Thanks to their occupation of rolling bidis, about 50,000 women in Solapur are keeping the fires burning in their homes, even as their men are losing jobs in the textile sector. These women, rolling bidis for about 200 branded bidi factories, have the support of the ‘bidi card’, their lifeline to credit and a host of other benefits.

These cards have helped them sustain during the crisis and raise money from formal and informal lenders as the bidi card is treated as credit in Solapur. Bidi factories offer bidi cards — a piece of paper given to women highly skilled in bidi rolling, which ensures her permanent bidi rolling work and other benefits including provident fund, bonus, and medical assistance.

Bidi rolling is manual at all stages, and scissors and threads are the only tools used to make bidis. For decades women in Solapur have been active in bidi making.

Read More

This article is brought to you by the Personal Finance Insider team. It has not been reviewed, approved, or otherwise endorsed by any of the issuers listed. Some of the offers you see on the page are from our partners like Citi and American Express, but our coverage is always independent. Terms apply to the offers listed on this page.

Chase recently launched an increased welcome offer on the Sapphire Preferred card. You can currently earn 80,000 points after spending $4,000 in the first three months of having the card.

Before this change, the sign-up bonus on the Chase Sapphire Preferred was 60,000 Ultimate Rewards points, with the same minimum spending requirement. The annual fee of $95 is not waived on this offer, as it has been on some previous Sapphire Preferred offers, but increasing the welcome offer by a full 20,000 points is a significant jump, and worth considering.

Read More

Axis Bank on Monday announced the launch of its ACE Credit Card in India in collaboration with Google Pay and Visa.

The card meant to help with digital payments. From application to issuance, with the entire user journey for the credit card application will be done digitally.

For essential use cases, including mobile recharges and bill payments made via Google Pay, users can earn a cashback.of 5 per cent. The company is also offering 4 per cent-5 per cent cashback for expenses on food ordering, online grocery delivery, cab rides for transactions made on partner merchant platforms such as Swiggy, Zomato, BigBasket, Grofers and Ola.

There is also an unlimited 2 per cent cashback on other transactions (terms and conditions applied).

“Users will be able to get cashback directly into their ACE Credit Card accounts. The tokenization feature enabled in partnership with Visa will allow Google Pay users to use

Read More

QUEENSBURY, N.Y. (NEWS10) — A website is being accused of selling fake gift certificates to Warren County businesses.

Owner of Body Relief and Spa, David Dawkins, said he was surprised to find his business listed on the website Giftbar.com. The website offers gift certificates for businesses which people can purchase.

Dawkins said he has no partnership with the company and was only alerted to the matter after a customer attempted to use a gift certificate for $100 they bought, which is not valid at the business.

“It made it look like a legitimate exchange from our desk staff,” Dawkins said.

The Warren County Sheriff’s Department was contacted by Dawkins. Sheriff Jim LaFarr reached out to the contact listed on the website on Sunday. The sheriff said his call went to voicemail.

LaFarr said they receive numerous calls on scams every month and believed to possibly be another scheme as well.

Read More

It’s happened to nearly everyone: Our credit or debit card is lost or stolen, and then we find fraudulent charges on our account. And the Covid crisis has unfortunately made fraud even more common. But the theft of your card or bank information doesn’t mean you’re on the hook for all the losses. On the contrary, in the vast majority of cases, you’re entitled to a refund of almost all fraudulent charges. Here are the basic steps you should understand to get as much of your money back as possible.



a person using a laptop computer sitting on top of a table


© Provided by CNBC


Credit or Debit?

Whether to pay with debit or credit is an age-old question that depends upon multiple factors. Generally speaking, if you have good credit management skills and pay-off your cards on time every month, you should pay with credit as often as possible, in order to enjoy cash back, points and other rewards. From

Read More

By Anna Irrera

LONDON (Reuters) – Mastercard Inc <MA.N> has made a strategic investment in fintech firm Marqeta Inc and extended an existing partnership with the card issuing start-up, the companies said on Thursday.

Mastercard and Marqeta will work together to expand into new markets, build new products and launch new card programs, they said.

The size of the investment was not disclosed.

“As Marqeta’s global ambitions continue to grow we saw an opportunity to strengthen the partnership,” Omri Dahan, Marqeta’s chief revenue officer, said in an interview. He added that Marqeta had not been in need of a cash injection.

The Oakland, California-based company has developed a platform that it says makes payment card issuing and processing simpler and more efficient for businesses. Its backers include Goldman Sachs Group Inc <GS.N> and Visa Inc.

Marqeta raised $150 million from an undisclosed U.S. institutional investor in late May at a

Read More

With a traditional loan, the lender gives you money upfront, and you pay it back in installments. A credit-builder loan works in reverse: You pay the lender monthly installments, then you get the money back at the end. You’re essentially lending yourself money, and because the payments are reported to the credit bureaus, it builds your credit.

Even if you’ve been turned down for a personal loan in the past, you have a good shot at a credit-builder loan. The lender isn’t putting its own money at risk, and it holds your money in a savings account until the loan is fully paid. When the lender is protected like that, it can make these loans available to people with thin credit or no credit.

The key is to make all of your payments on time. Do that, and your credit reports will get an influx of positive data. Make just

Read More

Payment security is getting weaker as 27.9% of global organizations were in full compliance with the Payment Card Industry Data Security Standard (PCI DSS), according to Verizon.

The Verizon Business 2020 Payment Security Report highlights that PCI DSS compliance is down 27.5% from 2016. Full PCI DSS compliance meets 12 requirements. Those requirements are:

  1. Protect your system with firewalls
  2. Configure passwords and settings
  3. Protect stored cardholder data
  4. Encrypt transmission of cardholder data across open, public networks
  5. Use and regularly update anti-virus software
  6. Regularly update and patch systems
  7. Restrict access to cardholder data to business need to know
  8. Assign a unique ID to each person with computer access
  9. Restrict physical access to workplace and cardholder data
  10. Implement logging and log management
  11. Conduct vulnerability scans and penetration tests
  12. Documentation and risk assessments

Verizon’s findings are a bit alarming given that credit cards are a big target for cybercrime. Consider a few recent

Read More

A business credit card can build your credit profile and help when making essential purchases for your business, but if your credit score has taken a hit or two, qualifying for one may be difficult – though it’s not impossible. Learn how small business owners with bad credit can get approved for a business credit card. [Looking for an alternative to credit cards? Check out our review of business loans.]

Can you get a business credit card with bad credit?

Credit card issuers look for a good credit score (which is considered to be 670 and above, according to Experian), the same as they do with individuals applying for a personal credit card. The higher the score is, the more creditworthy the borrower is considered. The lower the score is, the riskier the business owner appears. (Scores ranging from 580 to 669 are considered fair, while scores ranging from

Read More

This article is brought to you by the Personal Finance Insider team. It has not been reviewed, approved, or otherwise endorsed by any of the issuers listed. Some of the offers you see on the page are from our partners like Citi and American Express, but our coverage is always independent. Terms apply to the offers listed on this page.

  • You can’t use a credit card to pay another credit card bill, but you can consolidate debt by transferring it to a new credit card.
  • Balance transfer credit cards can help you limit interest fees, but you’ll usually have to pay a fee for the transfer.
  • You can also use a cash advance from a credit card to pay off debt on another card, but you’ll be charged a high APR (think 25% or more).
  • Using either of these methods can help you consolidate credit card debt in a pinch,
Read More