What is Credit Card Over Limit Fee & Its Impact

0

Credit cards are an ideal resource for managing everyday expenses and large purchases. But you can use your credit card up to the credit limit set for the month. Exceeding your credit limit can lead to additional charges known as the credit card over limit fee. Understanding these fees and their impact on your credit score…

Credit Card Negative Balance: Reasons, Effects, & Solution

0

While most people associate credit cards with owing money, sometimes you might encounter a credit card negative balance. It is a situation where the bank owes you money.It can be confusing, but it is a sign that your credit card account is in good standing. In this blog, we will explain what a credit card negative…

What is a Credit Card Dormant Account?

0

Have you ever stumbled upon an old credit card that was untouched for months? It may be what’s known as a ‘dormant credit card’. While it might seem harmless to let a credit card sit idle, understanding the implications of a dormant credit card account is crucial for maintaining a healthy financial profile. Read on…

The term ‘NRI’ is frequently used in India, especially in financial and legal contexts. For instance, many banks and financial institutions provide NRI bank accounts with specialised services.   But what exactly does the term ‘NRI’ mean, and who does it apply to? Understanding the full form of NRI and the implications of the NRI status…

Reasons to Use Credit Cards for Utility Bill Payments

0

Utility bills are a recurring expense that you must take care of. However, in the hustle-bustle and expenses of daily life, one may end up forgetting the due date for bills. Or you may not have sufficient funds in hand to pay all the utility bills.  One effective way to deal with such issues is…