Latest news with #Know
Mint
13-06-2025
- Business
- Mint
What is a pre-approved credit card and how can you get one instantly?
Being a bank customer, you must have received communication from various channels mentioning that you are pre-approved for a credit card. You must have got this communication through SMS, phone calls, WhatsApp messages, emails, mobile app notifications, and even your net banking. In this article, we will discuss what are these pre-approved credit cards, their benefits, and whether you should apply for them. A pre-approved credit card is an offering from a bank mentioning that you are approved for a credit card even without you having applied for it. Banks usually send pre-approved credit card offers to their existing customers. As a customer, depending on the time you have spent with the bank, the balance you have maintained, and the type of financial transactions you have carried out, the bank may send you a pre-approved credit card offer. Before making the pre-approved credit card offer, the bank has already done some preliminary checks on your profile. They have already checked your credit score and report and evaluated your income and spending pattern from your savings account. So, they have done a basic evaluation of your credit worthiness. If you decide to go for a pre-approved credit card, you must still complete the regular credit card application process by submitting the duly filled application form. If you don't have an existing relationship with the bank, you must submit the Know Your Customer (KYC) and income documents. The bank will evaluate your application, check the various eligibility criteria, and approve or decline the application accordingly. So, even though you were pre-approved for the credit card, it doesn't guarantee you will get it. One of the important things you should know is that a pre-approved credit card offer doesn't guarantee the credit card, as discussed earlier. Before sending the pre-approved credit card offer, the bank does a soft enquiry on your credit report. A soft enquiry does not impact your credit score. A pre-approved credit card offer is for a limited time. To sweeten the deal, the bank may offer the pre-approved credit card as a first-year free (FYF) or lifetime free (LTF). In some cases, the bank may offer bonus reward points or a gift voucher of a specified brand(s) of a specified amount as part of the limited-time offer. The offer will specify the date till which it is applicable. To avail of the bonus reward points or gift voucher, the bank may specify an amount to be spent within a specified period of getting the credit card. Before sending you the pre-approved credit card offer, the bank does a soft enquiry on your credit profile. The soft enquiry doesn't reflect in your credit report or impact your credit score. But, after you make the credit card application, the bank will do a hard enquiry on your credit profile. The hard enquiry will stay on your credit report for a couple of years. When you get a pre-approved credit card offer, check the bank's eligibility criteria. If you meet all the eligibility criteria and need the specified credit card, only then make the application. Because if you don't meet some eligibility criteria and the bank rejects your application, your credit score will fall. Some benefits of a pre-approved credit card include the following. Higher approval chances: When you apply for a pre-approved credit card, the chances of approval are higher than a regular credit card application. With a pre-approved credit card, the bank has already checked your credit profile. If you have a relationship with them, they already have your KYC details. If you have a salary account with them, they already have your income data. Factors like a good credit score and income are important eligibility criteria for a credit card. If the bank has already evaluated these, the chances of credit card approval are high. When you apply for a pre-approved credit card, the chances of approval are higher than a regular credit card application. With a pre-approved credit card, the bank has already checked your credit profile. If you have a relationship with them, they already have your KYC details. If you have a salary account with them, they already have your income data. Factors like a good credit score and income are important eligibility criteria for a credit card. If the bank has already evaluated these, the chances of credit card approval are high. Low to no documentation: As discussed in the earlier section, if you have a salary account with the bank, they already have your KYC and income details. So, when you apply for a pre-approved credit card with them, there may be low to no documentation as the bank already has these details. As discussed in the earlier section, if you have a salary account with the bank, they already have your KYC and income details. So, when you apply for a pre-approved credit card with them, there may be low to no documentation as the bank already has these details. Faster processing : As the bank has most of the details with them due to an existing relationship, most of the checks are already done. Hence, with fewer checks remaining, the credit card application processing is faster than regular applications. : As the bank has most of the details with them due to an existing relationship, most of the checks are already done. Hence, with fewer checks remaining, the credit card application processing is faster than regular applications. Higher credit limit: A pre-approved credit card may come with a higher credit limit. As the bank has already evaluated your credit profile, income and spending habits, they will make a pre-approved credit offer as you meet the initial eligibility criteria. As the bank is making the pre-approved credit card offer from their side, they may offer a higher credit limit. A pre-approved credit card may come with a higher credit limit. As the bank has already evaluated your credit profile, income and spending habits, they will make a pre-approved credit offer as you meet the initial eligibility criteria. As the bank is making the pre-approved credit card offer from their side, they may offer a higher credit limit. Opportunity to build credit history: If you have not availed of any loan or credit card before, and this is your first credit card, it is an opportunity to build your credit history. Using the credit card regularly and making timely payments, you will build a good credit score and report over time. Thus, the pre-approved credit card can be an opportunity. One of the easiest and fastest ways to get pre-approved credit card offers is to open a savings account with the bank. If it is a salary account, it helps even more. The bank will evaluate your income and spending pattern through the savings account transactions. It will do a soft enquiry on your credit profile. For credit cards, they specify eligibility criteria like age within the minimum and maximum limit, credit score above the minimum specified, income above the minimum specified, etc. If you meet these eligibility criteria, the bank will send you a pre-approved credit card offer. If you frequently use Apps like Airtel, Swiggy, Tata Neu, EazyDiner, etc., you may get pre-approved credit card offers. Companies like these or others with co-branded credit cards may make a pre-approved credit card offer as you are their regular customer. When you get a pre-approved credit card offer, check which credit card is being offered. Go through the features and benefits of the card. If it suits your requirements, and you fulfil the eligibility criteria, consider going for the pre-approved credit card. Sometimes, the pre-approved credit card offer may come with additional benefits like bonus reward points or a gift voucher, a first-year fee waiver or a lifetime free offer, adding to your benefits. Gopal Gidwani is a freelance personal finance content writer with 15+ years of experience. He can be reached at LinkedIn.
Newsweek
11-06-2025
- Business
- Newsweek
Trump Puts Iran Nuclear Deal in Doubt, Raising Risk of War
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. President Donald Trump has signaled diminishing confidence in reaching a nuclear agreement with Iran, raising new concerns about the possibility of military conflict in the region. In a podcast interview released on Wednesday, Trump said he's "getting more and more—less confident" about securing a deal. The remarks come at a sensitive moment, with both nations returning to the negotiating table but casting doubt on each other's intentions. Though talks are scheduled, mutual distrust and competing demands continue to cloud the path to any lasting agreement. Newsweek has reached out to the White House and Iran's foreign ministry for comment. Why It Matters While the United States and Iran have agreed to resume nuclear talks, President Trump's increasingly doubtful tone and Tehran's escalating rhetoric are raising concerns about whether diplomacy can succeed. With American military assets and allies stationed across a volatile region, even the perception of failed negotiations could heighten the risk of miscalculation. The renewed uncertainty marks a critical test of Trump's foreign policy strategy, especially following his withdrawal from the 2015 nuclear agreement during his first term. President Donald Trump gestures after speaking at Fort Bragg, Tuesday, June 10, 2025, in Fort Bragg, N.C. President Donald Trump gestures after speaking at Fort Bragg, Tuesday, June 10, 2025, in Fort Bragg, N.C. Alex Brandon/AP Photo What to Know Trump's comments on the "Pod Force One" podcast offered a stark contrast to his earlier optimism. Asked if he believed Iran would agree to end uranium enrichment, Trump said, "I did think so, and I'm getting more and more—less confident about it." On the negotiations, he said: "Something happened to them... I am much less confident of a deal being made." Military Options While saying that the United States will not allow Iran to develop a nuclear weapon, Trump said it would be "nicer" to avoid war. Nonetheless, the Pentagon is preparing for alternate scenarios. General Michael Kurilla, the outgoing head of U.S. Central Command, told lawmakers on Tuesday that strike plans had been submitted to the White House in the event negotiations collapse. Iran Issues Its Own Warnings Iran continues to say its nuclear activities are focused on peaceful purposes such as energy production. However, Defense Minister General Aziz Nasirzadeh issued a pointed threat, warning that Iranian forces would target U.S. bases across the region if hostilities begin. "If a conflict is imposed on us... all U.S. bases are within our reach," he said. In this photo provided Monday, Jan. 13, 2025, by the Iranian Army, Iranian Defense Minister Gen. Aziz Nasirzadeh, right, speaks with the army commander Gen. Abdolrahim Mousavi in a ceremony to deliver domestically-built drones to... In this photo provided Monday, Jan. 13, 2025, by the Iranian Army, Iranian Defense Minister Gen. Aziz Nasirzadeh, right, speaks with the army commander Gen. Abdolrahim Mousavi in a ceremony to deliver domestically-built drones to the army. More Iranian Army/AP Photo Trump has continued to press for a tougher nuclear deal, saying that previous frameworks gave Iran too much leeway. Since exiting the 2015 international agreement (JCPOA) in 2018, his administration has sought stricter terms that would impose broader limits on Iran's nuclear activity—particularly its uranium enrichment—and regional behavior. What People Are Saying U.S. President Donald Trump: "I did think so, and I'm getting more and more—less confident about it. It would be nicer to do it without warfare, without people dying." Iran Defense Minister General Aziz Nasirzadeh: "All U.S. bases are within our reach and we will boldly target them in host countries." What Happens Next Talks are set to resume later this week, with Trump indicating negotiations could begin Thursday and Iran pointing to Sunday in Oman. Tehran is expected to deliver a counter-proposal to the U.S. offer it previously rejected. While both sides remain at the table, the growing strain and threats of military action have cast a shadow over the talks, raising the possibility that failure could bring the two nations closer to open conflict.
