Use our free SIP Calculator to estimate your investment returns, visualize compounding, and start building wealth today ā no sign-up required.
Why Use Our SIP Calculator?
Simple Inputs
Just enter your monthly investment, time period, and expected return rate.
Visual Growth Charts
See how your wealth grows month by month with powerful visuals.
Customizable Results
Test different scenarios to find the perfect investment plan for you.
Start Building Wealth Today
Don't wait to take control of your financial future. Let compounding do the work for you.
How I Turned ā¹5,000/month into ā¹6 Lakhs ā My 3-Year SIP Journey
How I Turned ā¹5,000/month into ā¹6 Lakhs ā My 3-Year SIP Journey
In 2020, I was saving ā¹5,000/month with no real strategy. I stumbled into SIPs by chance. Today, that same habit has grown into ā¹6,12,000 ā and taught me 3 major lessons about compounding, patience, and mistakes I wish I avoided earlier.
š What Went Wrong in Year 1
In my first year, I panicked during a market dip and pulled out my SIP investments. That single move cost me potential gains and broke the compounding chain. I learned the hard way that reacting emotionally to market swings is a recipe for regret.
š Lesson Learned: Consistency Beats Timing
Missed rallies by being out of the market
Lost out on rupee cost averaging
Peace of mind improved with automation and discipline
š My Portfolio Before vs After
Before (2020)
Random savings in bank account
No real investment plan
Low returns (2-3% p.a.)
After (2023)
Disciplined SIPs in diverse mutual funds
Portfolio value: ā¹6,12,000
Average returns: 13-15% p.a.
š§ What Iād Do Differently If Starting Again
If I could start over, Iād set up my SIPs and forget about the daily market noise. Iād diversify a bit more, avoid panic-selling, and trust the process. Most importantly, Iād start even earlier ā because time is your biggest ally in compounding.
Start SIPs as early as possible
Stay consistent, ignore short-term volatility
Review portfolio annually, not monthly
Invest for long-term goals, not quick gains
Can I Withdraw Money from a Credit Card?
Many people often wonder whether it is possible to withdraw money from a credit card. While credit cards are primarily used for making purchases, there are certain circumstances where you may need to access cash from your credit card. In this article, we will explore the options available for withdrawing money from a credit card and discuss the important factors to consider.
1. Cash Advances
A cash advance is one way to withdraw money from a credit card. It allows you to borrow cash against your credit limit. However, it is important to note that cash advances usually come with higher interest rates and additional fees compared to regular credit card transactions.
To obtain a cash advance, you can visit an ATM or a bank that accepts credit card cash advances. Simply insert your credit card into the ATM, enter your PIN, and select the cash advance option. Keep in mind that there may be withdrawal limits set by your credit card issuer.
Another method to withdraw money from a credit card is through convenience checks. These checks are linked to your credit card account and can be used to make purchases or obtain cash. You can use them just like regular checks, but be aware that they may have associated fees and interest rates.
3. Balance Transfers
If you have another credit card or a personal bank account, you may consider using a balance transfer to access cash. This involves transferring the balance from your credit card to another account, such as a bank account or another credit card. Keep in mind that balance transfers often come with fees, so it is important to compare the costs before proceeding.
4. Peer-to-Peer Payments
In recent years, peer-to-peer payment platforms have gained popularity. These platforms allow you to send and receive money from friends and family using your credit card. While this is not a direct way to withdraw cash, it provides an alternative method to access funds.
Important Considerations
Before deciding to withdraw money from your credit card, there are a few important factors to consider:
Interest Rates and Fees
Cash advances and convenience checks often come with higher interest rates and additional fees compared to regular credit card transactions. It is crucial to understand these costs before proceeding with a withdrawal.
Impact on Credit Score
Withdrawing cash from a credit card can have an impact on your credit score. It is important to manage your credit utilization ratio and make timely payments to avoid any negative effects on your credit history.
Repayment Plan
Before making a withdrawal, consider how you will repay the amount. It is essential to have a repayment plan in place to avoid falling into debt and accumulating interest charges.
Alternatives
Exploring alternatives to withdrawing money from a credit card is advisable. Consider other options such as personal loans or emergency funds before resorting to credit card cash advances.
In conclusion, while it is possible to withdraw money from a credit card, it is important to carefully consider the associated costs and potential impact on your credit score. Cash advances, convenience checks, balance transfers, and peer-to-peer payments are some of the methods available, but it is crucial to weigh the pros and cons before making a decision. Remember to use credit responsibly and have a solid repayment plan in place.
Use our free SIP Calculator to estimate your investment returns, visualize compounding, and start building wealth today ā no sign-up required.
Why Use Our SIP Calculator?
Simple Inputs
Just enter your monthly investment, time period, and expected return rate.
