Despite the marketing efforts of banks and financial institutions to sell their credit services, the credit card penetration still hasn’t reached its peak. Ironically, the number of credit card applicants are increasing exponentially, but due to a rigorous procedure and meticulous screening, they are unable to prove their creditworthiness. The most critical parameter is the .
It is a universally known fact that credit card rewards are a way of luring people to open an account. Their attractive reward programs include free air miles, all-expense-paid vacations, free dining, and discounts on partner merchant network; and cash backs. However, one must spend responsibly in spite of the rewards being offered. If handled .
Credit Card balance can have a direct adverse effect on credit score. For somebody who has consistently been a defaulter, his credit score can go for a toss in no time due to the outstanding unpaid bills. Alternatively, on maintaining a disciplined payment habit, the credit score may improve drastically leading to healthy creditworthiness for .
Slowly yet steadily, our country has turned into a hub for banking services of all kinds especially Credit cards. Credit cards have gripped the people’s minds in such a way that sometimes we end up applying for unnecessary ones even when we may be aware of their non-utility. Due to this ready availability of money, .
For somebody who swears by Credit Cards, the following is a comprehensive guide to find the best Travel credit cards of 2018. Be it the flexibility of cash-backs, attractive travel points, taking care of outstanding dues, or to build healthy creditworthiness, there’s a credit card to suit every purpose and beyond. However, there is isn’t .
If you are leading a good life with an excellent job in an urban city of any country, then you are more likely to have one or more credit card. If you are an aware consumer, you already know what impact a credit card can have on your credit score. Your credit score is one .
Banking and financial service industries are witnessing a transformation with the implementation of digitalization. Alternative modes of lending such as crowdfunding, investment management services, and digital marketplaces are on the rise. With the collaboration between banks, financial institutions, and FinTech organizations, India is moving towards being a more technologically innovative country. Digital marketplaces are a .
Credit cards are simplifying monetary transactions in India. These cards are a revolving line of credit that allows the user to incur expenses up to the specified credit limit and repay the amount at a later date. If used correctly, credit cards can be a powerful financial tool that helps build creditworthiness. However, millennials today .
Do you have more than one credit card? Are you worried that it might affect your credit score? Although credit cards are an amazing option for people who can maintain it, there is still a lot of confusion around this topic. Some people apply for multiple credit cards because someone they know talks highly of .
For long plastic, money has been the preferred form of credit availed by individuals. The reasons for its popularity are many, but the ease of access and widespread acceptance are the two major factors which made credit cards extremely popular the world over. Mastercard, Visa, Maestro, American Express, Rupay are the various credit card companies .