Yahoo
11-06-2025
- Business
- Yahoo
Major Food Supplier That Supports Whole Foods, Walmart and Target Hit by Cyberattack—Here's What to Know
Major Food Supplier That Supports Whole Foods, Walmart and Target Hit by Cyberattack—Here's What to Know originally appeared on Parade. In our increasingly digital world, it's becoming harder and harder to distinguish between what's real and what's been generated by some all-powerful computer that feeds off of the data we give it to inform us of things we could probably find out by doing our own independent research. Sure, it's incredibly fast and in some cases democratizing, but is it really better to rely on software and programming to tell us everything we need to know in less time than it takes to warm up a slice of pizza? What about, I don't know, just picking up a book? We don't even know ourselves anymore. Am I AI? Am I dancer? The answer remains inconclusive. 😋😋SIGN UP to get delicious recipes, handy kitchen hacks & more in our daily Pop Kitchen newsletter🍳🍔 Regardless, it's been said that once a fuse is lit, it can no longer be put out, and it appears my friends that we're only seeing the beginnings of the flame. With most systems being digitized entirely, or at least backed up to some version of the cloud, without the right security and protocols in place, the information stored in these seemingly invisible data centers is ripe for cyber criminals to have a field day. Add in an ease to the rules in place that protect us from such attacks, and it's only a matter of time before catastrophe strikes. In the case of national food supplier United Natural Foods, that's exactly what Rhode Island-based food distributor shared in a June 9 filing with the Securities and Exchange Commission that they had discovered unauthorized activity on internal networks, causing major disruptions to their supply chain and ability to fulfill orders. As one of the largest U.S. grocery distributors of organic goods and healthier food options, United Natural supplies chains such as Whole Foods, Walmart, and Target, all of which are considered major retailers by consumers. To stop the attack, the company has taken certain systems offline and is investigating the source of the threat; however, it does anticipate that the incident will continue to affect its ability to fulfill orders. While we can't say for certain that we'll see any empty shelves, attacks like these are becoming increasingly more common, and there is the potential for it to disrupt our supply chain long-term. Not saying the solution is to go back to paper ledgers and filing cabinets, but maybe it would be a good idea to stop worrying about people exercising their right to peacefully organize, and more time actually protecting each other. Just a Food Supplier That Supports Whole Foods, Walmart and Target Hit by Cyberattack—Here's What to Know first appeared on Parade on Jun 10, 2025 This story was originally reported by Parade on Jun 10, 2025, where it first appeared.
Time of India
09-06-2025
- Business
- Time of India
Indian banks must urgently embrace AI, privacy technologies to comply with DPDP Act: Report, ET LegalWorld
Indian banks must urgently adopt artificial intelligence (AI), privacy-enhancing technologies (PETs), and privacy-by-design strategies to effectively comply with the Digital Personal Data Protection Act (DPDPA), according to a report released by Protiviti. The report, titled "Navigating DPDPA in Banking: Compliance, Impact, and AI-Powered Strategies for Futureproofing", was unveiled at the 4th IBA CISO Summit 2025, hosted by the Indian Banks' Association. It highlighted that the regulatory and operational impact of DPDPA will be far-reaching, and banks must re-engineer their critical functions to align with privacy-by-design principles in order to meet the requirements of India's most comprehensive data protection law to date. Advt Advt The report offered sector-specific insights, guiding banks on how to harmonise DPDPA compliance with existing regulations issued by the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI).It also identified unique privacy risks for the banking sector, including algorithmic profiling, third-party data sharing, and challenges in managing customer consent. An operational playbook is presented to help banks integrate privacy-by-design principles across core functions such as Know Your Customer (KYC) and fraud detection, along with strategies to automate compliance the report highlighted the role of technology and AI in enabling scalable and efficient privacy noted that due to the volume and sensitivity of personal data handled, banks are likely to be classified as Significant Data Fiduciaries (SDFs) under DPDPA. This status brings enhanced obligations such as conducting Data Protection Impact Assessments (DPIAs), ensuring algorithmic transparency, performing regular data audits, and appointing a Data Protection Officer (DPO).The report advised that compliance should not be treated as a one-time project but rather approached through a risk-based, adaptive operating model that can evolve with emerging threats, regulatory developments, and technological advancements. It also encourages banks to embed AI wherever suitable to enhance operational efficiency and streamline privacy report also pointed out the urgent need for stronger data governance, cross-functional accountability, and AI-driven privacy solutions within the banking sector. It stressed that regulatory alignment, customer trust, and digital innovation must move forward also noted that the DPDPA will overlap with sector-specific guidelines from RBI and SEBI, adding new layers of instance, existing RBI data retention rules will need to align with DPDPA's principles of data minimization and storage limitation, while breach reporting obligations must cater to both financial regulators and the new Data Protection Board of India. (ANI) Join the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. Download ETLegalWorld App Get Realtime updates Save your favourite articles Scan to download App
