Why should you opt for autopay of your credit card bill? 8 key reasons explained

1 week, 5 days ago

Why do we spend more with credit cards? The hidden psychology behind it

Credit cards offer you great rewards and cashbacks through which you can maximise your savings and spend smartly. Credit cards make the payments on your behalf while you do not have to worry to spend cash until the due date of the billing cycle of the credit card. Rewards programs: Credit cards provide you with reward programs which include cashbacks, …

Credit Card Credit Cards Spending Way Cards Spend Avoid

1 week, 5 days ago

Credit card rent payments: Is it a smart financial move or a risky choice?

Live Mint

While credit cards have made rent payments unattractive by levying charges on such expenses, there are several third-party apps that still offer the service by offering bonus points, cashbacks and gift vouchers. Rent payments to landlords through digital modes such as third-party apps, mobile wallets and credit cards surged during the Covid pandemic. Also, third-party apps do not require users …

Credit Payments Charge Service Apps Credit Cards Payment

2 weeks, 1 day ago

Charge Card vs. Credit Card: Which one is right for you? Find out

Live Mint

Credit cards have become part of the money handling process in the fast world of today. The differences between credit cards and charge cards are going to be explained here, to help you in making a choice between which is best for you. Difference between charge cards vs. credit cards Parameters Credit cards Charge cards Spending limit Predetermined upper limit. …

Credit Card Charge Fees Interest Credit Cards Payment Card

2 weeks, 1 day ago

Managing multiple credit cards? Here are 10 essential tips you need

Live Mint

A credit card is considered one of the most convenient financial tools for making emergency payments. It is important to strategise expenses in line with your credit limit and make bill payments on time, especially when you have multiple credit cards. Make a budget Before using multiple credit cards or planning to get many cards, it is important to make …

Benefits Expenses Credit Fees Credit Cards Card Score

2 weeks, 4 days ago

Credit Cards: How do they affect your credit score and loan eligibility?

Live Mint

Credit cards are a great way to save smartly on your transactions and earn exclusive rewards and discounts on your favourite brands. Credit cards may affect your credit history and also impact your credit score as well as your future loans. Aim to utilise only 30-40% of your credit limit to maintain a low credit utilisation ratio, which is vital …

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2 weeks, 4 days ago

Credit Cards: What is the minimum due amount, and how can you manage it effectively?

Live Mint

It is sometimes overwhelming to read credit card statements especially when it relates to the minimum balance you owe. What is the credit card minimum amount due? The minimum amount due refers to the least payment that a credit card holder has to make by the due date to keep the account in good standing. Calculating the minimum amount due …

Credit Payments Credit Card Credit Cards Card Minimum Your Credit Card

2 weeks, 5 days ago

Credit Card Interest-Free Period: How to use it for debt-free purchases? 5 key tips

Live Mint

Used in the right manner, interest-free periods for credit cards can be one of the best tools in managing your spending and therefore improving your financial standing. Credit cards usually have a grace period, also referred to as an interest-free period, during which you are not charged interest on purchases even though you still have to pay back the loan …

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2 weeks, 6 days ago

Credit Cards: The hidden costs of missing a payment you should know

Live Mint

As a credit card user, there might be instances where you forget to pay your credit card bill on time. Late payment fee A late payment fee is a charge levied on credit card users who fail to pay their bills on time. Minimum due amount Some credit card users feel paying the minimum due amount will not incur any …

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3 weeks ago

Credit card expiration: Check how to pay your pending dues

Live Mint

Credit cards often serve as a quick and convenient mode of payment for several financial transactions. It is important to keep track of your credit card payment deadlines and expiry dates. Most banks automatically issue a new credit card ahead of the current credit card's expiry date. How to pay dues on the new credit card Customers can make credit …

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3 weeks, 1 day ago

Credit Card Dues: 5 key benefits of paying on time for better financial health

Live Mint

Making timely credit card payments is a way to ensure financial security and provides benefits beyond the mere avoidance of late fees. Avoid paying costly interest charges: With yearly interest rates sometimes ranging from 35% to 40%, credit cards generally have some of the highest rates in the financial industry. Increased credit limit: Banks may increase the credit limit if …

Benefits Financial Credit Payments Interest Credit Cards Card

3 weeks, 1 day ago

How to avoid credit card debt? Here are 6 key tips

Live Mint

If not controlled, credit card debt can easily get out of hand. Understanding credit cards Using a credit card, you can also borrow money up to the established limit of your issuer. Be cautious when using credit cards: Choose credit cards that suit your budget, have low interest rates, and little fees. Pay more than the minimum due amount: It’s …

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3 weeks, 3 days ago

Personal loans: How opting for multiple funding options can be a rational move?

