If you have a credit card, a number of people would have advised you to keep the credit utilization ratio under 30 percent. What is this ‘credit utilization ratio’ and why is it so important? There are several factors that impact your credit health; one of these is the credit utilization ratio. It is the…
If you have been making regular payment towards your credit card, one missed EMI might not look like a big reason to worry. However, missing even a single EMI is a bigger deal than you might have imagined. Although bank representatives won’t show up at your door demanding immediate payment, they will definitely impose numerous…
When you plan on travelling to a foreign destination, foreign exchange rate is among the first things to consider. There has been much debate on how much money you should carry to a foreign country and in what mode. Plastic money, like international credit cards and debit cards, are quite popular among travellers but they…
If you have not used one of your credit cards for quite some time, the thought of closing it must have crossed your mind. However, when it comes to personal finance, the seemingly practical option may not always be the right one. Cancelling a credit card may hurt your credit score; this is why a…
Co-branded credit cards are the ones that are launched in collaboration with well-known brands and offer extra benefits when users avail the products or services of the associated brands. It started as a rage in the US when banks started launching cards in association with airline brands and hotel chains; lifestyle and departmental stores soon…
Credit cards can be a big help for everyone but they have really come as a rescue for frequent travellers. Airport lounge access can help them save a lot on their overall travel expenditure. A number of premium and super-premium credit cards are available in the market that not only offers complimentary airport lounge access…
Cashback is one of the hottest trends nowadays, especially among online wallets. But did you know that credit cards have been offering this benefit, since the beginning? While only a few credit cards in India offer direct cashback, a number of them provide the facility of easily converting reward points into statement cash credit. The […]
Several credit card holders in India are not happy with the card they own and hence they keep switching from one card to another. Finding the right credit card is not just about rewards and benefits; a number of other factors should also be taken into consideration. One of these factors is your income. So,…
Recently, the news about banks holding back on new home loan overdraft accounts has been floating in the market. Banks that are not completely closing this product are looking forward to tightening the regulations around it such as ceiling the money in overdraft account. So why is this happening? Why are banks shying away from…