If you need quick credit card approval, it’s important to assure the issuer of your creditworthiness and repayment capacity. Since the issuer is at risk of financial loss, they approve applications only after reviewing your credit behaviour and ability to pay the dues. For this, they check many parameters, which you can work on to …
Continue reading “6 Easy Tips to Get Quick Credit Card Approval”
Comparing BNPL vs credit cards will allow you to choose the ideal option for your shopping experience. You can use both options to facilitate larger purchases and settle your bill through small, manageable instalments. But to make the right choice, you must understand their features, benefits, drawbacks and what makes them different. Read on to …
Continue reading “BNPL vs Credit Card: Which One Is a Better Option?”
If your credit card application is declined, it isn’t the end of the world. Nowadays, applying for a credit card is easier, thanks to fintech advancements that allow you to get quick approval from the comfort of your home. Despite the easy access, issuers have specific eligibility criteria that you must fulfil. All financial institutions …
Continue reading “6 Reasons Why Your Credit Card Application Declined & how to improve”
Knowing the charges for credit card cash withdrawal is a must before you use this facility. Cash withdrawal via a credit card can be an ideal way to access funds when you are in need, but it comes at a cost applicable from the date you make the withdrawal. This charge also differs from the …
Continue reading “Charges for Credit Card Cash Withdrawal: Important facts to Know”
EMV cards have gradually replaced metal strip cards. A primary reason for this is that they come with stronger encryption to protect your card details during the transaction. While metal strip cards encode your details in the strip on the back of the card, these cards store your details in an EMV chip. Read on …
Continue reading “What is an EMV Card? 5 Important Aspects to Know”
Think of a credit appraisal as the immediate response to your loan application. Financial firms, be it a bank or NBFC, run this check to see if you qualify for credit, be it a loan or a credit card. This process helps them understand your repayment ability and thereby, the risk they will take on …
Continue reading “What is Credit Appraisal? Everything you Need to Know”
Knowing the 5Cs of credit is crucial as lenders use this as a framework to assess the creditworthiness of a borrower. These 5Cs refer to the following: Character Capital Capacity Collateral Conditions With a possibility of credit risk looming over the creditor, lenders evaluate a prospective borrower’s financial standing before approving a loan. Each of …
Continue reading “5Cs of Credit: What do they Mean and why are They Important?”
Financial institutions like banks offer prepaid credit cards to help you go cashless without being exposed to any debt. Unlike regular credit cards, prepaid cards require you to transfer funds into the card account before you can begin using them. You can then pay online or offline until your balance is exhausted. One of the …
Continue reading “Know the Benefits of Prepaid Credit Cards and How to Choose the Right One”
Virtual credit cards (VCCs) are digital copies of regular credit cards offered by issuers upon your request. These cards help protect your card details, especially when making online transactions. This is especially important in recent times due to the increase in fraud, hacking and fake websites impersonating genuine e-commerce platforms. When you generate a virtual …
Continue reading “Virtual Credit Cards: Features, Benefits, & How to Them”
Credit cards have become increasingly popular and therefore, credit card validation has become more pertinent than ever. The validation process helps ensure the card number is valid. While the process is complex, many online credit card validators make this easier, simpler and quicker. Read on to learn how credit card validators work, their importance, benefits …
Continue reading “Credit Card Validation and Validators: What do you need to know?”