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The annual percentage rate (APR) on a credit card is the annual interest rate that is applied to any outstanding balance on the card. It is important to understand the APR on your credit card, as it can greatly impact the overall cost of carrying a balance. It is also important to be aware of any changes to the APR, as some credit card companies may increase the rate at any time. Knowing the APR on your credit card can help you make informed decisions about how you use your credit, and can help you avoid costly fees and interest charges. The annual percentage rate (APR) on a credit card is the annual interest rate that is applied to any outstanding balance on the card. APR can vary greatly among credit card offers, and it's important to compare the APR when considering different credit card options. The APR can also change over time, so it's important to be aware of any changes made by your credit card issuer. If you carry a balance from month to month, the APR will affect the

Credit cards have become a popular payment option in India, offering convenience and flexibility to make purchases and payments. However, it is essential to understand the minimum payment requirement on credit cards to avoid getting into debt traps. In this article, we will discuss the minimum payment requirement on credit cards in India and what it means for your finances. What is the minimum payment on credit cards? The minimum payment on a credit card in India is the minimum amount that a cardholder need to pay to the card issuer each month. It is usually a small percentage of the outstanding balance on the card, typically around 5% of the outstanding balance. For example, if you have a credit card balance of Rs. 10,000 your minimum payment may be Rs. 500. Why is minimum payment important? The minimum payment is crucial because it is the minimum amount that you need to pay to avoid late fees and penalty charges. If you fail to pay the minimum amount, you will incur a late fe

Credit card loans can be a great option for those who need access to cash quickly. However, before you apply for a credit card loan there are a few things that you need to know. In this article, we will cover everything you need to know about credit card loans, including how they work, their advantages and disadvantages, and some tips on how to use them responsibly. What are Credit Card Loans? Credit card loans are a type of loan that allows you to borrow money using your credit card. This type of loan works similarly to a regular credit card purchase, but instead of buying a product or service, you are borrowing money from your credit card issuer . The amount you can borrow depends on your credit limit, and interest rates and fees will apply. How do Credit Card Loans Work? Credit card loans are usually easy to obtain since you already have an active credit card account. You can apply for a credit card loan either online or by phone. The lender will then evaluate your creditworth

Credit card EMIs or Equated Monthly Installments have become increasingly popular over the years. They allow customers to make big-ticket purchases without having to pay the entire amount upfront. Instead, they can spread the cost over several months and pay it off in installments. In this article, we will discuss how credit card EMIs work, their benefits, and things to keep in mind while availing them. What is Credit Card EMIs? Credit card EMIs allows customers to convert their credit card transactions into easy monthly installments. They are available on select transactions and offer a more affordable way to make high-value purchases. With EMIs, customers can choose the repayment tenure, which typically ranges from 3 to 24 months. How do Credit Card EMIs Work? Credit card EMIs work by converting your credit card transaction into an installment plan. When you make a qualifying transaction, you will receive an option to convert it into an EMI plan. The interest rate charged o