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how does clearing only minimum dues affect credit
What is the Minimum Amount Due on a Credit Card?

Category : Credit Card

Poonawalla Fincorp Team • Jul 11, 2024 • 205 views

Minimum amount due allows you to pay the minimum amount for your entire credit card bill. It seems tempting during times of financial strain. However, understanding the true implications of this choice is crucial for responsible credit card management and long-term financial well-being. Read on to learn more about ‘minimum credit card payment’, its pros and cons, and how clearing only minimum due affects your credit. Read on!

how to avoid credit card over limit fee
How to Avoid Credit Card Over Limit Fee?

Category : Credit Card

Poonawalla Fincorp Team • Jul 11, 2024 • 853 views

Every credit card comes with a pre-set spending limit. If you spend more than this limit, the credit card company charges you a credit card over limit fee. With some set strategies, you can avoid this additional charge. Read on to know about how credit card over limit fee works and how you can avoid it.

credit card eligibility and factors affecting
What Determines Your Credit Card Eligibility?

Category : Credit Card

Poonawalla Fincorp Team • Jul 11, 2024 • 193 views

Availing a credit card requires you to meet certain requirements set by the credit card provider. This credit card eligibility criteria varies from one credit card issuer to another. Nevertheless, if you are unable to meet this eligibility criteria, the credit card provider might reject your credit card application. So, do you want to know whether you are eligible for a credit card or not? Keep reading to learn about how you can check eligibility criteria for credit cards and other essential factors.

is it a good idea to keep unused credit card
What to Do With Your Unused Credit Card?

Category : Credit Card

Poonawalla Fincorp Team • Jul 11, 2024 • 835 views

Unable to decide what to do with your unused credit card? Close it or keep it? Before you decide, you must consider a few essential points. Read on to know what you should do with your unused credit card.

how to withdraw cash through a credit card
How to Withdraw Cash Using a Credit Card?

Category : Credit Card

Poonawalla Fincorp Team • Jun 19, 2024 • 205 views

A card credit is versatile tool that can be used for your online purchases, in the store purchase or can be used for withdrawal of cash from ATM. Swiping a credit card to withdraw cash is considered as cash advance. This blog helps you understand how to withdraw cash through credit card and its implications on your credit card.

improve chances for credit card application approval
How to Increase Your Chances of Credit Card Approval

Category : Credit Card

Poonawalla Fincorp Team • Jun 19, 2024 • 190 views

With the digitisation, applying for a credit card has become easier than ever. A credit card is a financial tool that helps you manage your finances easily if used smartly. If you are new to credit cards, you must be aware of certain tips that help maximize your credit card application approval chances. This blog lists 11 useful tips you must not ignore. Keep reading!  

credit card annual percentage rate
Understanding Credit Card Annual Percentage Rate (APR)

Category : Credit Card

Poonawalla Fincorp Team • Jun 19, 2024 • 231 views

The word ‘APR’ stands for Annual Percentage Rate. Credit card APR means the yearly interest rate that you need to pay on your credit card balance. The knowledge of the APR of your credit card will help you have a better understanding of the total borrowing cost.

what to do when credit card bill is a struggle to pay
What to Do When Youe Unable to Pay Your Credit Card Bill?

Category : Credit Card

Poonawalla Fincorp Team • Jun 19, 2024 • 170 views

The number of credit card holders has grown considerably in the last few years. A credit card unlocks several benefits, like shopping, day-to-day expenses, or UPI payments. However, you must pay all your credit bills on time. If you are unable to pay credit card bills on time, your credit score may take a hit. So, the right time to act is now.

can multiple credit cards affect credit score
Can Multiple Credit Cards Affect Your Credit Score?

Category : Credit Card

Poonawalla Fincorp Team • Jun 19, 2024 • 180 views

Credit cards are convenient and have made our lives simpler. But does using multiple credit cards affect your credit score? The answer is yes! Let’s find out how using multiple credit cards can affect your credit score and how many credit cards are too many. Let’s begin!

how to decode credit card statement
How to Read Credit Card Statement?

Category : Credit Card

Poonawalla Fincorp Team • Jun 19, 2024 • 179 views

A credit card statement is a crucial financial document that provides a detailed record of your account activity during a specific billing cycle. You can use the statement to manage your finances effectively, avoid late payments, and maximise rewards. Read on to understand the details mentioned on your credit card statement and how the statements work.

how to manage credit card bills effectively
How to Manage Your Credit Card Bills Effectively?

Category : Credit Card

Poonawalla Fincorp Team • Jun 19, 2024 • 150 views

Are you finding it challenging to effectively manage your credit card bills? While it may sometimes be difficult to pay off your credit card debts, especially in times of crisis, it may have a severe impact on your creditworthiness. Following proven credit card bill management strategies such as early payments, lower credit utilisation ratio, etc can help stay stress-free about repayment.

guide on credit card reward points
How to Earn and Redeem Credit Card Reward Points?

Category : Credit Card

Poonawalla Fincorp Team • Jun 17, 2024 • 262 views

Credit card reward points serve as an incentive provided by financial institutions to users for each transaction made using a card. These points accrue as cardholders continue to spend on their credit card. These reward points are intended to incentivise increased use of credit cards. Upon accumulating a certain number of points, cardholders become eligible for rewards or other benefits. Read on to know the benefits of credit card reward points and how to earn and redeem them.

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