The Vibe Journal: Finance Blogs

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 …

Want to know how to check credit card expiry date online? It’s simple! Your credit card’s expiry date is usually printed on the front, but you can also check it online through your bank’s net banking portal or mobile app. Keeping track of your card’s expiry date ensures you don’t face payment failures or transaction …

When you apply for a secured loan, the value of the collateral you provide determines the loan amount you can get, which is referred to as the loan-to-value (LTV) ratio. Simply put, it is the ratio of the value of the asset you put up as collateral and the amount you receive as a loan.  …

Bridge loans are a type of financing option that, true to their name helps you bridge the gap between you and your goals. With advancements in fintech, getting loans for urgent requirements is now easier than ever. However, in some instances, you may face a delay and access to funds may take some time.  In …

Every credit card user wonders, ‘how to know credit card balance’ at least once. Before learning about that, you need to understand that the card balance differs from the credit limit. The credit limit is the maximum amount sanctioned by the issuer, but the balance is the remaining credit limit after its usage.  By initiating …

Want to know how banks decide your credit card limit and why it may differ from someone else’s? Your credit card limit depends on things like your income, credit score, repayment history and existing debts. Banks use these to check how much credit you can manage safely. So if your limit feels low, there are …

If you want to send money from credit card to bank account instantly, you’ll be glad to know it’s a simple process that can help you manage urgent expenses when your bank balance is low. It’s also useful when you can’t use your credit card directly for certain payments.   This blog explains how to transfer …

Keeping credit card and debit card differences in mind can help you choose your preferred option to achieve your financial objectives. As two of the popular modes of payment, these cards simplify your shopping experience by avoiding the risk of carrying cash. Both cards share some common features, while their key benefits vary vastly.  Choosing …