The FinTech Hub
Source: Live Mint If you have recently started using a credit card, it is recommended to avoid exhausting its entire credit limit. Ideally, a card user is expected to keep the credit utilisation under 30 percent of the overall limit. For example, when the credit limit of your credit card is ₹10 lakh, the credit utilisation ratio…
Source: Live Mint Credit cards are a great way to earn rewards and cashbacks when used wisely. Your credit limit is the maximum amount you can spend on your card. Increasing your limit can provide more flexibility for larger purchases, improve your credit utilisation ratio, and boost your credit score. If you have an Axis…
Source: Live Mint A credit card limit is the maximum amount you can utilise on your credit card. Credit limit can impact your credit utilisation ratio which can then impact your credit score. If you have an HDFC Bank credit card and want to increase your credit limit, you can do it for absolutely free…
Source: Live Mint In recent years, Buy Now, Pay Later (BNPL) services have gained immense popularity among consumers, offering a convenient way to make purchases and pay for them in the set duration. However, as with any financial product, it’s crucial to understand how BNPL can impact your credit score. In this article, we’ll explore…
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 Credit cards are a great way to spend smartly if you plan your expenses properly. If you have an Axis Bank credit card, it is important to make on time payments to avoid penalties and keep your credit score healthy. Axis Bank offers many ways through which you can pay your credit…
Source: Live Mint Credit cards are flexible financial instruments that facilitate all types of online purchases and offline purchases. It is theoretically possible, but a “cash advance” is not always a simple or economical option. Let us review the mechanics of advances from financial institutions, their costs, potential risks, and their benefits. Credit card A…
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 Using a fraudulent credit card swiping scheme, a mobile shop manager conned his former colleague and three others of ₹75 lakhs, as per a media report. With an increase in the number of users of credit cards across the nation, such scams are also gaining traction. How was the scam planned and…
Source: Live Mint In the current financial environment, it is more important than ever to have a good credit score. It affects everything from your ability to rent an apartment to credit card offers and loan interest rates. Here we explain the basics of credit scores and provide helpful advice on how to build your…
