Recently, we reviewed a Fixed Deposit backed credit card from ICICI Bank (ICICI Bank Instant Platinum First Credit Card). Such credit cards are useful for first-time borrowers who are struggling to get their first credit cards because of adverse or lack of credit history. You can use such cards to build or improve your credit… Continue Reading
You own a credit card and have racked up a big bill on the card. Your cash flows are stretched this month and you can’t pay the card dues in full. You have been a good borrower all along and don’t want this instance of unpaid dues to become a blot on your credit records.… Continue Reading
IDFC First Bank is launching credit cards where the borrowers will have to pay only 9% p.a. as Annual percentage rate (APR) or the interest rate. This comes as a healthy surprise since we are used to 36%-40% p.a. APR on credit card debt. If you are new to this terminology, 36% p.a. APR means… Continue Reading