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
If you have multiple credit cards, you can take advantage of some helpful strategies. Credit card use, known for convenience, has increased significantly, even in remote areas, with most transactions now being made with credit cards. Use credit cards strategically to take advantage of the interest-free billing cycle. The period between the date of a … Read more
RBI Guidelines on Credit Card Management: A credit card can be a bane for many people when cash is not readily available during emergencies. Also, if you want to increase your credit score quickly, a credit card is a good tool. You can build a good credit history by paying the bills on time and … Read more
Virtual Credit Cards (VCCs) are a unique digital transaction method. They stand out from physical credit cards as they are exclusively for online use and eliminate the need for a physical card. You need a credit card or bank account to obtain a VCC, as many banks issue VCCs with varying rules. Obtaining a VCC … Read more
Some people have credit cards but don’t use them, while others only use their credit cards for emergencies once or twice a year. Although not using a credit card may not cause immediate consequences, it can lead to negative situations in the long run. Many people use credit cards to improve their CIBIL score, which … Read more
Are you looking for a great credit card? Consider metal credit cards, which offer numerous advantages over regular ones. Lower interest rates and higher reward points make them a smart choice for various financial needs, including emergencies. While metal cards typically have higher annual fees, they provide exclusive perks such as increased rewards and special … Read more
Closing a credit card: With the increasing use of credit cards and the attractive offers from banks, many individuals may find themselves needing to close their credit cards. This could be due to difficulties paying bills on time, high annual fees, or a desire to reduce the number of credit cards they have. Methods for … Read more