The Vibe Journal: Finance Blogs

A credit card offers customers the convenience of cashless payments along with financial flexibility for shopping, travel and emergencies. Every credit card comes with a pre-approved spending limit, known as the credit card limit, which is the maximum amount a customer can use.  With credit card usage in India crossing ₹1.8 lakh crore in monthly spending, banks carefully decide these …

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 …

Credit card skimming is becoming a growing threat in today’s digital world. Scammers use a physical device called a skimmer to steal your credit card details. With your sensitive information at hand, they carry out fraudulent transactions using your card.  To know about how skimmer works, what you can do to prevent it and more, …

Understanding the billing cycle of a credit card is crucial to ensure that you use your card efficiently and responsibly. A credit card billing cycle is roughly one month. Once this cycle is complete, the credit card company compiles your transactions and provides a statement detailing all essential information along with the total outstanding amount …

Credit card debt is the amount of money you owe to a bank or financial institution for purchases, cash withdrawals or balance transfers that are not repaid within your billing cycle. It is a revolving form of credit, which means the unpaid balance carries forward to the next month. Since it is an unsecured facility, …

Have you heard of the term ‘settlement of credit cards’? This is an option you can rely on when you do not have the funds to pay your credit card bill in full due to the loss of a job or a financial emergency.  It involves coming to an agreement with your credit card company …

Long security lines, crowded waiting areas and delayed flights can make your travel experience stressful. Credit cards that offer complimentary access to airport lounges provide an escape from this hustle and bustle.  Airport lounges offer you a relaxing place with comfortable seating, complimentary WiFi, and food & beverages. You can access this facility not only …

Getting your first credit card is rewarding but can also be challenging. As someone who’s new to credit, you may not have an ideal credit score or history. This makes financial institutions hesitate when it comes to approving your application.  After all, a strong credit history and score reflect creditworthiness, whereas its absence implies a …

Travelling with a credit card can be a great move as it allows you to pay safely and enjoy a range of cost-saving benefits. These include racking up rewards points on all transactions, redeeming them for flight tickets and hotel bookings, enjoying discounts at dining/retail partners and more.  By using your credit card efficiently and …