The Vibe Journal: Finance Blogs

Issuers increase the limit of credit cards based on your creditworthiness and financial profile. Some common factors that most issuers assess include the following:  Annual income Existing debt  Number of credit cards in your name  Employment status Repayment history Your credit score Having a card with a higher limit allows you to spend more, enhancing …

Knowing more about the differences in features of personal loans vs credit cards is important so you can choose the right one during times of need. To ensure you can meet and address your financial obligations, figuring out which of these supports your needs for quick and restrict-free usage is key. Read more below to …

The validity of a credit card is something that you may wonder about: Why does it exist and what purpose does it serve? Before you find out why a credit card’s expiry date is important, keep in mind that knowing when it expires is the key to using it seamlessly for all your transactions.  After …

When you apply for a secured loan, the value of the collateral you provide determines the loan amount you can get, which is referred to as the loan-to-value (LTV) ratio. Simply put, it is the ratio of the value of the asset you put up as collateral and the amount you receive as a loan.  …

Bridge loans are a type of financing option that, true to their name helps you bridge the gap between you and your goals. With advancements in fintech, getting loans for urgent requirements is now easier than ever. However, in some instances, you may face a delay and access to funds may take some time.  In …

Every credit card user wonders, ‘how to know credit card balance’ at least once. Before learning about that, you need to understand that the card balance differs from the credit limit. The credit limit is the maximum amount sanctioned by the issuer, but the balance is the remaining credit limit after its usage.  By initiating …

Issuers set the maximum credit card limit in India by considering a number of factors. You can only make transactions within this specified limit. So, knowing how financial institutions determine this limit is crucial. Remember, the maximum limit in India varies across issuers and individuals as it is based on: Guide to Credit Card Limits …

Wondering how to carry out a credit card to bank transfer? While it may seem like a hassle, it is actually a simple process that can help you when you have insufficient funds in your account. It can also come to your aid in instances where you cannot transact with your credit card. Read on to …

Keeping credit card and debit card differences in mind can help you choose your preferred option to achieve your financial objectives. As two of the popular modes of payment, these cards simplify your shopping experience by avoiding the risk of carrying cash. Both cards share some common features, while their key benefits vary vastly.  Choosing …

Credit card skimming is becoming a growing threat in today’s digital world. Scammers use a physical device called a skimmer to steal your credit card details. With your sensitive information at hand, they carry out fraudulent transactions using your card.  To know about how skimmer works, what you can do to prevent it and more, …