When you borrow money be it from a bank or apply for a credit card, the intent is to pay for an expense using the credit borrowed at the current point in time & actually paying it back at a later date. But, at times it can get confusing to understand what should be paid […]
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With e-commerce players ramping up the Indian investment in this industry’s infrastructure, the market is set for a swift boost. While the country’s economic growth proves to be resilient in spite of an economic slowdown across the globe, its revised e-commerce regulations have made it a convenient ground for payment cards. Buoyed by increased smartphone […]
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The term CIBIL score, also referred to as Credit score is a numerical representation of your credit-worthiness. CIBIL, which stands for TransUnion CIBIL Limited is an Indian company that has access to your credit information. A CIBIL score is a three-digit number which ranges from 300-900, 900 being the highest. These scores are calculated by […]
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As per RBI’s report, in the financial year 2017-2018, around Rs.1373 lakh crore was digitally transacted. The strong figure suggests that more individuals are now inclined towards digital transactions and are opting for a contactless credit card. To elaborate, such credit cards use contactless technology called Near Field Communication or NFC and is deemed to […]
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All your documents were submitted well in time, yet your credit card application was declined? Don’t feel low. You still have a chance to get the next one approved. While most of the banks may deny an explanation as to why they declined your application, but few reasons are obvious. These could be a low […]
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Indian farmers often have to face difficulties while arranging short-term finances in the planting and harvesting seasons and to cope up with other agricultural requirements. They have to depend solely on the unorganised sector and face exorbitant interest rates. Realising the potential and need for such short-term funds, the RBI launched the Kisan Credit Card […]
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Credit cards are an ideal, quick, and easy way to increase your credit score. Financial institutions also have secured credit cards sanctioned against a fixed deposit, specifically to help you improve your CIBIL score. Using a credit card responsibly can have a positive impact on your CIBIL rating. To do that, you have to keep […]
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Most people who claim to be financial experts will always tell you to stay away from credit cards. They will tell you that it is the first step in the debt spiral. And this may have a smidgen of truth. But only if you don’t use it wisely. When used well, a credit card is […]
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There are a number of small business credit cards out there which are especially made to suit the requirements of small business owners and assist them in managing their business finances. With these credit cards, the small business owners get access to a revolving line of credit, within a set credit limit. They can make […]
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Credit card offers have become all-pervasive in today’s world and you’ll see them everywhere from your inbox to stores you shop at. Applying for a card has also become much easier, with banks enticing potential customers with discounts and offers galore. Before you take the plunge and apply for some plastic money, it is advisable […]
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