Online shopping is getting increasingly popular these days. There is convenience, variety and yes, discounts. Moreover, these online retailers keep running offers on various credit cards. As a buyer, even if you don’t like to use credit cards, you wouldn’t want to let go of easy discounts or the No-cost EMI option. Despite your dislike,… Continue Reading
You must make a purchase or spend some money, but you don’t have the money. If we leave out informal options like hand loans from friends and family, you must fund the expense through credit. Let’s assume the amount is not big enough for you to go through the pain of applying for a secured… Continue Reading
Recently, I read an excellent article from Uma Shashikant about the signs of a person battling with debt. Remember, the person who is in debt trap or nearing one may not tell you if that’s the case. However, if you see such signs and realize that your friend or family member is struggling with debt,… Continue Reading
Technology has made things easier for most of us. From purchasing gadgets and groceries to making travel and hotel bookings, everything can now be done in a few clicks or taps. Mobile wallets such as PayTm, Amazon Pay and PhonePe have add to convenience in a big way. You can now easily make your mobile,… Continue Reading
Recently, I got a promotional email from a bank to convert credit card outstanding to EMIs. The EMI amount will be added to the credit card statement every month. I have discussed such deal structures in much greater detail in an earlier post. However, there have been a few interesting developments in the payments space that such… Continue Reading
So, you want to close your credit card. The reasons for closing a credit card may be many. You already hold other cards that provide you sufficient credit limit and you do not need another card. Or you are paying an annual fee for the card that you don’t need. Or you are fed up… Continue Reading
I was recently browsing Amazon.in to purchase an electronic item. When I checked out the payment options, I found many No-Cost EMI offers from various banks. A No-cost EMI means that the sum total of all your EMI payments is equal to the cost of the item. i.e., even though you make payments over many… Continue Reading
Salary loans, as the name suggests, must have something to do with your salary. In this post, when we talk about salary loans, we are essentially talking about loans to manage the mismatch between the timing of your expenses and your salary. By the way, there is no standardised nomenclature. For instance, ICICI Bank has… Continue Reading
Bajaj Finserv EMI Card is a unique product where your purchase amount is automatically converted into EMIs. You can think of the product structure as a pre-approved loan. You can swipe or use the card (where the card is accepted) and the purchase amount will automatically be converted into EMIs. The attractive part is that… Continue Reading
Your credit score plays an important role not just in determining whether your loan gets sanctioned but also in the interest rate you pay on your loan. One of the major inputs during calculation of your credit score is your credit utilization ratio. What is credit card utilization ratio and why should it affect your credit score?… Continue Reading