The FinTech Hub
Source: Live Mint In today’s unpredictable financial landscape, having multiple credit cards has become increasingly common. But the question remains: does having multiple credit cards raise or lower your credit score? Let’s explore this question further by discussing the advantages and disadvantages, as well as the best ways to manage multiple cards. Factors influencing credit…
Source: Live Mint With a credit card, the idea of taking a cash withdrawal or cash advance may seem suitable when facing financial challenges. However, grasping what it means when you do this is important, especially if you are concerned about your credit score and overall financial health. What is a cash withdrawal from a…
Source: Live Mint In India, the know-how of your credit card limit is critical for maintaining a healthy credit score. Although individuals pay attention to the date of payments and outstanding debt, the credit limit takes centre stage when it comes to determining your financial wellbeing. This write-up is dedicated to how your credit card…
Source: Live Mint As India goes digital in payments, virtual credit cards are being touted as a secure and convenient substitute for the trustworthy much used older cards. These credit cards make the process of payment more seamless and easier for users and ensure that the entire transaction remains secure, digital and swift. Still, are…
Source: Live Mint If you are a credit card holder then proper credit management is extremely crucial for you. It will help you in maintaining a healthy financial history. Further, one way to raise your credit score is by raising your credit limit. Still, you should aim to do it without damaging your credit score….
Source: Live Mint ICICI Bank provides credit cards offering exciting rewards and cashbacks on travel, dining, online shopping and much more. Having a higher credit limit on your ICICI Bank credit card makes it possible to handle more financial responsibilities easily as well as keep a good credit score. You can increase your ICICI Bank…
Source: Live Mint Credit cards can be a great option if you want to avail rewards and cashbacks every time you make you an expense. However, you do not plan your transactions wisely, credit cards can be your worst financial nightmare and make you fall for a debt trap. If you have an HDFC Bank…
Source: Live Mint Managing your spending through credit cards remains useful but you should regularly check transactions to dodge unnecessary fees. Among the terminology on your credit card account stands “unbilled amount.” Your unbilled expenses impact your total spending level even though you have not received a formal invoice for these items. They also affect…
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 History holds significance as it helps understand past events, which aids in making sense of the present, and taking informed decisions for the future. For financial institutions (FIs), such as banks and non-banking financial companies (NBFCs), understanding the history of a customer in terms of how he/she has managed credit in the…
