Wednesday, August 5

Tag: credit card

Business & Finance
Usage of credit cards in India saw a spike of 27% in 2018-19 with the digital push that the financial market has received lately. Total spends in the credit card segment also increased to a significant number compared to the previous year, witnessing a total transaction value of Rs. 6 Lakh Crore. While the popularity of credit card usage increases, financial institutions further supported this growth through facilities like online statements of credit cards. Cardholders can thus find all the transaction details as well as check credit card balance by accessing their monthly statement online. Accessing a digital copy of your monthly transaction statement is now easier with card issuers facilitating methods like email and phone based apps as well. Access to the available balance as wel...
What is Credit Card and How to Apply It Online?
Business & Finance

What is Credit Card and How to Apply It Online?

Credit cards are a financial product offered by lending institutions that can be utilised for purchase or payment of various products and services. Unlike debit cards, these credit cards do not require you to pay before making a purchase. Instead, the spent amount is added to your line of credit. What is the definition of a credit card? To understand what is credit card, realise that here you borrow funds from credit card lenders at the time of purchase which is paid later by you. Subsequently, below are a few credit card terms that everyone must be aware of to get a thorough knowledge about credit cards. Credit limit Each credit card has a limit which is the maximum amount of fund that particular user can utilise using that card. However, exhausting the credit limit is not ...