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
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
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
Many of us use credit cards. Are you aware that you can use your credit card to make cash withdrawal from ATMs too? However, even though cash withdrawal from ATM is permitted, it does not mean you have to withdraw cash using your credit card. Cash withdrawal using your credit card may not be a… Continue Reading
Credit cards are easily available these days. The banks keep chasing customers with attractive offers (or so they say) on their credit cards. Personally, I am not against credit cards. If you use your credit cards judiciously, you can save a lot of money. You get an interest free credit period of up to 52… Continue Reading