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What Is the Meaning of Your Credit Score?

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Do you remember those childhood days when you anxiously awaited your scorecard at the end of each academic year? Two digits (unless you scored 100%) summed up your educational performance for one full year!  Now that school is over, there are no more mark sheets to bother about for most of us. However, there is another scorecard that impacts your life in several ways, without you even...

Worried about credit card breaches? Here’s how they can affect you

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With the increasing adoption of plastic money, there’s also an increase in the number of credit card data breaches across the world. In 2017, the credit-reporting agency Equifax had a massive breach that compromised information, such as credit card details and Social Security numbers, of almost 50% of Americans. However, this was not an isolated incident. Most recently, the food-delivery service...

Credits cards are a double edged sword. So should you cut the cord on them?

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Having a credit card is good for your credit score, provided you use it wisely. However, there may have been times when you wished to close a credit card, say when your credit provider increased the annual fee, or you were being offered a better deal by another institution.  But closing a credit card is bad for your credit score, right?  Well, that’s not always the case. Credit card...

Gone over your credit card limit? Don’t panic, there’s a way out

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It is not uncommon for credit cardholders to be charged for going over their credit limits. And it generally only occurs with your consent. If you are find yourself in such a situation, there are only two possible outcomes. Either you incur a late fee or you end up hurting your credit score. Opting Out of Over the Limit Charges When a credit card is issued, you might be given an option to opt for...

Protect Your Credit Card’s Health After a Data Breach

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With advancing technology, most of our personal information has moved to the digital world, making us more vulnerable to cyber-attacks. A data breach is a type of cyber attack that can be defined as a security incident in which personal information is accessed without authorisation from the individual. Such attacks may happen at an individual level through phishing emails, or at an organisational...

Victim of Crippling Credit Cards? Try These Rewarding Options Instead.

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The first rule of Fight Club – you do not talk about Fight Club. The first rule of credit cards – you consult as many experts as possible before getting one. There is no magic recipe for finding your ideal credit card. The one that floats your boat depends on how much you are willing to pay for premium services and the credit limit that suits your needs. On top of this, there are...

Should I cancel my credit card if I don’t use it anymore?

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The answer might surprise you If you own a credit card that you don’t use anymore, cancelling the card seems like a no-brainer. However, credit card pundits would disagree. Unless it comes with an annual fee, you’re better off keeping the card. Even if your card does come with an annual fee, cancelling the card should be your last option as there are other solutions you could consider. When...

How to use interest-free period on your credit card wisely

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A step-by-step guide Do you get stuck in paying interest on credit card transactions? If so, the interest-free period could be your new best friend. As a credit card user, you may know that there is an interest-free period on your card. It might not be offered by all the banks, but most of them provide a grace period of 45-50 days. This grace period can be used wisely to avoid paying interest...

Stay updated with your American Express Credit Card Application Status

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Never miss an update. Have you applied for an American Express credit card recently? Not sure about how to check the status of your application? Here’s a step by step guide along with all the information that you need to check the status of your American Express credit card.  Read this article to understand the online and offline methods for tracking the status of your credit card...

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