Being a millennial with student loans and new careers can be overwhelming. However, by making strategic financial decisions, you can secure your future. This guide offers essential tips to help millennials manage their money wisely and achieve long-term financial goals. Gain financial literacy: Financial literacy is crucial for solid financial planning. It provides the knowledge … Read more
The devil as the saying goes, lies in the details. And with your credit scores this very much holds true. Three numbers, i.e. your credit score will reflect on how they view your approach towards money and how far your discipline towards money goes. And these three numerals make a world of difference whether you … Read more
Students planning to go abroad for higher studies tend to apply for a forex prepaid card with foreign currencies loaded into it. Almost all major banks in India offer forex prepaid cards. One such card, Student Sapphiro Forex Prepaid Card, was launched by ICICI Bank recently. Meant for students who are planning to study abroad, … Read more
Spending money overseas through credit card does not come under the liberalised remittance scheme limit yet, but it may change in the near future. And if it does, credit card users may have to cough up 20 percent tax collection at source (TCS). As per a media report published recently, bringing credit card spend under the … Read more
HDFC Bank will implement revised credit card terms effective August 1st, 2024, aligning them closely with industry standards observed by other banks. The revised credit card terms include: HDFC Bank will introduce a new fee structure for credit card rent payments made through third-party apps such as CRED, Paytm, Cheq, MobiKwik, Freecharge, and others. The … Read more
Dr. Bhalla’s creditworthiness was severely affected by the incident, hampering his access to credit. He pursued legal recourse and successfully resolved the case. This situation is not unique, as many individuals frequently suffer from credit card issues caused by errors and unnecessary complications, resulting in significant personal and financial repercussions. Many fail to grasp the … Read more
So you have your credit card and your bank has given you an offer of some tempting loan offers. You have been eying those money splurging dreams that you have been waiting so hard for, that trip to Bali or London, that fancy bike, that LCD TV, etc. You have the urge to max out … Read more
What is a secured credit card? It is a type of credit card issued against the security of a fixed deposit. If you don’t have a CIBIL score, you can open a new fixed deposit or offer an existing fixed deposit and ask the bank to offer you a secured credit card against it. The … Read more
Restrictions have been implemented by the Reserve Bank of India (RBI) to protect consumers from unsolicited credit cards. This law was put into effect by the RBI to safeguard you against unsolicited credit cards and the risks associated with them, such as Unwanted debt: Since you did not budget for the credit line, unanticipated debt may … Read more
Gifted money does not impact your CIBIL score in a direct way. But it can, and does, affect the score positively in the following scenarios: you invest the gifted money into a scheme and improve your financial situation, use the gift received in cash to retire a debt, or use the same to give the … Read more