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Saanvi Singhal

Saanvi Singhal

Asked on 4 January, 2019

What is credit utilization ratio?

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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.

Dhruv Sarin

Dhruv Sarin

Asked on 4 January, 2019

How to save money using my credit card?

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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.

Trishla Chatterjee

Trishla Chatterjee

Asked on 4 January, 2019

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

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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.

Aadhya Shah

Aadhya Shah

Asked on 4 January, 2019

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

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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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