What's special about us
Enjoy Zero Charges on All Commonly Used Savings Account Services
- About Us
- MD & CEO letter about the bank
- MD & CEO
- Our History
- Letter to Shareholders on the 1st Annual Report after Merger
- Letter to Shareholders on the 2nd Annual Report after Merger
- Letter to Shareholders on the 3rd Annual Report after Merger
- Letter to Shareholders on the 4th Annual Report after Merger
- Board of Directors
- Awards & Accolades
- News Room
- Investors
- Careers
- ESG
-
As per amendment in the Income Tax Rules, PAN or Aadhaar are to be mandatorily quoted for cash deposit or withdrawal aggregating to Rupees twenty lakhs or more in a FY. Please update your PAN or Aadhaar. Kindly reach out to the Bank’s contact center on 1800 10 888 or visit the nearest IDFC FIRST Bank branch for further queries.
-
-
FinFIRST Blogs
Like all things in the world, credit cards are not perfect either. They can break down, show errors, charge you high fees, and cause other types of inconveniences. However, since a credit card can be your financial lifeline in many situations, it is good to know how you can solve these common credit card issues and get your card up and running again.
Here are five problems you may face at some point while using your card and easy credit card tips that can get you out of the mess.
1. The card gets declined while making payments
A credit card problem that you probably never want is that your card is declined. This can happen if you have crossed your credit limit or not paid your past dues. Sometimes, the card may also not work if the magnetic strip has been damaged.
Tip: For either of the reasons, you must immediately contact your bank and find out the reason behind your card being declined. If your card is declined due to a missed payment or credit limit, simply clear your bill or request the bank to increase the limit. If there is physical damage to your card, reach out to the bank to replace the broken card with a new one.
READ MORE
2. Repayments are late or missing
Late or missed payments can lead to higher fees. This is one of the common credit card mistakes and usually happens when you forget to pay your bill on time.
Tip: Simply, automate your payments. This way, no matter how busy you get, your bills will always be paid on time.
3. The annual fee is too high
This is another issue that you may face. A high annual fee can result in a loss of a lot of money over the years. It is also unnecessary, as you can find many good options in the market that offer the best features at no annual fee. For instance, IDFC FIRST Bank Credit Cards do not charge any joining or annual fees. This can be a great deal along with several other exciting features that IDFC FIRST Bank offers on their range of credit cards.
Tip: Do thorough research and compare different credit card providers before you choose.
4. You have too much debt
If you are burdened with debt, using a credit card can be a bit of a hassle. Firstly, it can be hard to control the urge to spend. This can, in turn, spiral into mounting debt. However, being mindful of your spending habits can help.
Tip: If you have too much debt, you can consider a balance transfer to a credit card with low interest.
5. Your credit card doesn’t work in foreign countries
If your card doesn’t work in foreign countries, you may be in for a hard time when travelling.
Tip: Thankfully, there are several great travel cards that you can choose from. These cards are ideal for international travel and can offer benefits like insurance, lounge access, and more.
Credit card issues are common, but they can be averted with these credit card tips. Selecting a reliable and stable bank can also help.
Disclaimer
The contents of this article/infographic/picture/video are meant solely for information purposes. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject IDFC FIRST Bank or its affiliates to any licensing or registration requirements. IDFC FIRST Bank shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.
The features, benefits and offers mentioned in the article are applicable as on the day of publication of this blog and is subject to change without notice. The contents herein are also subject to other product specific terms and conditions and any third party terms and conditions, as applicable. Please refer our website www.idfcfirstbank.com for latest updates.
