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Credit Card Comparison
ICICI Credit card
Compare ICICI Bank Credit Card Features, Charges and Offers Online. Apply for Best ICICI Bank Credit Card.
Axis Credit card
Compare Axis Bank Credit Card Features, Charges and Offers Online. Apply for Best Axis Bank Credit Card.
SBI Credit card
Compare SBI Credit Card Features, Charges and Offers Online. Apply for Best SBI Credit Card.
Understand Credit Card Debt
A credit card undoubtedly ensures financial ease. However, mismanagement of a credit card can create financial instability. Therefore one should be aware of the financial responsibility that comes along with a credit card.
Similar to other loans, credit cards do impose interest on the transactions and credit used for expenses. Therefore, in a bid to manage expenses keep a check on over and under expenditures.
Secondly, timely payments of credit bills within the grace period is essential to maintain credit stability. Non-payment of bills within the allotted time could impose additional charges on a per-day basis.
Efficient use: A cardholder needs to understand when and how to use a credit card. In case a credit card becomes a burden on the holder, one should opt for terminating the card, instead of avoiding its use entirely. This is because holding a card and not using it might affect your credit score.
Thus, the wise use of credit cards could save one from a credit card debt.
READ MORE: Understand Credit Card Debt In Detail
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Many cases about credit card
November 11, 2019 · Credit cardCredit Card signup makes your travel easy and luxurious. Further, the rewards and benefits that come along with a travel credit card can add more to your trip by having you save on a lot of expenses. But not many are aware as to how to earn these perks on a credit card. It can be done as listed...October 24, 2019 · Credit cardIf you are using a credit card, then you must be aware about the credit card interest rates and will be eager to know anything that can help you reduce it. The credit card interest is levied in two situations: a) When you pay only the minimum payable amount due on the bill. b) When you pay...October 4, 2019 · Credit card,credit card info,Credit cards IndiaA credit card is a wise thing to opt for in today's time. However, it's important to choose a card that offers the best options. Listed below are the best credit cards available in India, as follows: City Bank Rewards Credit Card: This card is travel-friendly as it provides services like 0.75%... Guide to user
Owning a credit card means responsibility. You need to be very strict with the use of your credit card and the monthly payment before it falls due. Not paying your bills on time would also negatively affect your credit score. However, if you use your card wisely, it will benefit you in different ways, but if you do not use it properly, it might land you in severe trouble. Therefore, before you plan to own an online credit card, you should know these things before you apply.
1) The benefit of having a credit card is that you can pay your installments either in smaller amounts or the entire amount every month. Keep in mind no interest-free credit period is provided while paying your minimum due amount. And if you keep on delaying in paying your due amount, the interest keeps adding up which ultimately raises the cost on your credit card.
2) If you don’t make your credit card payments on time, you are also required to pay a particular sort of penalty based on the amount which is due on your credit card and the type of credit card you own. So, you need to check the amount of penalty also before applying for your first credit card.
3) Always check the annual charges on your credit cards before you apply to know how much you need to pay for the maintenance of your credit card in a year.
4) Keep a tab on your credit utilization ratio and try to keep it as low as possible.
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