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What is a credit score?

Asked 2018-08-25 18:01:26 by Anonymous

Answered by NewsBytes

When you apply for a loan, the first thing that a lender check is your credit score. A credit score reflects how credit worthy are you i.e. how good you are in paying back your credits taken in the form of loans or by using credit cards.

Can I use debit card for EMI?

Asked 2018-08-25 18:00:56 by Anonymous

Answered by NewsBytes

You can occasionally use a Debit card for EMI. You can choose to make a payment in the form of Equated Monthly Instalments (EMIs) by using a credit card, as debit cards do not qualify for the EMI option in most of the cases.

Can we claim free gifts using a debit card?

Asked 2018-08-25 17:59:11 by Anonymous

Answered by NewsBytes

Yes, you can claim free gifts using a debit card also. Debit cards rarely provide such rewards and monetary-benefits. Credit cards let you earn reward points on your transactions using which you can claim free gifts, service upgrades, etc.

How credit cards are different from debit cards?

Asked 2018-08-25 17:57:02 by Anonymous

Answered by NewsBytes

Credit cards are very different from Debit cards. The difference lies in the way they function. With debit cards, you use your own funds available in your bank accounts, but with credit cards, you borrow money from a credit card company.

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