Credit cards are generally referred to as debt traps. The dangers of possessing a credit card is well known. In addition to paying the credit amount along with interest, there are multiple charges levied. If a credit card is not properly handled, the credit card holder can rack up huge amounts of debts which can cause damage to the person’s credit score. Despite there being many disadvantages to owning a credit card, there are ways by which the card holder can save money from it as...
Gone are the days when people used to stand in long queues at the stores to make the purchases. It was frustrating and time-consuming. Also, people had to pay higher by shopping at malls or stores due to overhead costs of the retailer. But today, the way of shopping has changed completely. Almost everyone today prefer shopping online for obvious reasons, it is easier, convenient, less time consuming and cheaper.
With so many people shopping online today, the smart way to make purchases is via...
The idea behind personal loan balance transfer to a credit card involves transferring the unpaid principal loan amount from one bank to another to get an either a decreased rate of interest or an increase in loan repayment tenure or maybe both. Thus the burden of debt on the borrower can be reduced considerably through this process. A balance transfer is not advisable when only a few years remain in the repayment schedule, and more than half the loan amount has been settled already. Some other...
When you are facing a low credit score, there are a lot of ways that you can follow to improve your credit. One of the best ways is to use a credit card to improve credit. When you are using a credit card, there are various factors that are going to have an influence on your credit score. So, if you get a credit card and you are using it regularly as well as responsibly, then it is the best and the quickest way to build or rebuild your credit score on time. You just have to get the credit card...
Travelling is amazing, especially backpacking. It all comes at a cost that we always cannot afford. Credit cards are the best option we turn too in such situations. A travel credit card provides you with that extra credit you need while on a trip. A good credit card gives you credits in your country, a better credit card gives you credits all around the world, and the best ones cover your travel, commutation and luggage costs along with insurance.
A travel credit card today earns you free...
The fact cannot be denied that a credit card is a convenient way of making payments and keeping a record of your purchases as well. As a student, you may be having lots of expenses (important project or making a presentation) and if you have a credit card then it is much easier to meet all those expenses.
Since you are a student, you have different needs as compared to a professional and the best part is that the banks do offer special credit cards to cater such needs. So,...
Charge cards are thought about as one of the requirements in today’s life. Besides, with a credit card, you could essentially acquire any sort of product and services without having money in your pocket whatsoever. No more will certainly you run the risk of getting your money stolen by merely having a bank card.
Nevertheless, with all the benefits that a bank card can give you, you will certainly discover that it is rather hard to secure a bank card and getting authorized. There are a...
There are more than 30 financial institutions in India providing various types of credit cards with diverse features and benefits. The market is such that choosing the best credit card in India can almost be as complicated as choosing the right phone.
On the other hand, applying for a credit card is considerably easier as companies try to make the process simpler. Bajaj Finserv provides pre-approved offers with their Bajaj Finserv RBL Bank SuperCard which fastens the whole process, making it...
When you have a credit card, you must use it for transactions that are best done with a credit card. There are some transactions that offer extra security and offers perks. Though it is easier to pay with cash, it won’t offer any perks. The following are the list of things that you should pay for with your credit card to avail rewards, warranties, etc.
You don’t always have a big wad of cash lying around to buy heavy-duty, expensive items. Carrying a huge amount of...
Credit cards have become a popular method of payment in recent times due to certain benefits attached to them.
You can make your purchase using a credit card and pay later without incurring any interest.
You can get reward points, cashbacks, and great discounts with every purchase.
Timely repayment of credit card bills can boost the CIBIL score of an individual. This, in turn, can increase the chances of availing loans in future. Lending institutions consider such high CIBIL...
So, you are advised to have some specific credit cards to improve credit score. It is a good advice. Credit cards can play a significant role in increasing your credit score. However, credit cards are also known for causing serious damage to the credit when the card holder falls short of paying credit card balance. Credit cards leave a high impact on your credit score as it tells how you manage and pay off debts. 35% of your FICO score is based on the way you handle your debts. Credit...
Credit cards open the doors to many financial purchases that one would not afford through pure savings alone. Vacations, concert tickets, hotel accommodations, electronics, entertainment, and dinners at classy restaurants – the ability to charge these purchases to credit cards makes them possible for many of us. However, someone with bad credit may have trouble getting their hands on a credit card because of poor credit behavior in the past – perhaps the missed payments on other...
Credit cards often offer several benefits such as free warranty extensions on purchases and free insurance schemes. But credit cards can also create havoc on your budget – the many stories of overspending and late fees can attest to that. The final truth, however, is that credit cards come with advantages, as well as disadvantages. As long as you can manage to have several different cards and don't miss payments, they're easy to handle with no dire consequences.
But what is the optimal...
Credit card is a form of plastic money that saves you from the trouble of carrying cash everywhere. Using credit cards is also a convenient way of maintaining your finances. You can keep track of your expenses, along with many other benefits that come with this card.
With Bajaj Finserv, a prominent non-banking financial company, you can get your hands on the Bajaj Finserv RBL Bank SuperCard. This card gives plenty of benefits to its customers which they don’t receive from regular credit...
Being the owner of a credit card puts you, along with millions of people like you around the world, at a non-negligible risk of being subject to credit card fraud. Over the years, as credit card usage has increased globally, credit card fraud has grown with it. The most significant increase in cases of credit card fraud has been in Card Not Present (CNP) transactions. This increase in credit card fraud in instances of CNP transactions is directly related to the rise of online shopping and the...
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