Author: Rupanshi Thapa

Credit cards come with a credit limit and it is the maximum amount that you can spend on your card. In order to maintain a lower credit utilization ratio, you should keep your credit card balances well below this limit. And when you use up the entire limit available to you, or are very close to exhausting the limit, your card is maxed-out. So, if your total credit card limit is Rs. 1 Lakh and the overall balance due is Rs. 1 Lakh, this means you have maxed out your credit card.

Credit cards offer multiple travel benefits including airport lounge access, low foreign exchange markup rates, hotel memberships and air mile earnings. All of these help you in reducing the cost of your travels either in the form of complimentary services or by offering rebates on certain expenses. In this article, we will talk about air miles- what they are and how you can use them to your advantage.

Nowadays, we have so many things in our wallet other than cash- credit cards, debit cards, retail store cards, loyalty program cards, identity proof, etc. In such times, losing a wallet is no less than a nightmare. You would have to call so many different banks to block the cards and request new cards. Though…

India is mainly an agricultural country. More than 60 percent of our population depends on agriculture for their livelihood. Despite this, the Indian farmer is almost always in debt. Lack of agricultural credit or the access to it forces the farmers to resort to unorganized sector, such as moneylenders, for loans. Though the moneylenders may…

Credit cards have made payments easier, not only for individuals but also for small businesses and corporates. Almost all major credit card issuers are offering business credit cards. If you are a business owner, a credit card designed specifically for business expenses would be better than using a personal card that has benefits aligned to…

Do you remember your dad’s good old travel advice to divide cash in multiple wads and keep them in different bags? This was quite a clever hack to save you from a cash-crunch if you lost your wallet. But those days of relying solely on cash are long gone. Plastic money, especially credit card, has…

With the year-end just round the corner, you may be planning on how to spend New Year’s Eve and start afresh with everything next year. While it may be quite tempting to push off financial planning to the next year, there are a number of important things that need prior attention. Credit card debt is…

The Indian credit card market is dominated by a few major players along with numerous other banks that are trying hard to reach more customers. With such high competition, credit card issuers keep looking for ways to outdo each other especially in terms of customer acquisition. Offering pre-approval on credit cards is one such way…

Credit card marks the beginning of your credit journey. Most young adults would like to be a part of the professional and mature crowd. So, when a bank reaches out to them to offer a credit card for the first time, it can be quite an exciting feeling for them. However, it is important to…