Visual Growth Charts
See how your wealth grows month by month with powerful visuals.
Customizable Results
Test different scenarios to find the perfect investment plan for you.
Start Building Wealth Today
Don't wait to take control of your financial future. Let compounding do the work for you.
How I Turned ā¹5,000/month into ā¹6 Lakhs ā My 3-Year SIP Journey
How I Turned ā¹5,000/month into ā¹6 Lakhs ā My 3-Year SIP Journey
In 2020, I was saving ā¹5,000/month with no real strategy. I stumbled into SIPs by chance. Today, that same habit has grown into ā¹6,12,000 ā and taught me 3 major lessons about compounding, patience, and mistakes I wish I avoided earlier.
š What Went Wrong in Year 1
In my first year, I panicked during a market dip and pulled out my SIP investments. That single move cost me potential gains and broke the compounding chain. I learned the hard way that reacting emotionally to market swings is a recipe for regret.
š Lesson Learned: Consistency Beats Timing
Missed rallies by being out of the market
Lost out on rupee cost averaging
Peace of mind improved with automation and discipline
š My Portfolio Before vs After
Before (2020)
Random savings in bank account
No real investment plan
Low returns (2-3% p.a.)
After (2023)
Disciplined SIPs in diverse mutual funds
Portfolio value: ā¹6,12,000
Average returns: 13-15% p.a.
š§ What Iād Do Differently If Starting Again
If I could start over, Iād set up my SIPs and forget about the daily market noise. Iād diversify a bit more, avoid panic-selling, and trust the process. Most importantly, Iād start even earlier ā because time is your biggest ally in compounding.
Start SIPs as early as possible
Stay consistent, ignore short-term volatility
Review portfolio annually, not monthly
Invest for long-term goals, not quick gains
How to Block Debit/Credit Cards?
How to Block Debit/Credit Cards?- In today’s world, using debit and credit cards has made handling money super easy, right? No more waiting in lines at the bank or carrying lots of cash. But what if you lose your card or see a transaction you didn’t make? That can be stressful.
Don’t worry, I’ve got your back. This guide is like a quick fix to show you exactly how to block your card and make sure your money stays safe. Lost your card or noticed something fishy? No problem, let’s protect your finances together!
Blocking and Managing Your Debit/Credit Cards
How to Block Debit/Credit Cards?
Quick Steps to Take Control
Feeling panicked because you can’t find your card or see a strange transaction? Act fast and follow these simple steps to block your card and keep your money safe:
Find the “service request” or “card management” section.
Click on “block card” and choose why (lost, stolen, or suspicious use).
Verify your card details and submit. You might get a code on your phone to confirm.
You’ll get a message confirming your card is blocked.
Block Debit or Credit Card Via SMS
Send a message in the format your bank tells you, usually with the last four digits of your card.
Send it to the bank’s SMS number.
You’ll get a message confirming your card is blocked.
Block Debit or Credit Card Via Helpline Number
Call your bank’s customer service or helpline (it’s free).
Choose the card option and follow instructions to block it.
Answer a few questions to confirm your identity.
You’ll get a message saying your card is blocked.
Block Debit or Credit Card Offline
Go to your nearest bank.
Talk to someone about blocking your card.
Fill out a form or show some ID.
Wait for them to process it, and your card will be blocked.
Doing this quickly helps protect your account from possible problems. Remember, blocking your card should be the first thing you do if it’s lost, stolen, or misused.
Why Block Debit/Credit Card?
Imagine you’re at the store, ready to pay, and you can’t find your card. Stressful, huh? These aren’t just annoying moments; they’re signals telling you to block your card, and here’s why:
Unauthorized Transactions: If you see a transaction you didn’t make, someone might be using your card. Blocking it stops them from taking your money.
Lost or Stolen Card: If your card is lost or stolen, blocking it quickly stops you from losing your money.
Online Scams: If you realize you got scammed, block your card right away to stop them from using it more.
Just so you know, if you try the wrong PIN three times, your bank blocks your debit card for 24 hours to keep it safe.
So, be quick and take action in these situations. Understanding how and why to block your card helps you handle these tough moments.
How to Unblock Your Credit Card?
So, your credit card is blocked, and you’re not sure what to do? Whether you found your lost card or fixed payment issues, getting your credit card back is important. Here’s how based on why it got blocked:
Reasons and Fixes for a Blocked Credit Card
Loss or Theft: If you blocked it because it got lost or stolen, you usually need a new one. Apply online or at your bank to get a new card.
Missed Payments: Pay at least the minimum due to unblock it if you missed payments. But be careful; if you keep missing, it might stay blocked.
Maxed-out Limit: If you used up all your card limit, paying your bill unlocks it. But watch your spending to avoid more issues.
No KYC Documents: Keep your documents updated to avoid a block. Submit what your bank asks for to keep your card working.
