Below are some of the easy to follow tips to avoid credit over limit fee – Know Clearly About Your Credit Card: It helps to noticeably know the fee and charges imposed by your credit card provider so that you can be attentive of the circumstances. Be cautious of your Credit Card Limit: This is a vital number every credit card user should be responsive of so that you know when to stop spending the card. Go for balance update…
The following are few significant benefits of having multiple credit cards: Multiple credit cards offer you with extra flexibility and handiness When you have a less credit limit on a single credit card, holding more than one card can be beneficial You can take an extended interest-free credit period if your cards have dissimilar billing dates. For an instance, Card X has a due date during the start of the month and Card y has it at the month end….
Following are a few significant benefits of holding a business credit card: Immediate Finance A business credit card can be used as a channel for gaining access to immediate finance. Small or medium business owners may often struggle with cash flows due to a several reasons. A business credit card may certainly help them in facilitating those concerns. 0% interest till due date Until the business is in a position to pay back the amount within the date of clearing…
Following are a few significant benefits of holding a business loan: Larger amounts can be borrowed A business loan lets you to avail larger funding, which may be needful for building fixed assets for a business. The amount of loan obtainable under a business loan are defined varies from application to application based on the business financials, assets guaranteed, general financial situations of the country, and other such. This comes across as the appropriate mode of financing if a business…
Be mindful of your Spending Habits If you have a habit of using your debit card or paying with cash, then cashback credit cards may not be the best choice for you. If you’re someone who is not comfortable using credit cards, then a cashback credit card will not give the best benefits for you. Consider the Annual Fees Just like regular credit cards, cashback credit cards come with an annual fee. Make sure to factor this fee while applying…
A Secondary cardholder can receive a separate credit card with their name and info, but the secondary card holder is not the authorized person for the account. The card is part of the primary credit card account under the control by the primary cardholder and several account alteration powers lie with them. On the other hand, you are able to relish the offers and privileges that come with the card. No effect on your credit score – Since the primary…
High transaction fees on the cash advance: You are usually charged a fee upfront based on the amount of the cash you borrow. These charges are covered in the terms and conditions part of your credit card agreement. Different lenders charge different fees—it is best to contact the customer care of your lender in order to know the up-to-date charges No grace period: When you make a purchase with your credit card, your lender won’t start charging interest right away….
There are several ways to consolidate your credit card debts to manage it better. Some of the popular options include: Take an unsecured loan With the rise of digital lending, today, it’s easier than ever before to obtain an unsecured loan at affordable interest rates. Some of the popular options include personal loans or even specialized debt consolidation loans. Pros: Easy eligibility. All you have to do is provide essential KYC documents, salary/income proof, and you are provided the loan…
Almost all the credit card lets you to get cash advances, though ill-advised. Below are the steps if you are wishing to opt for a cash advance. Consider other options: As stated above, cash advances are not a great idea. You can consider options such as gold mortgages, personal loans or credit cards with low APR or 0% APR. Check to ensure your credit card allows cash advances: Contact your provider’s customer care to see if your card is eligible…
Cashback offers are one of the most prevalent offers at the moment. Online customers are well-known of how cash back works. Digital wallets, ecommerce portals, food delivery apps, all offer cashback offers to lure customers to spend and shop more. With a cashback credit card, each time onw tap, swipe or pay using the card both offline and online, a percentage of the amount purchased is paid back to you. It can be credited in the form of cash to…