?
Credit Cards are one of the most profitable businesses for banks, just check the annual reports of HDFC and SBI Cards.……

Read 19 tweets
If you use Credit Cards, this thread is for you.

We’ll discuss some cool hacks to understand payments, save fees and how to avoid charges!🧵⬇️

#Payments #Fintech #Banking #CreditCards 💳
Credit Card Bills aren’t like Electricity Bill and you can literally pay any amount whenever you want, regardless of billing cycle and dates.

e.g - You can pay in advance or even before bill generation date for 0 outstanding. (1/n)
Now this is very important, we’re talking about Payment.

Always consider paying in full and don’t carry forward balances to the next month, minimum due is a trap. In case if you’ve large debt, take a personal loan and settle off your dues asap! (2/n)
Read 10 tweets
I have an emergency that I would like my Twitter Family's #Help with.

I am worried about my friend Jenn and her co workers that run @HarvestHillsYYC.

They have run themselves ragged and need help.

There's a reason why Jenn and the team have not posted or shared a lot lately on their social media accounts.

She is probably going to kill me for doing this (RIP @Hell_Berta)......but I need to do something for them. I can't sit back and watch them burn themselves out.
As everyone knows, Jenn was in a car accident in Dec. and she was hurt pretty bad. I am talking grade 3 concussion bad and really really bad whiplash and other injuries.

She is at home recovering and her fellow board members and dedicated volunteers have picked up and helped.
Read 17 tweets

Began tweeting actively this March & this came as a pleasant surprise to me .
Thank you so much everyone for 5k! 🙂🙏

I have varied interests & my threads are on random topics .
Consolidating a few that I think are worthy to make the list.



A thread on my journey till date in the world of markets and investing, mostly highlighting my mistakes as a beginner .


*On owning a house *

Having your own space is a dream for all of us .
But is it worth taking an exorbitant loan early on ?

Read 17 tweets
#CreditCards 😊
(EMI -5 - Final Episode) 😂

#இழை #Thread

கடன் அட்டையை பயன்படுத்தும் போது கவனிக்க வேண்டிய முக்கியமான சில விஷயங்களை பற்றி பார்க்கலாம் 🧞

#EMI #Loan #Finance #Banking #IPL2020
🔥 கடன் அட்டை யை Receive செய்த உடனேயே அவர்கள் சொல்லும் Procedures படி PIN நம்பர் Generate பண்ணிவிடுங்கள்..! அல்லது அவங்களே Default ஆ ஒரு PIN நம்பர் கொடுத்திருந்தால், உடனே அந்த PIN நம்பர் ஐ மாற்றிவிடுங்கள்.
இது முக்கியமான Security Issue, எனவே தாமதம் வேண்டாம்.
🔥Card Packing உடன் வரும் Welcome Letter மற்றும் T&C Booklet ஐ பத்திரப்படுத்தி வைத்துக்கொள்ளுங்கள். முடிந்தால் Scan செய்து Soft Copy ஆக கூட சேமித்து வைப்பது நலம்.
CreditCard-(Bank Name) என Folder ல் இட்டு வைத்திருந்தால் Easy யாக Retrieve செய்து கொள்ளலாம்.!😊
Read 27 tweets

Some pointers on #PersonalFinance
1) Highly #subjective - depends on earnings,savings & lifestyle. Don't clone approach . Take professional help, if needed.

2)Focus primarily on #skillsets in early years.Automatically #earnings increase. Big salary ,bigger savings.
3) Start #saving early on .
4) Incremental savings must be more than Incremental earnings.

5) Avoid #debt . But if necessary plan well & repay it early on . Beware of snowball effect.

6) Avoid instant #gratification. A lil' self restraint goes a long way in saving up .

7) #Leveraging is disastrous . Not advisable .

8) #ConcentratedPortfolio can backfire big time . Makes sense to go in for a diversified one.

9) #AssetAllocation is equally important .

10) #CreditCards if used sensibly are good ,else disastrous. Educate yourself.
Read 7 tweets
#CreditCards 😊
(EMI -4)

#இழை #Thread

கடன் அட்டைகள் நம்மை ஈர்ப்பதற்காக முக்கியமான காரணிகள்..,
அவை வழங்கும்

🔥Reward Points (வெகுமதி-புள்ளிகள்)
🔥Cash Back
🔥Discounts (தள்ளுபடி)
🔥Offers (சலுகைகள்)
🔥No cost EMI (வட்டியில்லா தவணை)