Live Mint

If you are suddenly short of funds, you should remember that you can always raise a personal loan to meet your demands. Instead of personal loan, you can also raise funds through an array of sources such as credit card and instant loan. Second, you can use multiple channels such as credit card, instant loan and personal loan. There could …

Personal Credit Personal Loans Credit Card Options Loan Personal Loan

3 weeks, 5 days ago

Which credit card should you choose? Explore 7 different types

Live Mint

Credit cards are a vital part of modern personal finance, providing convenience, rewards, and financial flexibility. Travel credit cards: It offers frequent travellers air miles, free lounge access, and travel insurance. Fuel credit cards: It waives the fuel surcharge and reward points for the gas swipe, it is best for the people who spend a lot on petrol. Cashback credit …

Financial Credit Rewards Credit Card Credit Cards Card Cards

3 weeks, 6 days ago

Credit Cards: Are they worth it? A deep dive into their pros and cons

Live Mint

Credit cards have, today, become the necessary part of everyone's financial life. Banks or financial institutions issue credit cards, which would allow you to borrow money up to a predetermined amount. Instalment payment options: One sometimes gets a chance to split huge expenses into affordable monthly payments through use of credit cards. Hidden fees: Credit cards frequently have hidden fees, …

Credit Balance Pay Fees Interest Credit Cards Card

4 weeks ago

What is credit card churning? Should you do it? Benefits, risks and how it works

Live Mint

Most credit card users are lured to them because of the rewards and benefits they offer. Credit card churning is a method of strategically opening and closing accounts to fully utilise rewards, bonuses, and other offers provided by credit cards. Advantages of credit card churning Higher savings: Various offers provided by multiple credit cards can help to save a lot …

Benefits Rewards Credit Card Credit Cards Cards Offer Bonuses

4 weeks ago

Credit Card vs Debit Card: Which one should you choose?

Live Mint

Modern credit cards and debit cards are the core of financial life in a fast-paced world. Drawbacks of debit cards Drawbacks of debit cards: Limited fraud protection and offers less strong security than credit cards. Comparison between credit cards vs debit cards Criteria Credit card Debit card Credit limit Borrow up to a predetermined amount based on your creditworthiness. Conclusion …

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1 month ago

Which credit card to opt for? Compare them along these 8 key parameters. Check list here

Live Mint

If you are planning to get a credit card sometime soon, it is vital to first carry out the initial research and do an objective comparison between the cards offered by different banks. For instance, ICICI Bank's Coral Credit Card offers 2 reward points on every ₹100 spent on card. Meanwhile, Axis Bank Magnus Credit Card offers unlimited lounge access …

Access Credit Offers Bank Discount Reward Credit Cards

1 month ago

Credit card: Three ways in which you must not use it

Live Mint

Credit cards are a simple way to buy something today on a loan, plus it takes just one swipe. Your bank will set a limit on your credit card, hence, it’s not an unlimited loan and neither is it effortless because applications can get rejected. Spend but don’t overspend Every credit card comes with an overall credit limit for your …

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1 month, 1 week ago

Credit Cards: Top 10 credit score myths that are hurting your financial health

Live Mint

It is important for an individual to build and maintain a good credit score. A good credit score helps them get credit cards and loans essential to fulfil important financial goals. Using the entire credit card limit doesn’t impact your credit score as long as you repay on time The credit utilisation ratio is one of the factors CICs consider …

India Information Bank Loans Loan Credit Score Credit Cards

1 month, 1 week ago

Credit Cards: How to manage multiple cards without hurting your credit score? Here are 11 key strategies

