We have all encountered news regarding credit cards being devalued, or perhaps even experienced this firsthand when one of our credit cards underwent devaluation. Such an experience can leave a negative impression. You may find yourself wondering the reasons behind this and what steps to take if it happens to you. This post aims to …
Tag: Misc
Quick guide on Marriott Bonvoy loyalty program
Marriott is the largest hotel chain in the world by the number of available rooms. It has more than 30 brands with 8000 properties containing around 1.5 million rooms in ~139 countries. Marriott Bonvoy is the loyalty program offered by Marriott International which allows guests to earn and redeem points for various benefits and rewards …
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American Express Platinum Charge Card Unboxing
Recently, I got my hands on the Amex Platinum Charge card and here is the unboxing experience and some quick thoughts. You can read the detailed review of this card if you are looking to apply for it. Application for Card UpgradePost Application Amex Card Issuing CriteriaPrimary Card UnboxingSupplementary Card UnboxingThe CardCard ActivationGetting StartedFinal Thoughts …
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20% TCS on international spends using credit cards
Effective from July 1, 2023, the Indian government has increased the tax collection at source (TCS) rate on foreign remittances under the Liberalised Remittance Scheme (LRS) from 5 percent to 20 percent and also brought spends done via credit cards under the LRS. Let's understand how this impacts those who would use credit cards for …
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Should you close your idle credit cards?
Most of us have some at least one credit card in our wallet that we don't use anymore. And we would have thought about closing that credit card rather than carrying that dead weight. But have you ever thought about what does closing an older credit card does to your credit score and financial profile? …
6 ways to improve the credit score
As we all know the CIBIL score is a really important number for us as a higher score puts us in good light when it comes to getting approved for any kind of loan, getting a better interest rate from the lenders or availing any other financial service from the banks for that matter. Hence, …
Quick guide on CIBIL Report
Many of us know about credit cards and also to some extent know that the way we use credit cards (and by extension loan products) determine what our credit worthiness is which in turn affects our credit score. In India, there are four different bureaus (CIBIL, Experian, Equifax, and CRIF High Mark bureaus) that keep …
5 easy ways to check your CIBIL score for free
Checking your CIBIL score and and keeping track of it at regular intervals is a good financial practice that everyone should adopt. It is good for several reasons: You stay up-to-date about how your financial profile looks like Review trend of the credit score to understand how recent activities impact it You become able to …
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6 ways to increase the credit card limit
Most of us have faced this issue of lower credit limit at least once. A lower credit limit restricts our purchasing power as well as is not good for credit score as it increases the credit utilization ratio. A way to circumvent (read hack) lower credit limit is to make advance payment on the credit …
Why does the credit score vary across bureaus
Do you notice a difference in your credit scores among CIBIL, Experian, Equifax, and CRIF High Mark bureaus? Have you ever wondered why these scores vary significantly, sometimes? This perplexing situation arises due to a multitude of factors that contribute to the distinct scores across these bureaus. The credit score, a numerical value ranging from …
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