Credit Card Blogs

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: With a possibility of credit risk looming over the creditor, lenders evaluate a prospective borrower’s financial standing before approving a loan. Each of the 5Cs of credit mentioned …

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 …

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 …

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 …

Investing in a chit fund and applying for a personal loan are a few options financial institutions offer to help you manage financial needs. However, before choosing an ideal option, you need to understand their meaning, differences and benefits.  While a chit fund is an informal option for borrowing and saving money, a personal loan …

A credit card is a handy tool to fulfil your short-term goals with the help of a pre-approved credit limit. If you are in need of a higher amount to meet an emergency and need more time to repay it, you can opt for a loan on a credit card.  Similar to other borrowing options, …

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 …

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 …

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 …

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 …