Yahoo
09-06-2025
- Politics
- Yahoo
How can US cities resist Trump's mass deportation agenda? Look to Chicago
'Know Your Rights' posters, with critical information for interactions with Immigration and Customs Enforcement (Ice) officers, are all over the city of Chicago. Plastered across subways or advertised along local bus routes, the Know Your Rights campaign is a coordinated effort on the part of city officials and local immigration advocacy groups to alert individuals of their rights during interactions with Ice. The posters are evidence of Chicago's activism, long history of protecting its rich immigrant communities and resistance to attempts by previous administrations to weaken their protections. But now, as Donald Trump continues to roll out unprecedented attacks on immigrants – notably increased detentions and deportations without due process – organizers are stretched thin and scrambling to expand traditional tools used in the fight for immigrant rights to accommodate ballooning needs. 'I've been around since the beginning [in 2012], when we pivoted into doing multi-generational, anti-deportation work,' said Antonio Gutierrez, a co-founder of the immigrant advocacy group Organized Communities Against Deportations (OCAD). 'We have never felt as stressed out or at capacity, even during the first Trump administration.' Since he took office in January, the president has worked to fulfill campaign pledges to carry out mass deportations after promising to remove 'millions and millions of criminal aliens'. The latest figures show sharp increases in detentions and deportations after Trump expressed anger at plateauing levels earlier this year. On 3 June, Ice officers arrested more than 2,200 people, a record high. As of 23 May, nearly 49,000 people are in Ice detention, NBC News reported. In April, more than 17,200 people were deported, a 24% increase compared with last year. These figures represent the first time in Trump's tenure that deportations have outpaced those during the Biden administration. The Trump administration has also rolled out unprecedented attacks on immigrant rights. More than 200 people have been removed from the US and transported to El Salvador's notorious Terrorism Confinement Center (Cecot), many without any form of due process. Kilmar Ábrego García, 29, was removed from the US on 15 March and has yet to be returned despite the supreme court ordering that the US 'facilitate' his return and the Trump administration admitting that he was removed due to an 'administrative error'. 'Our perspective is that there is no law and order,' said Gutierrez of OCAD's view on the state of US immigration. They added: 'We continue to see that this current administration is going unchecked by many different things.' Compared to other cities, Chicago is better situated than most to navigate Trump's assault on immigration – a fact that Trump officials have pointed out. Following Trump's election win in November, his so-called 'border czar', Tom Homan, announced that mass deportations would begin in Chicago. Homan warned Chicago's mayor, Brandon Johnson, and other Democratic officials to 'get the hell out of the way'. But in January, Homan complained that Chicago was 'very well educated' in its ability to resist Ice agents. Johnson defended Chicago's protections for undocumented immigrants before a Republican-majority Congress. Related: Ice arrests at immigration courts across the US stirring panic: 'It's terrifying' Chicago organizers have implemented a swath of strategies to resist efforts from Ice, responses rooted in collaboration between organizations that have been in place dating back to the first Trump administration. OCAD holds regular community meetings with its clients to educate on the near-daily changes in Trump's anti-immigration tactics, with meetings now occurring bimonthly. OCAD and other collaborators also oversee rapid-response groups that monitor Ice activity. As demand for services increases, volunteer interest has also surged, another tenet of Chicago's activism culture. Volunteer interest in anti-deportation efforts has increased by 300% since 2024, Gutierrez noted: there are now more than 400 volunteers working in 27 neighborhood response groups. But there's still 'definitely a strong sense of fear' among immigrants in Chicago as Trump threatens to ramp up deportations, said Gutierrez. OCAD's hotline, which handles calls for Ice sightings and other immigrant-related questions, has seen an increase from five calls a month last year to more than 100 each day in the weeks following Trump's inauguration. Now, the hotline averages about 50 calls per week. Beyond deportation, immigrants across ethnicities have expressed concern about Trump's attacks on green card holders, birthright citizenship or overall delays in visas, several advocacy groups said. Even with its robust organization efforts, Chicago immigrant