Outstanding Amount in a Credit Card: Know Meaning and Importance

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If you use a credit card or plan to apply for one, you must know all there is to know about the outstanding amount. This number affects your credit score and financial health.  The outstanding amount on your credit card refers to the total unpaid balance on your card. Let’s understand the meaning of the…

Best Credit Cards to Save on Movie Tickets

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Going to the movies is a favourite pastime for many. However, the cost of tickets and other related expenses can add up quickly. To deal with these expenses, you can opt for certain credit cards that offer savings and perks for moviegoers. These are also called entertainment credit cards.  IndusInd Bank provides a range of…

How to Check the Credit Card Due Date?

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When you stay on top of your credit card payments, you can maintain a healthy financial profile. Being on top of repayments before your credit card due date can help you avoid late fees, penalties, and negative impacts on your credit score.  This article will guide you on how to check the credit card due…

Pros & Cons of Using a Personal Loan for Debt Consolidation

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Debt consolidation means combining multiple debts into one. The new debt consolidation loan may come with a lower interest rate. It can make repayment easy and also save you money.  Using a personal loan for debt consolidation can help you manage and reduce your overall debt. However, it has its pros and cons. Here’s a…

What Does “Prepayment Penalty” Mean for Personal Loans?

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Borrowers often look for ways to reduce their personal loan debt. One option is to repay the loan before the end of the loan tenure. It is also known as loan prepayment.  However, some banks charge a penalty for such early repayment. It is crucial to know what the prepayment of a loan is and…