Live Mint

Many people buy credit cards to earn rewards and cash back and benefit from the same. And no, multiple credit cards won't affect your credit score if managed responsibly. Today, let's explore some strategies to manage multiple credit cards without affecting your credit score. Set notification or account alerts Most credit cards give you the option to set alerts for …

Expenses Credit Rewards Charges Credit Cards Score Cards

1 month, 1 week ago

Credit Cards: Don’t make these 7 credit mistakes—Protect your financial future

Live Mint

Your credit score is an important indicator of your creditworthiness, ability to repay loans, and overall financial health. Similarly, if you don’t pay the credit card outstanding on time, the high finance charges and interest rates on credit cards can derail your financial planning journey. Apart from helping you build or boost your credit score, credit cards can give you …

Bank Pay Loan Interest Credit Cards Emi Your Credit Score

1 month, 2 weeks ago

Credit Card: Can you build a personal brand with it? 6 key things to know

Live Mint

A credit card can be an incredibly useful tool to build your personal brand by helping you develop a reputation of credibility, financial responsibility, and exclusivity so long as it aligns with your brand. Travel and rewards: Many credit cards offer access to unique experiences, like events, VIP lounges, or priority bookings. Credibility: If part of your brand includes credit …

Personal Events Access Credit Rewards Brand Credit Cards

2 months ago

Here's How Many Credit Cards An Expert Says You Should Have — And It's Not What You'd Expect

Huff Post

alvarez via Getty Images Having a credit card can be a total game changer. That’s what we — Raj Punjabi and Noah Michelson, hosts of HuffPost’s “Am I Doing It Wrong?” podcast — asked Brian Kelly, best known as “The Points Guy,” when he dropped by our studio to talk about how to nab the best credit card perks. “So …

Credit Credit Cards Score Cards Kelly Points Your Score

2 months ago

Credit card and budgeting: How to align your credit card use with your budget goals?

Live Mint

Credit cards: To manage finances effectively, create a structured budget. Credit cards can support budgeting efforts when used wisely, offering perks and simplifying bill payments. However, it's crucial to avoid impulsive spending and assess credit card choices based on personal financial goals. Leverage credit card perks Many credit cards offer attractive benefits such as cashbacks, reward points, and discounts. Failure …

Financial Credit Budget Credit Card Credit Cards Spending Help

3 months ago

5 things you can negotiate to save money on household bills

Salon

Not all of us can "side hustle" our way to extra money. I have successfully negotiated everything from monthly bills like my cell phone, internet, car insurance and credit cards. With a few different competitor offers, I'll call my provider and let them know I want to cancel my service and switch because I found an offer at a much …

Insurance Credit Pay Card Rate Rates Lower

3 months, 1 week ago

Festive Season Shopping Guide: 7 Tips To Avoid Credit Card Debt

ABP News

The festive season is an exciting time that is eagerly awaited each year. If you’re planning to wrap up your festive shopping with your credit card, here are some financial tips that can help you make the most of your credit card while avoiding debt. Finally, make sure to pay your credit card bill in full and on time to …

Credit Budget Offers Debt Spending Festive Season

3 months, 1 week ago

5 smart habits to keep you out of credit card debt

NPR

5 smart habits to keep you out of credit card debt toggle caption We Are/Getty Images More Americans are falling behind on their credit card bills. Otherwise, they can get “very, very expensive.” Don’t lose your grace period There’s another reason to pay your monthly statement balance in full, says Kiernan. If you can’t pay the full balance, make the …

Credit Balance Debt Interest Period Sponsor Message Credit Card Debt

7 months, 3 weeks ago

Why you need to be smart about credit cards

New Indian Express

If you are running high credit card bills, you must stop that now. Managing expenses Your credit cards offer convenience in payment.You should treat it as a short-term solution. Your long-term retirement goals must be your first choice of payment and not credit card bills. You can use your credit cards, collect rewards or points, and pay your bills quickly.

