Tag: Credit Card

Things You Should Know Before Getting Your First Credit Card In India

Things You Should Know Before Getting Your First Credit Card In India

Technology
As you start earning or receive a hike, it is common for you to seek external financing to purchase high-value items. And, what can enable you to do so than your first credit card. It can not only help you make big-ticket expenses with EMIs but also improve your credit score. A higher credit score further makes you more eligible to avail loans of higher amounts. Before opting for your first credit card, here are several aspects that you should know about. It will help you to use them smartly – Interest rate – Since credit cards are a type of personal loan, financial institutions will charge interest. However, financers will only charge interest on a credit card if you fail to pay your bill within the grace period (usually 20 to 25 days) or make a late payment. Accordingly, you ne