Feed Alizr
Advertisement
  • Auto
  • Business
  • Education
  • Finance
  • Health
  • Home
  • Law
  • Real Estate
  • Shopping
  • Tech
  • Travel
No Result
View All Result
  • Auto
  • Business
  • Education
  • Finance
  • Health
  • Home
  • Law
  • Real Estate
  • Shopping
  • Tech
  • Travel
No Result
View All Result
Feed Alizr
No Result
View All Result
Home Finance

5 Things You Did Not Know About Credit Cards

Andrea Cole by Andrea Cole
in Finance
0
5 Things You Did Not Know About Credit Cards
0
SHARES
41
VIEWS
Share on FacebookShare on Twitter

Credit cards can make life much easier and simpler. Understanding the basics of credit cards will help you save time and effort. Plastic money can do so much more than enable you to make big purchases. They also help you build a CIBIL score to get loans quickly. Further, they can offer tons of benefits, like reward points and cashbacks on various pleasures like dining, travel, and shopping.

In India, 57.4 million credit cards were operational as of April 2020, according to the Reserve Bank of India (RBI). This shows that the high penetration rate of this financial tool in the country. But, despite its growing popularity or regardless of how tech savvy you are, there could be things you may not know about plastic money.

1.     Types of Credit Cards

You can choose from a variety of cards depending on your spending habit or lifestyle choices. For instance,

  • Classic Cards offer 10X rewards (1 reward = ₹0.25) on purchases above ₹20,000 and 6X rewards on online purchases and 3X rewards on offline spends.
  • Select Cards offer the same deals along with a lower forex mark-up at 1.99%, domestic and lounge access, and travel insurance.
  • Wealth Cards are complimentary for life and allow an additional 10X rewards on your birthday spends along with all benefits mentioned above.

2.     Interest Rates

One must know the credit card interest rates capped on your card. This way you will know the extra amount you have to pay per month in case you are incapable of clearing the bill. The fee is usually added to your outstanding debt. Banks are likely to take your payment history, economic conditions, current debt loads, and income assets into account too. Work with a bank that offers the lowest rates starting at 9% annually.

3.     Avoidable Credit Card Fees

Multiple credit card charges can be avoided by careful planning. These include late fee, over-limit fee, and foreign transaction fee. In fact, if you do not opt for cash advances or balance transfers, charges associated with these services will not be levied. You can choose options that allow interest-free cash withdrawals for added benefits.

4.     Dip on Credit Score

The score can be affected if the credit utilisation ratio is higher than normal. For example, if your limit is ₹10,000 and your current balance is ₹9500, it could ruin your score. Therefore, plan to use not more than 30% of your limit. This is a smart way to keep the numbers steady and make the most of the subsequent advantages.

5.     Purchase Protection

This allows buyers to file a complaint to fully reimburse, replace or repair any damaged item. You can raise the issue online or via a phone call. Make sure to understand the policies on different types of credit cards from the associated bank.

Compare credit cards and pick the one that comes with great reward and cashback plans. This can make the experience even more enjoyable. Further, make sure to know how to protect your card from being misused.

Previous Post

Pros and Cons of Online Casinos

Next Post

COVID-19 Fueling a Dramatic Increase in Identity Theft Losses

Andrea Cole

Andrea Cole

Next Post
COVID-19 Fueling a Dramatic Increase in Identity Theft Losses

COVID-19 Fueling a Dramatic Increase in Identity Theft Losses

  • Trending
  • Comments
  • Latest
Interior Decor Strategies For Your Family Room

Interior Decor Strategies For Your Family Room

May 20, 2020
If You Want To Add Real Value to your Property, Then Install UPVC Windows & Doors.

If You Want To Add Real Value to your Property, Then Install UPVC Windows & Doors.

December 20, 2019
Fitness Lifestyle Is The easy way Boost Body Fitness and well-being – Stop Dieting and begin Eating!

Fitness Lifestyle Is The easy way Boost Body Fitness and well-being – Stop Dieting and begin Eating!

August 22, 2020
The Very Best Medical Health Insurance Providers within the U . s . States

The Very Best Medical Health Insurance Providers within the U . s . States

June 11, 2020
Bail Bonds for Misdemeanor Class A Crimes

Bail Bonds for Misdemeanor Class A Crimes

0
Email Autoresponders Are Perfect Marketing Tools

Email Autoresponders Are Perfect Marketing Tools

0
Criminal Law: The Important Thing to some Better Place

Criminal Law: The Important Thing to some Better Place

0
Becoming The Best Realtor In The World

Becoming The Best Realtor In The World

0
Bail Bonds for Misdemeanor Class A Crimes

Bail Bonds for Misdemeanor Class A Crimes

May 3, 2022
Bringing the Living Room to Life

Bringing the Living Room to Life

April 25, 2022
What Is The Significance Of Keeping Up With Daily News?

What Is The Significance Of Keeping Up With Daily News?

May 9, 2022
How To Plant, Cultivate And Maintain Yarrow Plants

How To Plant, Cultivate And Maintain Yarrow Plants

April 4, 2022

Recent Posts

  • Bail Bonds for Misdemeanor Class A Crimes May 2, 2022
  • Bringing the Living Room to Life April 25, 2022
  • What Is The Significance Of Keeping Up With Daily News? April 10, 2022
  • How To Plant, Cultivate And Maintain Yarrow Plants April 4, 2022
  • 101 of Plasma Donation March 29, 2022
  • What’s Account Receivable Financing? March 29, 2022
  • Why You Should Start A Small Business: Get The Facts Of Both Worlds March 26, 2022

2022

  • – May (1)
    • Bail Bonds for Misdemeanor Class A Crimes
  • + April (3)
  • + March (7)
  • + February (3)
  • + January (2)

2021

  • + December (10)
  • + November (11)
  • + October (5)
  • + September (6)
  • + August (9)
  • + July (8)
  • + June (8)
  • + May (9)
  • + April (3)
  • + March (13)
  • + February (6)
  • + January (7)

2020

  • + December (10)
  • + November (8)
  • + October (8)
  • + September (6)
  • + August (17)
  • + July (8)
  • + June (11)
  • + May (14)
  • + April (13)
  • + March (8)
  • + February (9)
  • + January (3)

2019

  • + December (6)
  • + November (2)
  • + October (3)
  • + September (4)
  • + August (8)
  • + July (19)
  • + June (15)
  • + May (9)
  • + April (10)
  • + March (4)
  • + February (10)
  • + January (7)
No Result
View All Result

Tags

criminal defense lawyer Delhi to Hyderabad flights Delhi to Hyd flights divorce lawyer hardwood decking Brisbane Hyderabad to Mumbai flights industrial roofing Perth Mumbai to Hyderabad flights nose augmentation NSW swimming pool compliance Personal Injury Attorney SEO stainless steel fabrication UPVC windows and doors
May 2022
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031  
« Apr    

Browse by Category

  • Auto
  • Business
  • Education
  • Featured
  • Finance
  • Gambling
  • Health
  • Home
  • Investment
  • Law
  • News
  • Pet
  • Real Estate
  • Shopping
  • Tech
  • Travel
  • Wedding

Recent News

Bail Bonds for Misdemeanor Class A Crimes

Bail Bonds for Misdemeanor Class A Crimes

May 3, 2022
Bringing the Living Room to Life

Bringing the Living Room to Life

April 25, 2022
  • Reach Us

© 2021 Feed Alizr. All Rights Reserved.

No Result
View All Result

© 2021 Feed Alizr. All Rights Reserved.