List of Best Premium Credit Cards to Transform Your Lifestyle
Posted on Friday, June 28th, 2024 |

Premium credit cards are high-end financial products that come with a host of exclusive benefits and features. These include rewards programs, airport lounge access, complimentary movie tickets, concierge services, travel insurance, dining privileges, and more. Usually, the best premium credit cards in India may have high annual fees. However, their benefits outweigh the costs for…
Read moreWhat is Revolving Credit and How Does it Work?
Posted on Tuesday, June 25th, 2024 |

Revolving credit is a type of credit that includes credit cards and other lines of credit. With revolving credit, you can borrow up to a predetermined limit, repay it, and borrow again as needed. Revolving credit is different from instalment credit. With instalment credit, you borrow a set amount and pay it back in fixed…
Read moreHow Does Credit Card Balance Transfer Affect Your Credit Score?
Posted on Wednesday, June 19th, 2024 |

If you are struggling to clear your credit card dues, you can consider the ‘balance transfer facility’. It is the process by which you can shift the pending balance from one credit card to another. Balance transfers on credit cardscan help manage your credit card debt. However, knowing the effect they can have on your…
Read moreWhat is Credit Card Delinquency?
Posted on Wednesday, June 19th, 2024 |

When you sign up for a credit card, you agree to pay back the money you owe. The card-issuing bank funds your credit card spending. Hence, you are responsible for paying them back what you owe on time. If you fail to pay the minimum amount due on your credit card by the due date,…
Read moreChargeback Explained: Definition, Filing Process & Real-World Scenarios
Posted on Wednesday, June 19th, 2024 |

A chargeback is a consumer protection mechanism that allows credit cardholders to dispute unauthorized or erroneous transactions. When a chargeback is initiated, the bank temporarily reverses the transaction amount to the credit card account while investigating the dispute. If the claim is found valid, the reversal becomes permanent, and the merchant loses the funds. Understanding…
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