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 Do you feel happy when you only pay the minimum amount on your credit card bill because ultimately, you have more money left to spend on other things. Also, you don’t have to pay any late fees or penalties. But this happiness is temporary, as doing this consistently each month can put…
Source: Live Mint Credit cards are a great way to make smart payments and earn rewards and great offers on your favourite brands every time you make transactions from your credit card. With credit cards you don’t have to worry about paying cash immediately as the lender makes the payment on your behalf and you…
Source: Live Mint It is sometimes overwhelming to read credit card statements especially when it relates to the minimum balance you owe. Let’s break it down so you can understand what it is, how it works, and what it can do to your pocket. What are credit cards? Banks and other financial institutions issue credit…
