Are Travel Credit Cards Worth the Annual Fee

Are you trying to figure out how to pay for your next vacation? A growing trend is applying for travel credit cards. Some offering the most rewards charge an annual fee. However, some travel credit cards may not be worth the annual fee. Before you apply for your next credit card, you must decide if the annual fee is worth the benefits. To help you decide, consider the following points…

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Your Guide to Using a Credit Card to Fulfil your Lifestyle Needs

The demonetisation initiative has indeed enhanced the use of plastic money by Indians. As per the data of Reserve Bank of India, there has been a 50% rise in the quantum of credit card circulation from 2016 till 2018. There has been an increase in credit card transactions as well. In April 2017, the number of credit card transactions stood at 286 million, whereas, by April 2018, it has reached…

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Credit Card Processing – What Goes on Behind the Scene?

For every credit card transaction made, you get a message from the bank about the details of your purchase. However, there are a number of parties involved in various processes involved during the time you make the purchase until you get the message with your transaction details. To ensure that the whole procedure is happening in a matter of seconds, there is the bank as well as the payment getaways…

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Reasons not to Move Abroad without Paying your Credit Card Dues

A credit card, along with all its benefits, also comes with a set of financial responsibilities for the user. These include the obligation to pay all the outstanding dues (preferably by the due date), payment of associated charges like joining fee and renewal fee among others. At times, it may be difficult for you to pay the pending dues on the card. Particularly, if you are moving abroad shortly, the…

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Should I Stay or Should I Go? Staying Loyal to your Bank Doesn’t Always Pay

Too many of us seem to think that it is all too much hassle to change banks or switch to a different credit card provider but that loyalty or indifference could be very costly. If you think that there is not much difference between the various banks around and most credit cards offer similar features and rates you might be in for a bit of a shock when you discover…

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7 Questions to Ask Yourself Before Getting a Credit Card

If you are thinking about getting a credit card, then there are a few things you should bear in mind before you make that decision. Firstly, you should take a good look at your current finances if you want to take out (another) credit card. Yes, there are benefits to opening a new credit card account. The first thing that could potentially benefit you is that, by opening a new…

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Student Credit Cards – What to Look For?

Credit cards are ideal for the people who are working individuals with a fixed or variable monthly salary to have easy access to money. Eligibility for a credit card requires a credit score and official documents which a student ideally does not have. Hence, to offer students a line of credit without having to constantly borrow from parents, banks have introduced student credit cards. What is a Student Credit Card?…

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The Secret to Using Your Credit Card the Right Way!

Credit cards are a financial tool which, when used wisely, can provide financial security and support when needed. However, the loaned money also has its negative consequences associated if incorrectly used. When being granted a credit card by a financial institution, this means they have decided to offer a regular and accessible loan option. However, these credit cards do come with associated agreements and potential penalties if not adhered to.…

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Credit Card Misuse alert! Look for signs

Every product has its own pros and cons and credit cards are no exception. Owning a credit card can be good or bad. It entirely depends on person to person and how they manage it. It has its own merits and perks. But when misused, it can lead to a big load of financial problems and stress. People don’t think when they spend on dining, travelling and shopping by credit…

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10 Mistakes Which Every Credit Card User Must Avoid

Credit cards which are issued by almost all banks and financial institutions in the country are a powerful tool. The cards help individuals to pick up things and pay for it on a later date. This is one of the major benefits which prompt individuals to avail a credit card in today’s world. The card if used judiciously can help the individuals build his/her credit score. There is no denying…

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