How to Pay House Rent Using a Credit Card?

House rent is one of the biggest non-discretionary expense in the monthly budget. How do you pay house rent? NEFT/IMPS transfer? Cheque? Cash? I believe, if you are reading this article, you are likely transferring rent directly to the owner’s bank account. Or you already own a house and there is no need to pay rent.… Continue Reading

How to Cancel a Credit Card?

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

How to Use Credit Card Reward Points Smartly?

There are typically three types of benefits that you get when you transact using a credit card. Upfront discount Cashbacks Reward points & miscellaneous benefits (fuel surcharge waiver, airline miles etc.) The benefits for spending on a credit card might take on many other forms too. However, I believe it will fall into one of… Continue Reading

4 Factors to Consider While Upgrading Your Credit Card

You get a call from your bank. The executive tells you, “Since you are a privileged customer, we are offering you an upgrade on your existing credit card.” Such statements invariably massage your ego. Who does not want to be recognized as a privileged customer? In addition, you are getting better benefits and a higher… Continue Reading

Credit Card against Bank Fixed Deposit

You do not like taking credit and avoided any loans and credit cards thus far.  You would pay cash or use your debit card/net banking to make payments rather than using a credit card. Its a matter of choice. And a prudent financial habit too. Non-usage of credit cards takes away the possibility of overspending… Continue Reading

5 Credit Card Habits You Should Avoid

Whether credit cards are useful or harmful depends on the person who uses it. To a prudent spender, a credit card means discounts, cash backs, reward points, easy and interest-free credit. To an irresponsible spender or someone who is struggling with cash flows, credit card may mean high interest rates, minimum payments, penal charges and… Continue Reading

Investments through Credit Cards?

Many of us have grown so fond of rewards points that we even want to make our investments through credit cards.  Sounds good, right? It is like having a cake and eating it too. Many times, I hear this question (investment through credit card) at the end of the financial year when many of us… Continue Reading

Five Advantages of Using a Credit Card

Whenever I write about credit cards, I focus mostly on things that can go wrong when you use credit cards indiscriminately. You may end up spending more than you can afford to. The debt can suddenly pile up if you don’t pay bills on time as the interest rate charged is exorbitant. In this post,… Continue Reading