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What is credit utilization ratio?

Asked 2019-01-04 20:46:08 by Saanvi Singhal

Answered by NewsBytes

Credit utilization ratio can be defined as the percentage of a cardholder's total available credit which is currently being used. Credit reporting agencies use this ratio while calculating an individual's credit score. Higher credit utilization ratio indicates the borrower's credit hungry behavior, which adversely impacts the credit score.

How to save money using my credit card?

Asked 2019-01-04 20:46:08 by Dhruv Sarin

Answered by NewsBytes

Credit cards can help you save money and earn rewards. Here's how: Avail discounts, deals, and cashback offers to save money using credit cards. Save on fuel purchases through fuel surcharge waivers or reward points. Avail travel offers, restaurant deals, and free movie tickets. Earn reward points for transactions and redeem them. Avail No-cost EMI and flexible EMI offers.

Do Indian banks offer credit cards to someone with no income?

Asked 2019-01-04 20:46:08 by Trishla Chatterjee

Answered by NewsBytes

In India, some banks issue credit cards to individuals with zero income against fixed deposits and strong savings accounts. Some options include: Axis Bank Insta Easy Credit Card, SBI Card Unnati, ICICI Bank Instant Platinum Credit Card, and Kotak Mahindra Bank's Aqua Gold Credit Card.

Can you suggest some credit cards for earning good rewards points?

Asked 2019-01-04 20:46:08 by Aadhya Shah

Answered by NewsBytes

In India, some credit cards offering good reward points and other benefits include: Standard Chartered Platinum Rewards Credit Card, SBI SimplyCLICK Advantage Credit Card, YES FIRST Preferred Credit Card, HDFC Diners ClubMiles Credit Card, and Citi Rewards Credit Card.

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