இதெல்லாம் என்னானு பார்ப்போம்🧞
இதெல்லாம் பார்க்குறதுக்கு, Cake மேல இருக்குற Cream & Topings மாதிரி நல்லா Attractive ஆ இருக்கும்.😋
அனா இதுங்க எல்லாமே நம்ம செலவு செய்யனும்ங்கற ஆசையை தூண்டக்கூடியது.அதுக்கு ஏற்ப வடிவமைக்கப்பட்டது..!
பதிவா Recharge பண்ணிவிடுற காதலனுக்கு சாக்லேட் தந்து Encourage பண்ற காதலி மாதிரி, இது நீங்க செய்யும் செலவுகளுக்கேற்ப Rewards Points தந்து "Very Good இன்னும் நிறையசெலவு பண்ணுங்க"ன்னு Encourage பண்றதுக்கு தான்.😊

இந்த RewardPointல குறிப்பா சிலவற்றை தெரிஞ்சிருக்கனும்
Read 32 tweets
: “Don’t expect a lot of Change in Credit Reserves in 3Q”

#CreditCards #Consumer
“Sees Strong Originations activity for Amazon Co-Brand.”

“Spending on Travel Co-Brand remains Very Strong.”

“Haven’t seen an uptick in Card attrition Levels.”

“Spending on Car Rentals & Home Rentals is Very Strong.”

Heck even “T&E Spending is Improving Slightly.”

Once Reserve Build has Run Its Course...We are getting Closer... Lending Standards should thaw.. Starting with higher quality like & . You don’t want to be that dude that’s Bearish at the Peak - In Lending Standards.. it’s MoMo Popular.. Over Time a Horrendous bet. Image
Read 3 tweets
#CreditCards 😊
(EMI -3)

#இழை #Thread

கடன் அட்டை எப்படி வேலை செய்கிறது.!🤔
அதை புரிந்து கொள்ள முதலில் இந்த,

🔥Credit Limit
🔥Billing Cycle
🔥Monthly Statement
🔥Payment Dues ( Actual & Min)
🔥Grace Period
🔥Late Payment Charges

இது பற்றி தெரிந்திருக்க
Credit Card வாங்க நமக்கு இருக்கும் ஆர்வத்தில் சிறிதளவாவது இதையெல்லாம் பற்றி தெளிவாக தெரிந்து கொள்வதில் இருந்தால் கடன் அட்டை வாங்கிய பின் வரும் 85 சதவீத சிக்கல்கள் மற்றும் பிரச்சினைகளில் இருந்து தப்பித்து விடலாம்..! 😊
🔥Credit Limit
இதுதான் கடன் அட்டையின் அடிப்படையான விஷயம்.
உங்களின் தற்போதைய நிதி நிலைமை மற்றும் வங்கி தரவுகளை பொறுத்து உங்களுக்கு எவ்வளவு கடன் வழங்கலாம் என கடன் அட்டையை வழங்கும் வங்கி அல்லது நிதி நிறுவனம் முடிவு செய்து ஒரு தொகையை நிர்ணயம் செய்து இருப்பார்கள்.இதுதான் Credit Limit.
Read 28 tweets
#CreditCards 😊
(EMI -2)

#இழை #Thread

முந்தைய பதிவில் சில அடிப்படைகளை பார்த்தோம்..!😊
(படிக்காதவர்களுக்கு Link கீழே.!)
சரி வாங்க, "யாரெல்லாம் கடன் அட்டையை தவிர்ப்பது நலம்" - என இந்த பதிவில் அலசுவோம்..!🧞

#EMI #Loan #Finance #Banking

முன்னாடி கேபிள் டிவில எல்லாம் ஒரு சில படங்கள் போடுறதுக்கு முன்னாடி..
இதயம் பலவீனமானவர்கள், குழந்தைகள்,
கர்ப்பிணி பெண்கள்
இத்திரைப்படத்தை பார்ப்பதை தவிர்க்கவும்"
ன்னு Slide போடுவாங்க..!
(இதன் நோக்கம் படம் பார்க்க கூடாது என்பது அல்ல, Risk எடுக்காதீர்கள் என்பதே )😊
அது போல, கடன் அட்டையை வாங்க யார் யார் எல்லாம் Risk எடுக்க வேண்டாம் அல்லது தவிர்க்கலாம், அப்படின்னு ஒரு Slide போடலாம்.
(இதுக்குன்னு வரையறை எல்லாம் கிடையாது, எல்லாம் ஒரு புரிதலுக்காகவே😊)

"என்னோட பெருளாதார சூழ்நிலை (Financial Situation)நல்லாதான் இருக்கு,
Read 32 tweets
#CreditCards 😊
(EMI -1)

#இழை #Thread

இதை ஒரே பதிவாக பதிவிட்டால் Detailing இருக்காது. அதனால இத ஒரு மூணு EMI ல கட்டி முடிக்க பார்ப்போம்.😂
(அதாங்க மூணு பாகங்களாக)😂
சரி வாங்க,
Credit Card வாங்கலாமா இல்ல வேணாமான்னு முடிவு பண்ணலாம்..!🧞

