Credit Cards

Yes, you can! But it can cost you a lot. Primarily, a credit card comes with a loaded credit limit up to which you can do any transactions. If you need immediate cash and don’t have money in your bank account, you can use your credit card at any ATM and withdraw cash. The withdrawal is allowed only up to a certain limit of your overall credit limit. Withdrawal will incur a fee of up to 3% of amount withdrawn. Moreover, interest is charged from the day you withdraw the amount.

A secured credit card can be easily availed against your fixed deposit, and it’s one of the best tools to increase your credit score if used smartly. Following are some of the good credit card habits that can help you get magnificent credit score.

A secured credit card can be easily availed against your fixed deposit, and it’s one of the best tools to increase your credit score if used smartly. Following are some of the good credit card habits that can help you get magnificent credit score.

Credit cards can be a boon when used carefully but at the same time, they can also turn as a bane if not handled carefully. Let’s look at some of the best ways to use credit cards and making them a boon for you.

Credit cards which are provided by banks come in different types for different purposes. It is hard to point out just one bank that provides the best credit cards. The fact is one credit card that is best for one person may turn out to be unsatisfying to another person in terms of availing any benefit, as their spending behaviour could be different.

No, not using a credit card does not hurt or lower your credit score. You can have a credit card and not use it for a while and still maintain your credit score without it lowering.

While applying for a credit card, it is mandatory that you must submit certain documents to the credit card issuing company in order to process your application. Different banks have different document requirements based on their policies. Similarly, the documents required can vary from individual to individual as well as depending on their income, professional type and employer. Following are some of the documents that are generally required for a credit card application.

Citibank provides credit card under various categories. It is hard to zero in on just one credit card as the choice of best comes based on your credit spends. It’s all about the right Citibank credit card which should be best suited for your needs. Citibank offers credit cards under the following categories.

IMPS stands for Immediate Payment Service. It is a payment system that uses the internet to instantly transfer money electronically across the county, safely and securely among partner banks.

A credit card is a tool that allows an individual to make purchases by borrowing from a bank. The individual can then repay the due amount within a grace period of 25 to 30 days. This allows a person to buy now and pay later, thereby making it convenient and affordable at the moment.

Buying a bike with EMI paid from either a credit card or with a two-wheeler loan provided by a bank or an NBFC (Non-Banking Financial Company) will have its own sets of advantages and disadvantages. You can pick which is better based on your personal requirements.

SBI Simply Save Credit Card rewards users for purchases made towards dining, movies, departmental stores & grocery spends. Users also get fuel surcharge waiver and more benefits.

The IRCTC card by SBI can enable you to get free train tickets and thereby helps you save on money for travel. If you book an AC ticket, you can get up to 10% cashback (except 3 AC).

If you are a foodie and love shopping at Fbb or Big Bazaar, then this SBI style up credit card is just for you! As soon as you get your SBI style up credit card, you get a free Fbb welcome gift voucher of Rs. 500.

This is a premium credit card that is best suitable for people who travel frequently and dine at hotels. The offers on the card are very much associated with the travel, dining and lifestyle categories.

he credit card issuers allocate credit limit to each applicant purely based on the above-mentioned factors. Most credit card issuers provide a certain percentage of your income as credit limit. In some cases, it could be up to 3 times of your monthly gross salary or a certain percentage of your salary.

It is a good habit to pay your credit card early as it can help keep your credit score consistent without having a negative effect on it.

It is just a way to access credit which is like a temporary loan on your purchases which you need to repay with actual money that you have in your bank within the given period of time or you will be charged an interest on it.

It is very simple and easy to transfer money from your credit card to Paytm.  Paytm has something called the Paytm Wallet, where you can load money to be used at shops and other merchant locations. 

You cannot pay SBI Credit Card Bill using your Paytm Wallet. You can use the Paytm UPI interface to pay SBI Credit Card bill from a bank account though. However, you can use the New Paytm Wallet for merchant payments such as recharges, bill payments, online shopping or payments at your favourite stores that accept Paytm Wallet. 

You cannot pay your HDFC credit card bill through your SBI credit card as it can be paid only through a bank account or through internet banking. If you are unable to make the payment, one option would be to do a balance transfer as this can save you some money if the other lender offers a lower interest rate than the current credit card lender.