The FinTech Hub
Source: Live Mint As credit card usage surges across the country, so do the associated risks and pitfalls. Recently it has been witnessed that with the rise in the use of credit cards there has also been an escalation in defaults, particularly among younger users tempted by easy credit and rewards. Here are five risks…
Source: Live Mint When used judiciously, credit cards can offer several benefits like instant discounts/cashbacks, up to 50 days interest-free credit period, complimentary airport lounge access, reward points, etc. However, if the monthly bill is not paid by the due date, the cardholder has to pay finance charges and monthly interest of up to 3.75%…
Source: Live Mint Have you run up a huge credit card bill? Finding it tough to make the bulk payment in a single stroke? Converting some of your big-ticket transactions on your credit cards into EMIs (Equated Monthly Instalments) to ease the pressure can well be the answer. But there are several things you must…
Source: Live Mint All credit cards come with a pre-set credit limit. A cardholder can use the card up to the specified limit. If the usage exceeds the credit limit, some banks allow transactions up to a specified amount and charge an overlimit fee. On the other hand, some banks decline the transaction beyond the…
Source: Live Mint Purchasing a car is a major financial commitment, and the idea of using a credit card for the payment may seem appealing, particularly if you’re aiming to earn rewards. While this method can offer benefits, it’s essential to weigh the pros and cons carefully. This blog will guide you through the important…
Source: Live Mint Credit cards are a great way to shop smartly while avoiding a burn in your pocket. Money transfer between a credit card to a bank account is a convenient way in case you are facing financial problems or you have urgent expenses or personal emergencies. Though generally intended for transactions and purchases,…
Source: Live Mint Financial emergencies are something that can strike at any time. While we cannot prevent them, what we can do is stay prepared with an emergency fund and cushion their financial impact. In this article, we will understand what an emergency fund is, how much it should be, and whether you should rely…
Source: Live Mint Are you looking to build a credit history? But you need a credit history/score to get a credit product that can help you build a credit history. This can make it difficult for a lot of individuals to build or rebuild a credit history. Building a credit history or having a good…
Source: Live Mint RBL Shoprite credit card is specifically designed for those who love shopping and want to save on their expenses while not compromising on their lifestyle. RBL Shoprite credit card is offered by RBL Bank for its shopaholic customers providing exclusive discounts and offers on various brands and daily transactions. Key features of…
Source: Live Mint Credit cards, depending on how you use them, can be a boon or bane. If you use them judiciously and pay the entire monthly bill before or on time, they can give you many benefits. Some of these include a free credit period of up to 50 days, instant discounts, reward points,…
