The Vibe Journal: Finance Blogs

The newly launched Fibe Credit Card is a co-branded card launched in collaboration with Axis Bank and comes with attractive features and benefits. With it, you can make every transaction more convenient and rewarding.  One of its many standout features compared to traditional credit cards is that you can link this numberless RuPay credit card …

Whenever you take debt, interest accrues on the amount borrowed, usually calculated based on a pre-determined interest rate. Accrued interest plays a key role for both borrowers and investors, as it helps determine the amount due for a loan, bond or other type of debt.  Knowing how accrued interest calculation is carried out is crucial …

Knowing the current prime rates or prime lending rates is important if you plan to apply for a loan. This is the interest rate that financial institutions charge borrowers with high creditworthiness. The prime rate impacts the interest rate on credit cards, home loans and other types of credit you plan to take.  Read on …

Most banks now offer the facility of auto sweep with a minimum balance on savings accounts, which has become popular amongst account holders. While regular savings accounts offer interest, it is often below the inflation rates.  However, the auto sweep account interest rate is higher than the savings account rates, allowing you to earn higher …

Credit card issuers increase your limit based on your financial profile and creditworthiness. They look at factors like your income, existing debt, number of cards, job status, repayment history and credit score.  A higher limit gives you more spending power for shopping, essentials, food, travel and entertainment. Want to boost your credit limit? Here are …

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 …