Remember, if you’re not careful with your card, it can not only get blocked but also hurt your credit score. To understand more about your credit score, check our guide on this topic.
How to Get a New Debit/Credit Card
Sometimes, it’s better to get a new card. Here’s how:
Offline Method
Go to your bank and fill out a form for a new card, mentioning it’s because your old one got lost.
Ask about any fees you might have to pay.
Wait for your new card to be sent to your address.
Online Method
Log in to your online or mobile banking.
Find the ‘Service Request’ section and choose ‘card reissue.’
Follow the steps, maybe using a code or password.
Pay any fees, and your new card will be sent to your address.
Following these simple steps helps you manage your cards well, keeping your money and financial activities secure.
Use our free SIP Calculator to estimate your investment returns, visualize compounding, and start building wealth today ā no sign-up required.
Why Use Our SIP Calculator?
Simple Inputs
Just enter your monthly investment, time period, and expected return rate.
Visual Growth Charts
See how your wealth grows month by month with powerful visuals.
Customizable Results
Test different scenarios to find the perfect investment plan for you.
Start Building Wealth Today
Don't wait to take control of your financial future. Let compounding do the work for you.
How I Turned ā¹5,000/month into ā¹6 Lakhs ā My 3-Year SIP Journey
How I Turned ā¹5,000/month into ā¹6 Lakhs ā My 3-Year SIP Journey
In 2020, I was saving ā¹5,000/month with no real strategy. I stumbled into SIPs by chance. Today, that same habit has grown into ā¹6,12,000 ā and taught me 3 major lessons about compounding, patience, and mistakes I wish I avoided earlier.
š What Went Wrong in Year 1
In my first year, I panicked during a market dip and pulled out my SIP investments. That single move cost me potential gains and broke the compounding chain. I learned the hard way that reacting emotionally to market swings is a recipe for regret.
š Lesson Learned: Consistency Beats Timing
Missed rallies by being out of the market
Lost out on rupee cost averaging
Peace of mind improved with automation and discipline
š My Portfolio Before vs After
Before (2020)
Random savings in bank account
No real investment plan
Low returns (2-3% p.a.)
After (2023)
Disciplined SIPs in diverse mutual funds
Portfolio value: ā¹6,12,000
Average returns: 13-15% p.a.
š§ What Iād Do Differently If Starting Again
If I could start over, Iād set up my SIPs and forget about the daily market noise. Iād diversify a bit more, avoid panic-selling, and trust the process. Most importantly, Iād start even earlier ā because time is your biggest ally in compounding.
Start SIPs as early as possible
Stay consistent, ignore short-term volatility
Review portfolio annually, not monthly
Invest for long-term goals, not quick gains
How You Enjoy ICICI Bank Credit Card
How You Enjoy ICICI Bank Credit Card- Hey there, ICICI Bank cardholders! Big news coming your way ā your airport lounge perks are getting a makeover. Starting April 1, 2024, spend Rs. 35,000 in the last quarter, and you’ll score a free airport lounge pass for the next quarter. It’s like a cool reward for your spending habits!
Here’s How It Works
Keep it simple ā spend Rs. 35,000 in the previous calendar quarter, and you unlock the lounge access for the next one. For that April-May-Jun 2024 quarter, make sure you hit the spending target in the January-February-March 2024 quarter. Easy, right?
Dynamic Currency Conversion (DCC) is like magic that lets you pay in Indian Rupees globally or with foreign-based Indian merchants. But beware ā there are some extra charges you need to keep an eye on.
Travel enthusiasts, listen up! Starting February 1, 2024, there’s a new kid on the block ā Dynamic Currency Conversion (DCC). It’s like a special pass for international transactions, but here’s the catch. A 1% DCC fee, plus taxes, will tag along for all international transactions in Indian currency. Whether you’re abroad or shopping with Indian merchants overseas, this change affects all ICICI Bank credit cards.
Use our free SIP Calculator to estimate your investment returns, visualize compounding, and start building wealth today ā no sign-up required.
Why Use Our SIP Calculator?
Simple Inputs
Just enter your monthly investment, time period, and expected return rate.
Visual Growth Charts
See how your wealth grows month by month with powerful visuals.
Customizable Results
Test different scenarios to find the perfect investment plan for you.
Start Building Wealth Today
Don't wait to take control of your financial future. Let compounding do the work for you.
How I Turned ā¹5,000/month into ā¹6 Lakhs ā My 3-Year SIP Journey
How I Turned ā¹5,000/month into ā¹6 Lakhs ā My 3-Year SIP Journey
In 2020, I was saving ā¹5,000/month with no real strategy. I stumbled into SIPs by chance. Today, that same habit has grown into ā¹6,12,000 ā and taught me 3 major lessons about compounding, patience, and mistakes I wish I avoided earlier.
