Meera Nair

Your credit card bill arrives, you pay the minimum amount due, and assume the rest can wait until next month. Then the next statement lands — and there’s a finance charge you didn’t expect. This is one of the most common and costly credit card misunderstandings in India. Many card users believe that paying the […]

Every month, your credit card statement shows two numbers that look similar but mean very different things: the total amount due and the minimum amount due. Most Indian cardholders assume that paying the minimum amount due means the bill is handled — that they are safe from charges, safe from their credit score taking a

An add-on credit card sounds like a simple convenience — one card for your spouse, one for a parent, and a single bill at the end of the month. Many Indian families use them exactly like this. But there is a side of add-on cards that most people only discover after the statement arrives: the

Wanting to close a credit card is completely reasonable — annual fees on a card you barely use, or the temptation to overspend on a second card, are real problems. But the moment most people decide to close a card, a new worry sets in: will this damage my CIBIL score? The fear is valid,