The Vibe Journal: Finance Blogs

Virtual credit cards (VCCs) are digital copies of regular credit cards offered by issuers upon your request. These cards help protect your card details, especially when making online transactions. This is especially important in recent times due to the increase in fraud, hacking and fake websites impersonating genuine e-commerce platforms.  When you generate a virtual …

Credit cards have become increasingly popular and therefore, credit card validation has become more pertinent than ever. The validation process helps ensure the card number is valid. While the process is complex, many online credit card validators make this easier, simpler and quicker.  Read on to learn how credit card validators work, their importance, benefits …

Investing in a chit fund and applying for a personal loan are a few options financial institutions offer to help you manage financial needs. However, before choosing an ideal option, you need to understand their meaning, differences and benefits.  While a chit fund is an informal option for borrowing and saving money, a personal loan …

A credit card is a handy tool to fulfil your short-term goals with the help of a pre-approved credit limit. If you are in need of a higher amount to meet an emergency and need more time to repay it, you can opt for a loan on a credit card.  Similar to other borrowing options, …

The newly launched Fibe Credit Card is a co-branded card launched in collaboration with Axis Bank and comes with attractive features and benefits. With it, you can make every transaction more convenient and rewarding.  One of its many standout features compared to traditional credit cards is that you can link this numberless RuPay credit card …

Whenever you take debt, interest accrues on the amount borrowed, usually calculated based on a pre-determined interest rate. Accrued interest plays a key role for both borrowers and investors, as it helps determine the amount due for a loan, bond or other type of debt.  Knowing how accrued interest calculation is carried out is crucial …

Knowing the current prime rates or prime lending rates is important if you plan to apply for a loan. This is the interest rate that financial institutions charge borrowers with high creditworthiness. The prime rate impacts the interest rate on credit cards, home loans and other types of credit you plan to take.  Read on …

Most banks now offer the facility of auto sweep with a minimum balance on savings accounts, which has become popular amongst account holders. While regular savings accounts offer interest, it is often below the inflation rates.  However, the auto sweep account interest rate is higher than the savings account rates, allowing you to earn higher …

Credit card issuers increase your limit based on your financial profile and creditworthiness. They look at factors like your income, existing debt, number of cards, job status, repayment history and credit score.  A higher limit gives you more spending power for shopping, essentials, food, travel and entertainment. Want to boost your credit limit? Here are …

Knowing more about the differences in features of personal loans vs credit cards is important so you can choose the right one during times of need. To ensure you can meet and address your financial obligations, figuring out which of these supports your needs for quick and restrict-free usage is key. Read more below to …