The FinTech Hub
Source: Live Mint In a credit card monthly statement, you will see two amounts due. One is the minimum amount due (MAD), and the second is the total amount due (TAD). While making the monthly bill payment, the bank usually gives you three payment options: MAD, TAD, and any other amount. Which out of these…
Source: Live Mint In today’s rapidly evolving digital age credit card transactions have now become commonplace in India. Still, instances of extremely high and incorrect charges or unauthorised transactions are not at all uncommon. That is why, clearly understanding the dispute resolution process is important for credit card users to safeguard and defend their financial…
Source: Live Mint At the end of the credit card billing cycle, the credit card company sends you the bill and gives you two weeks to clear it. You would typically have two options at this stage: pay the credit card bill in full or only pay the minimum due. However tempting it may appear,…
Source: Live Mint The task of managing credit card payments proves challenging because multiple due dates exist. Both your credit score will suffer from late payment along with substantial late fees. Enabling auto-pay provides a simple solution that ensures your payments reach on time thus delivering comfort alongside automated payment functions. This article explains credit…
Source: Live Mint Credit card users are usually not recommended to keep their card bills outstanding. And when they have a pending bill, they have two options: to pay in full or to only pay the minimum outstanding. When you pay the minimum due, you are meant to pay only 5 percent of the total bill…
Source: Live Mint The successful control of credit card usage requires proper understanding of financial terms that impact your monetary state. You should remember the financial term outstanding balance or outstanding amount. If you want to summarize all your liabilities to your credit card issuer you should call it your outstanding balance. This section examines…
Source: Live Mint It is common practice to administer a number of credit cards in the networked financial world of today. It can sometimes happen when there are unforeseen financial pressures, such as an upcoming credit card obligation and a lack of funds in your checking account. Here we will outline the process of using…
Source: Live Mint Managing credit card bills can be difficult, especially when the bill amount is large. To take away this financial burden, many credit card issuers give you the option to convert the bill amount into Equated Monthly Instalments (EMIs). Although this may provide you temporary relief, it is important to know how this…
Source: Live Mint If you own a credit card, it is essential to pay bills on time to avoid interest and other related fees. India’s biggest bank, the State Bank of India, offers credit cards in multiple categories. Some of the credit cards offered by SBI are SBI Simply Save, SBI Simply Click, Cashback SBI…
Source: Live Mint If you are looking for a credit card and do not want to cough up a large sum towards the annual fee, you may consider applying for SBI Card Unnati. The annual fee for the card is ₹499, which is waived off for the first four years. Additionally, this card offers a range of reward…
