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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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 …
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Credit cards are a great way to access quick credit, but they can also lead to credit card debt if not used responsibly. This is because they generally come with high-interest rates. Thus, they have the potential to push you into debt if you don’t plan repayment efficiently. To know more about credit card debt, …
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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 …
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Complementary access to airport lounges with credit cards can be a real boon during long waiting hours before boarding a flight. For frequent flyers, this facility provides a great respite from the chaos and stress of travelling. By availing of free credit card lounge access, you can also save yourself from this costly expense. To …
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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 …
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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 …
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