Prabhjot

  Users can get a portion of the amount they spend on purchases back through a rewards program called cashback. There are many cashback credit cards readily available in India, and the majority of them give additional rewards on specific types of purchases. However, there are advantages and disadvantages to using a cashback credit card : Pros of having a cashback credit card: 0% APR: For a short duration, several cash-back credit cards provide 0% APR on transactions or balance transfers. Choose a credit card having a 0% APR term on transactions if you wish to make a large-ticket transaction but are unsure regarding the high APR of a cashback credit card. As a result, you have sufficient time to pay the item off without incurring interest. Simple to understand: The most basic perk a credit card can provide is cashback. The terms of a cashback credit card are very straightforward because rewards are accrued and redeemed in rupee amounts, which effectively nullifies any potential for ...

There are many different credit cards available for us to choose from, which is both a good thing and a bad thing. Good because you have unlimited options to choose from and bad because it can get confusing. It might be challenging to select the ideal credit card for you with so many banks offering credit cards. But worry no more, we have compiled a list of features so that you may compare credit cards and make an informed choice, making this work more straightforward for you. Annual fees: The first thing to compare is the annual fee charged by different credit cards. There are credit cards for everyday use available without an annual fee. There are also Reward Credit Cards and other cards that are designed to help you develop credit specifically, although they often have an annual cost. Credit cards that have high annual fees typically have extra premium benefits that make up for the cost. Fines and minimum payment: You may need to pay a minimum monthly charge while using some credit...

Credit cards have become a need today. With competitive offers and bonus points on different cards, everyone wants to own one. With several credit cards available in the market specific questions related to credit cards arise among the masses. One of them is related to the due date on which the card bill has to be paid .   Talking about the due date, you first need a brief of what a Billing Cycle is. A billing cycle is a period after which your credit card statement is generated. Suppose your previous statement was generated on the 10th of a month so your next statement will be generated on the 10th of next month. The period between these two dates is known as the Billing Cycle. Now that the statement arrives on the 10th of next month, a due date is where you have to pay for this statement. The due date is generally 20 to 25 days after your statement has been generated by your credit card company. The period between your Due date and the date your statement was generated is known ...

Adding a credit card to your wallet can be a crucial decision to make in your life. While applying for a credit card for the first time, you can easily get overwhelmed with the humungous range of credit cards in the market and their myths. However, you still manage to get a credit card for yourself despite listening to credit card myths and we won’t let your hard work go to waste, we will guide you on how you can use your credit card to make the most out of your credit card. Keep reading to kick start your research. Avail of the signup bonuses: On receiving the credit card you get to enjoy the welcome offers such as bonus reward points, cashback, free movie tickets, flights/hotels, memberships, etc. on making valid transactions within a stipulated time period. To maximize your credit card benefits, you can avail of the signup bonuses. Earn reward points: Make sure that you know the rewards program of your credit card so that after receiving the credit ...

Credit cards are a great financial tool to add to your wallet but if not used wisely can cost you a fortune. Like a coin has two sides, so do credit cards. They can either be your friend in disguise or can be the biggest foe. With that being said, there are certain things that you need to know before you start using your credit card so that you can make the most out of it. In this article, we will guide you on how to maximise the benefits of a credit card. Without any further ado, let’s begin with your research. Choose the right credit card: To maximise the benefits of your credit card you need to understand that choosing the right credit card can only help you in doing so. You need to first analyse your needs and spending habits and then choose the credit card which compliments them. Pay more than the minimum: It is advisable to pay the credit card bill in full but if you are not able to do so, then you can pay more than the minimum due amount. Th...

During these times, owning a credit card is not a luxury but a necessity. The credit card is like a double-edged sword having both favorable and unfavorable consequences. Credit Cards are important financial tools that help cardholders achieve their financial needs. However, cardholders need to be very cautious while using a credit card and not indulge in overspending. The cardholders should make sure that they remain in the good books of the bank when they apply for a credit card or it may hurt them back. Hence, it's critical to be aware of how credit decisions can influence you. The way you handle these obligations will influence a lot of your future decisions.  Why Is A Credit Card Your Friend? Credit cards can help you enhance your purchasing power to achieve your financial goals. When you use your credit card wisely, you can simply earn money by spending money. Almost all credit cards provide customers with reward points or cashback on their spending. It's virtually free m...