Credit Loan Credit Cards Card

8 months, 1 week ago

Should you use a personal loan to pay off credit card bills? Pros and cons here

Hindustan Times

Managing your finances can be a difficult task. Using a credit card offers a variety of benefits: rewards and bonuses, positive credit history making taking loans easier. Well, using a credit card offers a variety of benefits: rewards and bonuses, positive credit history making taking loans easier, funding expenses in cases of emergency, budgeting finances by keeping track of your …

Credit Card Pay Loan Good Credit Bills Pros

8 months, 3 weeks ago

How To Improve Your Credit Score? Know Best Range & Bust All Myths Here

News 18

Improving your credit score involves building a history of responsible borrowing and managing your credit well. Improving your credit score, whether it’s measured by CIBIL or any other credit bureau like Experian or Equifax, is crucial for accessing favourable financial products and services. Keep credit card balances low: Maintaining high credit card balances relative to your credit limits can negatively …

History Impact Credit Score Your Credit Score Your Credit Report Your Income

9 months ago

Mint Explainer: How RBI’s latest rules on credit card billing cycle impact you

Live Mint

Credit card users now have more control over their ‘plastic money’, thanks to regulations brought in by the Reserve Bank of India in April 2022. In the circular last year, RBI had directed banks and other card issuers that they should caution card users of the pitfalls of paying only the minimum amount due in the billing statement. This means …

Statement Interest Period Month Date Card Rbi

9 months, 2 weeks ago

Credit Score: 7 effective steps to follow to maintain good credit history

Live Mint

By following responsible financial habits, you can build and maintain a strong credit history, which will open doors to better loan terms, lower interest rates, and greater financial opportunities in the future. One can take a number of steps which include paying bills on time, keeping credit card balances low, keeping track of credit score and opting for secured credit …

History Credit Credit Score Card Score Low Your Credit Score

1 year ago

How can I maintain a good credit score?

Live Mint

What are some common mistakes that can negatively affect my credit score, and how can I avoid them? —Name withheld on request A strong credit score is a good field to monitor in one’s financial report card. Applicants with higher credit scores get funding at lower or more competitive interest rates across various types of loans and credit cards. If …

Credit Loan Credit Cards Score Good

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 …

Expenses Credit Cards Card Limit Cur Higher Credit

1 year, 5 months ago

Credit cards: What are some hidden charges associated with their usage? MintGenie explains

Live Mint

Credit cards have revolutionized the way we manage our finances, offering convenience, rewards, and financial flexibility. In this article, we will dive into the world of hidden charges, exploring the various fees and costs associated with credit card usage. When you carry forward a balance from one billing cycle to the next, credit card issuers apply finance charges or interest …

India Credit Interest Rates Fees Interest Charges Credit Cards

1 year, 6 months ago

How Many Credit Cards Are Right For You?

News 18

“To improve is to change; to be perfect is to change often.” -Winston Churchill. Below are a few tips that will help you decide: Maintain the Credit Utilisation Ratio: Having multiple credit cards help maintain the credit utilisation ratio as the consumer would have more than one card to divide the spending on each card. For instance, if you have …

Credit Credit Cards Card Cards Each Card Multiple Credit Cards

1 year, 7 months ago

Are You Making These 5 Credit Score Mistakes? Here's What You Need To Know

News 18

An individual’s credit score reflects their trustworthiness when it comes to repaying a loan. A higher credit score will help individuals assure lenders of their capability to pay back the money. If your credit score falls due to any reason, it can take at least four to six months to bring it back to the previous level. Every time you …

Score Account Your Credit Score Your Ability Credit Utilisation Credit Accounts

1 year, 9 months ago

10 valuable benefits of using a credit card

Live Mint

Among various financial products available in the market, credit cards are one of the most underrated financial products for their benefits. Base reward points, accelerated reward points, spend-based offers Credit cards offer you reward points on most transactions. These cards offer various benefits like: A travel card may offer discounts, reward points, etc. Free memberships Some credit cards offer free …

Benefits Insurance Reward Credit Cards Score Points Reward Points

2 years ago

Key reasons why you should avoid paying the minimum amount due on credit cards

Live Mint

While credit cards have been since a long time in India, it is only in recent years that their prevalence has surged. The minimum amount due on a credit card is the least amount that must be made on or before the payment due date in order to avoid incurring late penalties. However, there might be some consequences of paying …

