Banks are offering credit cards widely to employees and business associates. But is it wisely take one and use them? This is the first question that strikes most of the first time users. Read through to find a conclusive answer. An efficient use of credit card helps manage cash flow. However, ensure to get an…
Yes, there is no easy way to wipe the slate clean and delete bad credit record, but you can definitely put efforts to gradually improve it. Following good credit habits like timely payments of balances and due amounts would surely help enhance the credit status. But, there are some lesser known, easy ways to improve…
Cancellation of a credit card should not be an impulse action. A credit card can come in handy during emergencies and maintain credit or CIBIL score! If you are desperate to cancel it, you should be aware of a few things before going ahead. When To Close A Credit Card? Firstly, credit cards can be…
Most of us use some type of plastic money, either in the form of debit cards or credit cards or both. These cards offer easy ways to access money, without the need of bulky cheque-books or heavy wallets. However, there are remarkable differences between these cards. Learning the pros and cons of credit and debit…
Undisciplined use of credit cards leads to self-inflicted wounds. Credit cards simply work as mini loans and your financial mistakes push you into the vicious cycle of credit debts. Read this his ArthaYantra post to learn about situations where credit card usage should be avoided. Say No To Cash Withdrawal With Credit Card: Credit card…
With too many offers and shopping options available, carrying multiple credit cards has become a common agenda these days. People assume that carrying several credit cards does not harm them as long as they are manageable and does not affect the credit score. But it is not always easily achievable to everyone. So, more the…
Credit cards carry higher interest compared to any other form of debt. The easy access to credit card debt has spiraled into a new debt problem for many. Most of us never seem to get over the credit card debt despite making consistent payments to clear the outstanding balance. Managing the debt and paying it…
Understanding the growing importance of credit score is imperative to the success of financial planning. Financial planning is effective if one is able to utilize the available resources to the optimum level. As sources of income alone cannot always suffice the requirement of funding one has to look at alternatives of credit. Bargaining for the…
Credit cards boost the credit score of the user if used wisely. Likewise any mismanagement on part of the card user will hamper their credit worthiness. Credit cards can be both a bane and a boon. Even if one can manage without having a credit card having one ironically improves their credit score. At the…