Category: Credit Card

All the money you borrow from a bank would attract some cost. Credit card is also a type of borrowing and it comes with fees and charges. Before getting a new credit card, you must learn about the fees and charges associated with it and the relevant terms and conditions. The cost of your credit...

It is super convenient to have a wallet that has multiple credit cards. The important question remains how many credit cards should you ideally have. If you want a basic credit card for occasional use to probably make small payments online or offline, then having one credit card might be sufficient but if you are looking to maximize your rewards or to build your credit score then having at least two credit cards could be a great strategy for your long-term goal.

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.

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 can be a great addition to your wallet but only if used wisely. Reckless use of your credit can result in a debt spiral that can ruin your budget and eat into all your future income. However, credit card debt is not a life sentence. There are multiple ways how you can get…

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…

Ever since credit cards made their way into our country, their demand and usage has seen several ups and downs. Even today, you can find a group of people who love to use credit cards and a group that is completely against it. So, what is the right path? Are credit cards good or bad?…

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…