You may already know that creditworthiness is an essential part of your financial health and ability to get credit. Financial companies check it based on a 3-digit score and report generated by credit bureaus. Their evaluation takes many factors into account and knowing what they are can help you improve your credit score and get affordable …
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A credit card statement is a summary of your card usage within a billing period. Simply put, it shows how much of your credit card limit you have used and how you have utilised it, i.e., the transaction details. Knowing what your credit card statement entails is important for better financial planning and management. That’s …
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If your’re struggling to pay your credit card bills due to high interest rates, then a credit card balance transfer may be an optimal solution. Often, people cannot completely pay off their credit card dues, as the interest increases with every billing cycle based on the outstanding amount. In such a case, opting for a balance transfer …
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Knowing how to convert credit card payments to EMIs is crucial to spread out the cost of your large purchases and make them more manageable. Opting for this can help ease the burden of repayment and keep you on track with your budget. To explore how to convert your credit card payments into EMIs, the …
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If you need quick credit card approval, it’s important to assure the issuer of your creditworthiness and repayment capacity. Since the issuer is at risk of financial loss, they approve applications only after reviewing your credit behaviour and ability to pay the dues. For this, they check many parameters, which you can work on to …
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Comparing BNPL vs credit cards will allow you to choose the ideal option for your shopping experience. You can use both options to facilitate larger purchases and settle your bill through small, manageable instalments. But to make the right choice, you must understand their features, benefits, drawbacks and what makes them different. Read on to …
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If your credit card application is declined, it isn’t the end of the world. Nowadays, applying for a credit card is easier, thanks to fintech advancements that allow you to get quick approval from the comfort of your home. Despite the easy access, issuers have specific eligibility criteria that you must fulfil. All financial institutions …
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Knowing the charges for credit card cash withdrawal is a must before you use this facility. Cash withdrawal via a credit card can be an ideal way to access funds when you are in need, but it comes at a cost applicable from the date you make the withdrawal. This charge also differs from the …
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EMV cards have gradually replaced metal strip cards. A primary reason for this is that they come with stronger encryption to protect your card details during the transaction. While metal strip cards encode your details in the strip on the back of the card, these cards store your details in an EMV chip. Read on …
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Think of a credit appraisal as the immediate response to your loan application. Financial firms, be it a bank or NBFC, run this check to see if you qualify for credit, be it a loan or a credit card. This process helps them understand your repayment ability and thereby, the risk they will take on …
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