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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...

Missed Activating Your Credit Card? Here’s What Happens

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Did you make an impulsive decision to get a credit card and are now regretting it? Maybe the financial freedom of shopping at your favourite merchandise store lured you into the mix. Or maybe you were unable to gauge the emotional implications of carrying it around. Whatever the case, here is how the activation process usually boils down to: You receive a new credit card via mail.The documents...

Be updated with your Standard Chartered Credit Card application status

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Don’t miss out on regular updates. Have you applied for a Standard Chartered 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 Standard Chartered credit card.  This article would help you to understand the online and offline methods for tracking the...

Stay updated on your SBI Credit Card application status

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Checking of application status made easy. Have you applied for an SBI credit card recently? Not sure 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 SBI credit card. Read this article to understand the online and offline methods for tracking the status of your credit card application. Check...

Stopped using your credit card? Here’s what you should do next.

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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...

5 Hacks to Boost Your Credit Score

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Jack and Jill had a perfect life. Excellent salaries and an enviable lifestyle managed with the help of swanky credit cards. High salaries meant high credit limits which also meant more purchasing power.  Well, everything was great until last month when they decided to apply for a mortgage to purchase their new abode. And that’s when the world came crashing down.  Their mortgage application...

Credit card gone missing? Here’s what you should do.

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Losing a credit card sure sounds like a nightmare. However, you can prevent your loss from turning into a nightmare by acting swiftly and following these four steps: 1. Don’t Panic Just like losing your mobile phone or your car keys, losing your credit card is a troublesome thing. However, panicking about your loss is not going to help. Instead, act quickly and report your loss to the relevant...

Hard and Soft Credit Inquiries: Drawing the Line

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If you are a product, your credit score is the price tag. It conveys the cost of onboarding you as a customer that banks will have to bear over your lifetime. Naturally, the lower this cost is, the better your chances are of selling yourself. But, how do banks determine your credit score? This is where the crux of our topic lies. To understand the process, let’s first look at the two types of...

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