Credit card lets the user buy-first-pay-later which makes it an increasingly popular option for the millenials in the workforce. It allows them to pay for their needs even when they do not have enough liquid cash in their hands. 

But before you apply for the credit card here are important things you must keep in mind to avail all of its benefits - 

• Avoid the debt trap - when you make transactions using your credit card make sure to pay them off regularly with the regular payments. Simply, avoiding to pay will pile up the payments and turn them to a debt which will lead to monthly interest rate of around 3% to 4% on the outstanding of the card. 

• Do not overspend - once in a while, we all love to indulge and there is no other financing option better than a credit card which will help us do it. However, this must not a habit. As with every transactions made, as a user, you are also supposed to pay it off. Besides, if you doing it just to earn reward points and discounts the strategy might

Having your credit card compromised is a highly unwanted situation. It not only stresses you out mentally but also leaves your finances vulnerable at the hands of culprits. To avoid a sticky situation such as this you must know of some smart tips to save yourself and your card.

• Personalize the credit card - as soon as you receive your credit card make sure to sign the back of your card. This ensures that the card is yours and no one else is able to use it unless you want them to such as your family member. 

• Fraud alert - you can set up ‘initial’ and ‘extended’ fraud alert on your RBL credit card. With this, the lender will inform you via call, email or SMS of any unusual activity. The alert helps you identify fraud either occurring or has happened recently and pushes you to block the card to save you from the same. 

• Save details carefully - the information of your credit card especially its pin number is an important tool to authenticate transactions. Hence, at all times make sure to

One of the ways to settle a huge outstanding on your credit card is to opt for a balance transfer. It is a recommended option as it not only lowers your EMI but saves you from paying the additional rate on the card, as well. But, before getting started keep these important pointers in mind -

1. In order to be eligible for a credit card balance transfer you must have a good or an excellent credit. Where, recency and frequency of payments is take into consideration. And especially the recent missed dues can negatively affect your chances of being approved for a transfer. Even for a 0% introductory rate or approval for enough credit to have your balance transferred.  

2. Additionally, most credit card balance transfers charge a fee and may even levy an annual fee on the credit card. Such costs and the time taken to clear off the outstanding dues on your credit card payment may negate any interest savings you may be eligible for with the balance transfer. 

3. Most importantly as you are required to

Credit card is a flexible and simple financing option which lets you shop-first-pay-later. It gives you the power to make transactions even when you are short of liquid cash. But, there are important things you must keep in mind when you use your credit card to ensure that all transactions are secure.

Let’s go through them here - 

• Carry the credit card with you and try not to share it with anyone. This is a simple yet the first step to ensuring the safety of your card. 

• While, making transactions online or at the store punch in credit card details yourself and do not share any kind of information with anyone. 

• The credit card statement you receive every month make sure to go through it thoroughly. This is a smart way to identify fraud or any transactions which might have been carried out without your knowledge.

• Avoid using the credit card on open networks such as an office LAN or public WiFi. You would be avoiding sharing sensitive card information to any third-party or even hackers.

• While

Having your credit card application rejected can be rather disappointing. There may be times when you are not sure of the exact reason of the same. Hence, mentioned below are reasons which will help you re-apply for a rejected credit card application. 

• Be clear of the exact eligibility criteria set by the lender. This is crucial so you can apply accordingly and have the relevant paperwork prepared to improve the chances of your application getting accepted.

• While, filing for your credit card application cross-check information you provide such as your personal and financial details. Any error while filing the application can lead to rejection of your credit card application. 

• Have all documents such as your ID proofs etc. ready while applying for the card. There may be times when you are needed to provide additional supporting documents. So, keep them with you to get the credit card of your choice. 

• Avoid applying for too many credit cards at the same time. As it gives the impression that

A credit card, whether you like it or not, has become an everyday essential. Moreover, the ease of availability has helped credit cards become a common man's thing. Therefore, whether you need a credit card or you are doing just fine without it, having one in your wallet to pay when you are out of cash is a smart thing. 

Having said that, don’t get lured by misleading credit card offers. Take your time, do some research and choose the most conducive card for yourself. Follow the below shared tips and make a wise decision.  

How to choose the right credit card for yourself?

1. Analyze your spending habits: Analyze your spending habits. Find out expenses you’ll be mostly doing using your credit card. Once you get the clarity, find a fitting credit card customized as per your usage to impart maximum benefits. 

2. Check the interest rate: Also, check the interest rate the card provider will charge if you fail to pay on time. Go for the card charging the lowest. 

3. Define your credit limit: Define your

The market today is full of several credit cards from various lenders. However, it is suggested to adopt for card only after proper research and then choose the one which offers more benefits. Moreover, it is also wise to opt for a card which provides unmatched security to its users so as to safeguard them from any kind of fraud especially online. Having said that, let’s know of ways to protect your credit card from online fraud - 

• Make sure the online channels/ portals/ e-sites you make transactions through are reliable and secure. 

• Install an antivirus software in your devices to eliminate chances of credit card information getting leaked.

• Apply for the credit card which offers unmatched security such as ‘In-hand security’ to experience more control over your card and ‘Zero-fraud liability cover’ to avoid threats of cybercrime.

• Get your credit card transactions linked to your phone. So, anytime a transaction is made an OTP will be sent to your phone to authenticate the transaction and

Irrespective of misconceptions prevailing regarding credit cards, approximately 36 million people in India own one. Given that, some of them are likely to face financial problems and find it difficult to pay the outstanding dues of their credit card. In such circumstances, their biggest question would be ‘how to avoid the high interest rate of credit cards?’. On that note, before you find yourself stuck amidst such questions, below are some tips on how to avoid or minimize the interest charges on credit card outstandings. 

1. Convert your credit limit into personal loan: This facility is something new and extremely lucrative. However, it won’t help you avoid interest charges on the outstanding dues but it will certainly help you keep it to a minimum. If you are aware of the fact that the financial problem will continue for more than a month, convert your credit limit into a personal loan instead of taking cash advances or swiping your card to get through your cash needs. Conversion