Monthly Archives: August 2024
Whether you want to access loans, apply for credit cards, or get low interest rates, a good credit profile is essential. For credit profiles, two terms you would have come across are ‘CIBIL score’ and ‘credit score’. While people use both the terms interchangeably, they have different meanings and implications. However, both play a vital…
Your credit score is an important aspect of your financial health. It influences your ability to get loans, credit cards, and favourable interest rates. A 700-credit score is a common benchmark people wonder about: Is it good enough to secure positive loan terms? Does it reflect a healthy financial profile? Let’s understand where this score…
Imagine you’ve carefully filled out a credit card application, submitted all necessary documents, and eagerly await your approval. But then, the unthinkable happens—your credit card application gets rejected. It is a frustrating experience, leaving you questioning where you went wrong. Many face this scenario, and it is essential to understand why this happens and how…
An OTP or a one-time password has become an integral part of online transactions and banking in recent times. Especially for credit card transactions, OTP ensures an added layer of security and prevents misuse. This has become especially important as the number of digital payment fraud cases reported by banks increased by 70.64% to ₹2,604…
Credit cards have become an indispensable part of present-day life. They provide a convenient way to make payments and access credit, increasing their popularity in the country. The most recent data released by the Reserve Bank of India (RBI) indicates that the total number of credit cards in the system was 100.60 million as of…