The use of credit cards has increased tremendously nowadays. Banks, which once considered many factors for granting credit cards, are now offering credit cards easily in the face of increased competition. Private banks especially offer credit cards with various offers. Due to this, the number of people using credit cards beyond the requirements is also … Read more
A credit card is handy when cash is not readily available for daily expenses. When used properly, a credit card can provide a repayment period of at least 45 days without incurring additional charges. Learn about these five myths about credit cards. Before using a credit card, knowing several vital factors is essential. In addition … Read more
In today’s digital age, almost everyone uses credit cards for various purposes, such as lounge access, fuel, and shopping. However, many people consider closing unused credit cards to reduce unnecessary expenses. But is it profitable to do so? Let’s find out. Credit Utilization Ratio: The Credit Utilization Ratio (CUR) is the percentage of the credit … Read more
Many people use credit cards for various purchases and payments, often without having to pay immediately. Credit cards are widely used for their convenience in allowing spending now and paying later. They typically come with an interest-free period of 20 to 50 days, during which cardholders must pay their dues. If payments are missed, the … Read more
The Unified Payment Interface (UPI) is widely used in India to make payments, from grocery purchases to hospital bills. The National Payments Corporation of India has now allowed UPI payments to be made using credit cards, which only applies to Rupee network cards. Rupee credit card users can link their UPI ID to make payments. … Read more
Many of us may need money in an emergency, which could arise multiple times. If we can’t turn to relatives or friends for help, we may consider taking a personal loan from a credit card company or a bank. Most banks offer loans, and credit card companies provide similar services. Many people receive loan offers … Read more
Are you considering increasing your credit card limit? When used responsibly, a credit card can be a reliable financial tool during emergencies and offer a range of benefits. It’s a smart choice for managing your finances. However, the limit on your credit card may prevent you from borrowing the required amount of money. So, how … Read more
Even if you make timely payments, your credit score might need improvement. It is influenced by a key factor called the Credit Utilization Ratio (CUR), which is the amount of credit you use compared to the total credit available. For example, if your credit card limit is Rs.1 lakh, ensure your usage is within Rs.30 … Read more
Get Cashback: Credit cards are versatile borrowing tools, but they can be more than that if used strategically. However, if misused, credit cards can lead to losses. Credit cards offer many benefits, including reward points, cash back, and gift cards. Most people need to know how to take advantage of these benefits. Those aware of … Read more
Some ATMs have experienced issues where the entire card goes into the reader instead of being swiped to withdraw cash. After the transaction is complete, the card will be returned. However, there have been reports of criminals manipulating the ATM card reader to trap the card. Criminals install false card readers in ATMs to capture … Read more