Credit Card News

In the last few years, some fintechs have emerged that allow usage of credit cards for P2P transactions like rent, tuition fees, etc. The RBI is not comfortable with these payments as credit cards are meant for P2M transactions.

Deciding between a personal loan and a credit card for debt consolidation or other purposes depends on your circumstances.

Using your credit card to its maximum limit means utilizing all the available credit, resulting in a high credit utilization ratio that could negatively affect your CIBIL score. Let's explore the consequences of maxing out your credit card.

If you suspect unauthorized transactions on your credit card, report them to your bank or contact your customer care representative right away to address the issue.

Secured credit cards cater to the needs of young Indian borrowers by offering low entry barriers, flexible credit limits, and competitive interest rates to help build a positive credit history responsibly and establish a secure financial future.

Banks are often hesitant to extend credit when faced with a low CIBIL score, which typically signifies increased risk. However, it is not impossible to obtain credit cards with poor CIBIL score.

A low CIBIL score usually indicates a higher risk to banks, making them reluctant to extend credit.

Credit card holders can expect several changes, particularly concerning reward points and spending requirements, starting from April 1.