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 The trend of individuals holding multiple credit cards has seen growth in the recent past. Infact, people who use credit cards extensively for their benefits maintain a credit card portfolio just like an investment portfolio. They review the portfolio regularly to evaluate which existing cards to close and which new credit cards…
Source: Live Mint The Indian credit card market as of March 2025 continues to grow at a fast pace, with estimates predicting a spectacular growth in card volumes in the future. But how many credit cards do you need? Now it is a given that there is no single answer to this, it varies based…
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 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 The credit card landscape is evolving every day. Every now and then, credit card issuers are bringing new offers and benefits in their products, tempting you to apply for multiple credit cards. Beginners in the credit card space would often think that there is no harm in applying for several credit cards…
Source: Live Mint Keeping a credit card in contemporary times is more of a norm than an exception. For instance, if you have a card that has a credit limit of ₹5 lakh, you can use the same for buying merchandise and for making payments equivalent to this amount. Usually, card users do not use the…
Source: Live Mint The credit utilisation ratio on your credit card is an important financial metric that lenders consider while approving a loan. If your credit utilisation ratio is above normal limits, the chances of you getting a loan comes down significantly. Here is a primer on credit utilisation ratio, how it works and how…
Source: Live Mint A credit card is considered one of the most convenient financial tools for making emergency payments. It allows you to purchase an item when needed and pay for it later and provides various rewards. Several users prefer keeping multiple credit cards to take advantage of these rewards. However, having multiple credit cards…
Source: Live Mint If you are set to buy a credit card, there are a slew of features that you should be aware of. There is no denying the fact that a credit card enables you to buy some time — usually 40-45 days — when you use it to buy items of necessity or…
