If you regularly use a credit card, it is vital to be aware of the key rules including the annual fee, late payment charges, high rates of interest, minimum charges and the interest-free period. Importantly, you should make sure that you stay away from the common myths that are believed to be true by the … Read more
If you are planning to apply for a credit card and are exploring a range of services that can take your experience a notch higher, then you may avail a range of premium services. Although these services vary from bank to bank, one can pick them according to their special preferences. Here we share details … Read more
On 8th August 2024, the Reserve Bank of India (RBI) made an important announcement about the frequency of credit information reporting by banks/NBFCs to credit information companies (CICs) like CIBIL and others. What is this announcement, from when is it applicable, and how will it help banks/NBFCs and borrowers? Let us understand. Credit information to … Read more
Travelling the world is an exhilarating experience, but it’s essential to be prepared for the unexpected. Many credit cards come with built-in travel insurance features that provide financial protection against a variety of travel-related incidents. From trip cancellations and disruptions to lost luggage and medical emergencies, these benefits can offer both peace of mind and … Read more
Credit cards offer a host of benefits for customers. Cashback rewards are one of the major attractions in credit cards for users. Cashback refers to the percentage of money that is credited back to the customer’s credit card account for the purchases she/he has made. The percentage can be as high as 5% of the … Read more
As digital payments become increasingly integrated into our daily lives, credit card technology is evolving to meet the changing preferences of consumers. From contactless payments to mobile wallets, several trends are reshaping the financial landscape in India. Let’s explore the latest advancements in credit card technology and how they enhance user experience. Also Read | … Read more
Credit card statements can often feel overwhelming due to the wealth of information they contain. However, grasping the details of your statement is essential for effective financial management. By understanding your statement, you can gain insights into your spending habits, identify any discrepancies, and make informed financial choices. What are credit card statements? A credit … Read more
In today’s consumer-driven society, credit cards have become an essential financial tool. While they provide convenience and flexibility, they can also lead to significant debt if not used wisely. Failing to pay credit card bills on time can create serious financial problems. Let’s explore effective strategies for managing credit card debt and regaining control over … Read more
A structured budget is essential for managing your finances effectively. It not only helps during emergencies but also secures your financial future. While credit cards can be a double-edged sword, when used wisely, they can significantly enhance your budgeting efforts. The key risk lies in impulsive spending, which can lead to debt traps. However, with … Read more
In today’s fast-paced financial landscape, credit cards have evolved beyond just a means of payment. They now serve as a vital financial tool that offers various supplementary benefits, including diverse insurance coverage. Understanding the available insurance options can provide essential protection against unexpected events, enhancing the value of your credit card. The role of credit … Read more