#EMI #Loan #Finance #Banking
Credit Card (CC) வாங்குறதுக்கு முன்னாடி நமக்கு அடிப்படை விஷயங்களான

🔥கடன் ( Loan)
🔥வட்டி (Intrest)
🔥வட்டி விகிதம் (Intrest Rate)
🔥திரும்ப செலுத்தும் காலம்
(Pay back period)
🔥 Penalty (அபராதம்)

இது பற்றி நமக்கு ஓரளவுக்காவது தெரிந்து இருக்க வேண்டும்.
இதெல்லாம் ஏற்கனவே நமக்கு தெரிஞ்ச விஷயம் தானேன்னு நினைப்போம்..!
"அப்புறம் ஏன் நிறைய பேர் கிரெடிட் கார்டு வாங்கி அவஸ்தைப்பட்டேன், அத தூக்கி போட்ட ன்னு சொல்றாங்க..!" ன்னு யோசிச்சிருக்கீங்களா..!
ஏன்னா இதையெல்லாம் நம்முடைய பொருளாதார சூழ்நிலையோடு பொருத்திப் பார்க்கத் தவறுகின்றோம்..!😊
Read 31 tweets
* Thread on #CIBIL SCORE *

Since the thread on #CreditCards ,
(Link here for reference , )

Many DM'ed me asking about CIBIL score , so decided to write a small thread on it .
Disclaimer : This is MY opinion based on MY limited knowledge :)
+ Image
A CIBIL score is a consumer's credit score generated by a credit bureau on the basis of their algorithm. It basically evaluates the credit history based on reflection of repayment and credit profile & thereby determines the eligibility for a loan.
So a good credit score (above 700 generally ) can help us get a loan easily at a relatively better rate of interest.

How? 🤔
It indicates you PLAN well for your financial needs & pay your debts on TIME. Basically " GOOD CREDIT WORTHINESS " .

Read 11 tweets
A thread on
#CreditCards a " Yes" or a "No" ?

Decided to write an honest opinion on the usage of credit cards & whether it is "As bad as it made out to be" or "That good as claimed" !!

Disclaimer: This is MY experience & my opinion on the issue addressed at hand .
Points in favour
1) #Convenience !!
2) Lot of reward points .Yay!
3) Usage at airport lounges & movie tickets & the likes (subject to T&C)
4) Extra time to repay the debt. Duh !! Who doesn't like that!
6) Kind of a status symbol . Mere paas AMEX card hai ,
hain.... 😎
Points against usage

1) Too much convenience results in thriftness. We end up spending much more.
2) Reward points come with a host of T&C. Are we actually being rewarded also ?
3) Freebies to keep our inflated ego in check . Many a times changed/stopped overnight! 🤷
Read 13 tweets
One of the biggest cons the western financial system has created is this concept of "good debt".

Basically "Good debt is considered to be debt if it helps you get a job, like a student loan, or helps you earn money, like a business loan.

"Bad debt" is all other debt, but
basically personal loans, credit card debt etc. Home loans can be considered essential, but with care.

The reality is that there is NOTHING like "good debt". I say that because it plays on people's minds to throw caution to the wind and borrow recklessly because apparently you
are going to make money of that and become rich right?


I used to use the terms "Essential debt" and "Criminal debt", again with Home loans being in no man's land.

"Criminal debt" is that debt which you take on for pleasure/addiction etc.
Read 18 tweets
@RBI #moratorium of 3 mths of #EMIs on all oustanding term loans as on Mar 1, 2020. Includes all #Banks & #NBFCs. #EMI payments will restart only once the time period expires. A #creditcard #loan is not classified as a #TermLoan. It is basically revolving #credit. @fifaindiaorg
This #EMIHOLIDAY is not a Waiver. Once things are normal the deferred #EMIs have to be paid. It simply won't have a negative effect on #CIBIL score. This will not happen in an automated manner, bank has to approve on the basis of request. #moratorium @RBI #RBItoday #rbigovernor
While #CreditCards are defined as revolving credit & not term loans, as per clarity from @RBI it is clear that credit card dues are also covered. Though this must be avoided if possible. #Moratorium #EMIHOLIDAY
Read 3 tweets
1. I feel the duty to help you to understand the debate on extremely intrusive #digitalSurveillance to fight #COVID. I don't feel comfortable to exclude such tracking in these days when thousands die, at the same time I have very serious concerns
2. we are now going through a situation we experienced after the 9/11 when politicians felt immense pressure. Interests to establish an #OrwellianSurveillance were also huge.Politicians opted for it (most shielded by secrecy) and that #OrwellianSurveillance is still here
3. It's very likely we will follow the same path:if we establish a new layer of extremely pervasive surveillance by putting together #HealthData,#localisation,#CreditCards,#phonecameras, it's very unlikely we will go back to the "old system".
Read 10 tweets

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