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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…
Source: Live Mint In India, all banks together offer 100s of different credit cards. Each card has its own unique selling point (USP). For many people, one single credit card cannot cater to all their needs. Hence, they follow a multi-credit card strategy to maximise the benefits. In this article, we will understand why people…
Source: Live Mint Although the facility of using a credit card to make purchases can be very convenient, the cost of an expenditure of a large amount may often be unbearable to bear. The EMI option lets you split big payments into smaller payable sums that are payable over a fixed period of time. This…
Source: Live Mint Whenever an individual applies for a credit product like a loan or a credit card, the bank evaluates whether they can approve or reject the application. Among the various eligibility criteria, an important one is to assess whether the individual will repay the credit extended. It is done by evaluating the individual’s…
Source: Live Mint Getting that new credit card can be a really exciting first step towards expanding your financial options. Whether this is your first credit card or an upgrade, you will need activation to start using your card safely. Here we will help you activate your credit card in one of several ways and…
Source: Live Mint Some people carry forward outstanding on multiple credit cards, which is time consuming to manage. They also pay a high interest rate of up to 3.75% per month on credit card outstanding. What if these people could consolidate the outstanding debt on multiple credit cards into a single credit card for ease…
