![]() ![]() Read the terms and conditions before you apply for credit card. Do a thorough research and find out about the interest rates, credit limits, grace period,Ģ. There are a wide range of credit cards meant to suit every budget and catering to customers with varying needs. While using a credit card follow these do’s and don’ts to ensure that you don’t go overboard and end up repaying outstanding amounts with high interest ratesġ. The benefits of using a credit card include cashless transactions and reward points that can be redeemedįor cashback offers and other deals. Using a Card Credit for your regular purchases, especially for big ticket items is a safe and secure way of making payments. In the event of such a mishap, immediately inform your bank or credit card company of the fraud, which can help them investigate the cybercrime Online phishing and fraud on fake websites, suspicious calls and emailsĪnd any other dubious communication can lead to credit card fraud. It is possible that your credit card details may be stolen when you make an online credit card payment. In addition, one way to successfully get a credit card would be to reapply for a new card and avoid the mistakes made during the previous attempt. Is always important to make your credit card bill payment on time. However, if you default on your payments and your income source is unstable, or if you do not meet the credit card eligibility criteria, then such factors can impact your CIBIL score. Your credit card CIBIL (Credit Information Bureau (India) Limited) score will not be directly affected if you apply for a credit card online and it is However, these reward points have an expiry date, and you need a minimum number of points to be able to redeem them. When these points accumulate, you can redeem them against gift vouchers,Ĭash or airline miles. In India, it is not possible to transfer your funds from your credit card to another bank account, but you can use a third-party website or mobile application for this.Ī debit card enables you to transfer money from your debit card to another bank account through mobile or internet banking.Įvery time you make a purchase on your credit card, you can earn reward points on the purchase. ![]() The credit card statement is sent on the cardholder’s registered It is generated every 30 or 31 days and need not necessarily be the 1st day of each month rather, it is the date when the card is issued. ![]() The credit card statement shows the credit card bill, the outstanding amount on the card, the due date and also the details of the transactions made throughout the month. Therefore, always compare the interest rates before While many credit cards are generally restricted to certain payment modes, many others can allow you to pay across different digital channels for online credit card payment.Ĭredit cards will have slightly different interest rates depending on the bank or the provider that offers the card. You could also select a credit card that offers certain additional benefits such as cashback and discounts on your purchases or complimentary access to airport lounges. If you have a lower credit limit, prioritise only the payments which should be made through your credit For instance, if you have a low credit score resultingįrom failure to make credit card payment bills on time, then you may face some restrictions when you apply for credit card.īut if you are a first-time credit card holder, here is how you can choose the best credit card for yourself:Ĭhoose a credit card whose limit is close to your monthly expenses. This, however, also depends on your credit score. The best credit card for you would be the one that you choose based on the credit limit as per your expenses.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |