Finance Care in India - Credit Card, Credit Score, Fixed Deposits

Credit cards are the most accessible funds for short term loans; thus, everyone needs one. Applying for a credit card and getting one are both two different aspects. Several reasons because of which the credit card application gets rejected are not disclosed, but the consumers can ensure: 1. If the credit card application is rejected, the first thing an individual needs to do is access his credit report. 2. Building good credit behavior helps in improving the credit score. 3. Consumers should buy the credit card from the right lender. Banks have different criteria to provide the credit card, and thus, not all the customers will be able to fulfill the eligibility criteria. 4. If there is an urgent requirement of the credit card, people can go for a secured credit card. These credit cards are issued against the fixed deposits with the respective bank. 5. The credit score is affected when the consumer applies for a chunk of credit card at several banks. Thus...

Credit cards are a quite convenient option as compared to debit cards. This is because they enable you to transact easily without the need of carrying cash in your pocket which you could not enjoy using your debit card in which you need to maintain specific savings in your account to make the transactions. Not only this, but best credit cards also come with great benefits like attractive discounts, cash back offers and fuel benefits, etc. But most of the people have lots of misconceptions about credit cards regarding their eligibility, process, approval, etc. Let’s have a look at some of the common myths: 1) Credit card application is a complicated process It is not correct as nowadays most of the enders are accepting the application online, provided that you need to be eligible to get a credit card. 2) You need to be rich to get a credit card from your lender You don’t need to be rich or wealthy to own a credit card. If you have a good credit score, you may apply fo...

Nowadays, credit cards have become extremely popular as it allows an individual to pay for goods and services using the credit available against a Credit Card Offers . The amount used as credit is paid back the credit card issuer on a later that, if not then it will attract some sort of penalty charges. We have a plethora of credit cards available today across categories like travel, dining, movies, lifestyle etc. No card is good or bad, it depends on the lifestyle you own and the type of credit card you want. For example, the person who loves shopping would like to own a credit card which offers attractive discount and cash back offers while doing online shopping. And, if you are an avid traveller, then you would be looking for a travel credit card to maximize benefits on hotel and travel booking using your credit card. Let’s have a look at some of the best credit cards which you can apply for along with its benefits. 1) For shopping: SBI’s Yatra card and SimplyCLICK SBI Car...

Credit cards come with certain benefits and even earns you reward points for every transaction. This feature encourages you to hold a number of cards. But do you really know how to take maximum advantage of credit card benefits? Here are some tips to manage your credit card application and enjoy maximum benefits. 1. Make a budget and stick with it – Credit card might tend you to overspend and lead you in debt trap. So make a budget and limit your credit card spending to it. 2. Pay the bill in full and on time – Each month instead of paying just the minimum amount choose to pay the bill in full otherwise from next month the remaining balance will attract interest along with all further transactions. 3. Have multiple credit cards? Be careful! - With multiple credit cards, you must keep track of your payment dates. A better option is to put it on auto pay so that your credit card bill gets paid automatically and on time as well. 4. Use points wisely – Keep close t...