advocacy groups have still faced considerable challenges. Conservative city council members attempted to change Chicago's sanctuary city status in January, allowing police to collaborate with Ice in certain circumstances; Illinois Republican state legislators have tried to implement similar laws. Such attempts have failed. Chicago has remained 'pro-immigrant for decades', said Gutierrez, a stance that is evident through the city's extensive policies protecting immigrants of all statuses and its resistance to conservative attempts to roll back progress. Back in 1985, then mayor Harold Washington signed an executive order making Chicago a sanctuary city, and neighborhoods such as Uptown, Albany Park and Little Village served as hubs for arriving immigrants of all backgrounds. Social services providers such as World Relief and Refuge One set up offices in those communities, collaborating with local landlords to secure housing for refugees. Immigrant advocates have worked for decades to limit the power of Ice in Chicago communities. In 2012, Chicago's city council passed the Welcoming City ordinance, which restricts city agencies from providing information on undocumented immigrants to Ice or inquiring about an individual's immigration status. Ice is also not allowed in Chicago public schools and school officials are not allowed to share student information, as written in the 2019 Chicago Teachers Union contract. These safeguards were reaffirmed in CTU's latest contract, which passed in April. At the state level, officials have passed laws to protect immigrant rights, said Brandon Lee, communications director at the Illinois Coalition for Immigrant and Refugee Rights. Members of the ICIRR have previously lobbied the Illinois state legislature to enact the Trust Act, a 2017 bill which prohibits local Illinois law enforcement from carrying out immigration enforcement. Getting the Trust Act passed and subsequent additions to the law was a 'years-long campaign' with a coalition of organizations, said Grace Pai, executive director of Asian Americans Advancing Justice – Chicago. 'There were a lot of pieces of follow-up legislation to add on additional protections that weren't passed in that first piece of legislation, but that's legislation that we're obviously really proud to have,' she said. Such laws have limited the ability for Ice to gain access to sensitive information from police collaboration, a critical tool for resistance as the Trump administration attempts to use police for immigrant detention efforts. That strategic organizing is only possible due to a statewide network of organizations that has existed for decades, said Lee. Every year, the ICIRR organizes advocacy days during the legislative session during which member organizations and their constituents lobby Illinois lawmakers. Related: 'They're hurting our children, our babies': US schools on high alert amid Trump immigration raids Educating constituents has remained critical for immigrant groups. A coalition of groups share resources, including translations of educational material, said Grace Chan McKibben, executive director of the Coalition for a Better Chinese American Community (CBCAC). Beyond the citywide Know Your Rights campaign, groups are often working to combat misinformation through sessions and information blasts, said McKibben, or working with non-immigration groups to make sure immigrants sign up for benefits they are eligible for, such as food assistance and healthcare services. On the policy side, groups still collaborate to lobby representatives to support pro-immigrant initiatives. Every May on Asian American Action Day, the CBCAC, Asian Americans Advancing Justice and other Chicago groups travel to Springfield, Illinois's capital, to advocate for laws including funding for immigrant-specific programming. More than 500 people joined the lobbying efforts this year, an increase from the 300 to 400 people who have attended in previous years. The ability for Chicago organizers to respond to Trump's anti-immigration rollout comes down to 'building relationships so that there's trust and care for each other', said McKibben. 'That's what's remarkable about the Chicago model of organizing. [It's about] how connected the organizations are. It takes coordination, communication and a common commitment to what is good for the group.' Still, the fight to protect immigrant rights continues, especially as Ice arrests people at record levels. Just Wednesday, Ice agents in Chicago detained at least 10 people at a routine check-in for a monitoring program, including an OCAD member. Chicago police department officers were also onsite, generating concern about the possibility of potential collaboration between the two agencies. ICIRR has asked the Illinois attorney general to investigate whether or not there were violations of the state's Trust Act. 'Yesterday was an escalation on the part of Ice, all in the name of meeting the cruelty quotas set by Trump and Stephen Miller,' said Lee. 'Everyday neighbors from across Chicagoland were apprehended, lured into a trap. This tactic Ice deployed … is now forcing families into impossible situations with no good outcomes and incredible risk.' As Chicago organizations continue to fight against Trump's immigration crackdown, activists are encouraging other cities to create their own networks of advocacy. Due process, judicial accountability and other rights are being eroded, but the strength of solidarity is not.