Credit Pay Interest Credit Cards Payment Month Card

2 years, 1 month ago

Manage your credit card bill payment to avoid last-minute hassle; Here’s how

Firstpost

On 5 May 2021, the RBI approved the second moratorium in response to the difficulties that individual borrowers suffered during the second COVID wave In recent times, the use of credit cards as a payment option has been gaining traction thanks to the benefits it offers to customers. A credit card offers a great chance to obtain interest-free credit during …

Credit Credit Cards Payment Card Covid Bill

2 years, 5 months ago

Millennial Money: 4 money moves to make before baby arrives

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. In the early weeks, your waking hours are a …

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3 years, 2 months ago

Debit Card, Credit Card Auto Payment to Fail from Today If you Don't Follow New Rule

News 18

To ensure the security of transactions, the Reserve Bank of India mandated a new rule for the auto-debiting facility of banking transactions that were set to take effect from October 1, Friday. To prevent any inconvenience to the customers, Reserve Bank has decided to extend the timeline for the stakeholders to migrate to the framework by six months, i.e., till …

Payment Mandate Rbi Customers Transaction New Rule Bank Customer

3 years, 8 months ago

Your Auto-debit Facility for Bills Might Fail from April 1; Here's Why

News 18

Have you subscribed to any auto-debit facility for bills? Come April 1, your recurring monthly bill payments like mobile phones, utility bills, subscription charges for OTT streaming services, among others may soon be affected. RBI in its diktat has made it mandatory for banks to seek customer’s approval before completing any such transaction.The Banking regulator has given time till March …

Payments Payment Rbi Debit Facility Rule Banks

3 years, 8 months ago

Auto-Payment Of Bills, Subscriptions May Face Issues From April 1 Due to RBI Direction

News 18

Come April there will be no automatic recurring payment for various services including recharge and utility bill as RBI has made Additional Factor of Authentication mandatory after March 31. On December 4, RBI had directed all banks including RRBs, NBFCs, and payment gateways that the processing of recurring transactions using cards or Prepaid Payment Instruments or Unified Payments Interface under …

Payment Rbi Banks Customer Transactions Recurring Payment Gateways

3 years, 8 months ago

Debit, credit card automatic payment rule to change from April 1: All you need to know

India Today

The automatic or recurring payment facility for mobile recharges, utility and other bills is likely to be stopped from April as the Reserve Bank of India has made an additional factor of authentication mandatory after March 31. The central bank had earlier stated that recurring or automatic payments using debit cards, credit cards, Unified Payment Interface and other prepaid instruments …

Bank Credit Card Payment Rbi Debit Upi Automatic

3 years, 11 months ago

Applying For Your First Credit Card? Here's What You Should Know

News 18

Credit cards allow consumers to make instant credit transactions and have become a primary way for people to make payments. So if you are planning to apply for your first credit card, it is always better to research and learn to use your card to reap financial benefits. There are different kinds of credit cards available, so it is important …

Credit Cards Card Credit Limit Payments Credit

3 years, 11 months ago

Know about Pros and Cons of Owning Multiple Credit Cards

News 18

Credit cards have become a primary way for consumers to pay for their purchases. The convenience, offers and rewards attached to the credit cards makes it easy for people even to drift away from their budget. Consumers holding multiple cards can spread their spending according to the reward points structure of the cards. Having multiple cards also helps in reducing …

Credit Credit Cards Card Cards Multiple Multiple Cards

4 years ago

5 Ways to Tackle That Ever Rising Credit Card Bill

News 18

Credit card dues is perhaps one the most acute millennial financial problems. One cannot deny that credit cards has made shopping really easy and comes handy in emergencies but they could be problematic if you have been paying off just the minimum amount every month. Maybe go personal: One can opt for a personal loan to get rid of the …

Credit Loan Card Opt

4 years, 5 months ago

Now, you can pay monthly bills with UPI AutoPay

India TV News

The National Payment Corporation of India on Wednesday said that it has launched the functionality of Unified Payments Interface AutoPay for recurring payments. With this new facility, customers can now enable recurring e-mandate using any UPI application for recurring payments such as mobile bills, electricity bills, EMI payments, OTT subscriptions, insurance, mutual funds and loan payments, paying for transit/metro payments …

Payments Bank Pay Mandate Customers Upi Npci

Why should you opt for autopay of your credit card bill? 8 key reasons explained

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