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 …
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A loan against credit cards is a quick and convenient way to access funds when you need to bridge a monetary gap. Many credit card issuers allow you to avail of an instant loan on the unutilised credit limit of your credit card. The best part about these loans is that you don’t need additional …
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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 …
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Issuers increase the limit of credit cards based on your creditworthiness and financial profile. Some common factors that most issuers assess include the following: Annual income Existing debt Number of credit cards in your name Employment status Repayment history Your credit score Having a card with a higher limit allows you to spend more, enhancing …
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The validity of a credit card is something that you may wonder about: Why does it exist and what purpose does it serve? Before you find out why a credit card’s expiry date is important, keep in mind that knowing when it expires is the key to using it seamlessly for all your transactions. After …
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You can easily check your credit card balance using various options that issuers provide. Doing so helps you stay on top of your finances without much hassle. Your credit card balance is the total amount you have utilised, which you must repay on time. This differs from the credit limit, which is the maximum amount …
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Credit card companies consider several factors to calculate credit card limits. This limit refers to the maximum amount of credit an issuer extends. So, knowing how financial institutions determine this limit is crucial. Remember, the max credit card limit in India varies across issuers and individuals as it is based on internal policies as well …
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Wondering how to transfer cash to a bank account from a credit card? While it may seem like a hassle, it is actually a simple process that can help you when you have insufficient funds in your account. It can also come to your aid in instances where you cannot transact with your credit card. …
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The main difference between credit cards and debit cards is that the former involves borrowing credit. Thus, using a credit card affects your credit score. Both cards share some common features while also offering some unique features. Choosing the right one is thus crucial for effective financial management. Thankfully, there are some credit card and …
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Credit card skimming is a kind of finance theft that has become more common in the recent past. Here, scammers use a 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 the meaning of card skimming and how …
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