Do You Exhaust Your Credit Card Limit? A Look At The Disadvantages
1 year, 4 months ago

Do You Exhaust Your Credit Card Limit? A Look At The Disadvantages

News 18  

Most people use credit cards to manage their expenses these days. Some people run all their expenses with a credit card because it helps them keep track of their expenses every month. Are you one of those people who spend the entire credit card limit every month? Maintaining a low CUR can improve your chances of increasing the credit limit on your existing credit card. Overspending: Credit card holders often end up making unnecessary expenditures and exhaust their credit limit and further fall into a debt trap.

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What is a credit card limit and why is it crucial for your finances?
2 weeks, 6 days ago

What is a credit card limit and why is it crucial for your finances?

Live Mint  

Credit limits in credit cards greatly impact your money decision making. If you've never used a credit card before, you're likely to have a small limit initially, which you can increase by using it responsibly. Benefits of higher credit limit Better credit utilisation ratio: A bigger limit results in better credit scores because it decreases your utilisation percentage. In conclusion, …

How To Increase The Credit Card Limit And What Are Its Benefits
1 year, 4 months ago

How To Increase The Credit Card Limit And What Are Its Benefits

News 18  

There is a growing trend of using credit cards these days. 3. Credit Utilisation Ratio : The CUR states that if your credit card limit is up to Rs 2 lakh, out of which you have spent Rs 20,000, then your CUR will be 10 percent. You can request that the bank increase the credit card limit. Sometimes, seeing the …

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