Credit Cards

Your first credit card statement arrives and suddenly there are two dates on it — a statement date and a due date — and you are not sure which one actually matters. Then a charge appears for a purchase you thought you made last month. Then you see “minimum amount due” and wonder if that

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,