š What Went Wrong in Year 1
In my first year, I panicked during a market dip and pulled out my SIP investments. That single move cost me potential gains and broke the compounding chain. I learned the hard way that reacting emotionally to market swings is a recipe for regret.
š Lesson Learned: Consistency Beats Timing
Missed rallies by being out of the market
Lost out on rupee cost averaging
Peace of mind improved with automation and discipline
š My Portfolio Before vs After
Before (2020)
Random savings in bank account
No real investment plan
Low returns (2-3% p.a.)
After (2023)
Disciplined SIPs in diverse mutual funds
Portfolio value: ā¹6,12,000
Average returns: 13-15% p.a.
š§ What Iād Do Differently If Starting Again
If I could start over, Iād set up my SIPs and forget about the daily market noise. Iād diversify a bit more, avoid panic-selling, and trust the process. Most importantly, Iād start even earlier ā because time is your biggest ally in compounding.
Start SIPs as early as possible
Stay consistent, ignore short-term volatility
Review portfolio annually, not monthly
Invest for long-term goals, not quick gains
SBI pulse credit card benefits in Hindi
Introduction
At SBI Card, we are committed to empowering our customers to lead financially secure lives, and that’s why we have introduced the SBI Card Pulse – a lifestyle credit card designed to elevate your lifestyle while providing you with unparalleled benefits and rewards. In this comprehensive guide, we will delve into the features, benefits, and advantages of the SBI Card Pulse, showing you why it is the perfect credit card choice for achieving financial wellness and boosting your lifestyle.
sbi pulse credit card benefits in hindi
A Lifestyle Upgrade with SBI Card Pulse
1. Rewards and Cashback Offers
With SBI Card Pulse, you can say goodbye to mundane credit card experiences. We believe in rewarding our customers generously for every spend they make. Earn reward points on every transaction and redeem them for a wide range of exciting options, including travel bookings, shopping vouchers, and more. Additionally, enjoy attractive cashback offers on dining, entertainment, and utility bill payments.
2. Contactless Technology
Experience the convenience of contactless payments with the SBI Card Pulse. Say farewell to the hassle of swiping or inserting your card and enjoy swift, secure, and seamless transactions with just a tap. This cutting-edge technology not only saves you time but also ensures the utmost safety and security of your financial transactions.
3. Lifestyle Benefits
As an SBI Card Pulse holder, you unlock a world of exclusive lifestyle benefits. Enjoy discounts and special offers at premium restaurants, hotels, and lifestyle stores. Pamper yourself with luxury experiences and make every moment memorable with our curated list of lifestyle privileges.
Achieve Your Financial Goals with SBI Card Pulse
1. EMI Options
We understand the importance of financial flexibility, and that’s why we offer you easy EMI options. Convert high-value transactions into manageable monthly installments, helping you maintain financial stability while fulfilling your desires.
2. Balance Transfer
Consolidate your outstanding credit card dues from other banks and transfer them to your SBI Card Pulse. Benefit from lower interest rates and save on interest payments, bringing you one step closer to financial freedom.
3. Credit Card Bill Payment Options
Managing your credit card payments has never been easier. Choose from various payment methods, including net banking, and mobile banking, or simply walk into any SBI branch and make a payment. Our user-friendly options ensure that you are always in control of your finances.
Conclusion
In conclusion, the SBI Card Pulse is not just a credit card; it’s a gateway to financial wellness and a more fulfilling lifestyle. With its unmatched rewards, contactless technology, and exclusive benefits, it ensures that you are always ahead in the game. Take control of your financial journey and elevate your lifestyle with SBI Card Pulse. Apply now and embark on an enriching and rewarding experience.
So, what are you waiting for? Join the SBI Card family and set yourself on a path to financial success and prosperity today!
Disclaimer: The content provided above is for informational purposes only. Terms and conditions apply. Please refer to the official SBI Card website for the most up-to-date information and details regarding the SBI Card Pulse.
Use our free SIP Calculator to estimate your investment returns, visualize compounding, and start building wealth today ā no sign-up required.
Why Use Our SIP Calculator?
Simple Inputs
Just enter your monthly investment, time period, and expected return rate.
Visual Growth Charts
See how your wealth grows month by month with powerful visuals.
Customizable Results
Test different scenarios to find the perfect investment plan for you.
Start Building Wealth Today
Don't wait to take control of your financial future. Let compounding do the work for you.
How I Turned ā¹5,000/month into ā¹6 Lakhs ā My 3-Year SIP Journey
How I Turned ā¹5,000/month into ā¹6 Lakhs ā My 3-Year SIP Journey
In 2020, I was saving ā¹5,000/month with no real strategy. I stumbled into SIPs by chance. Today, that same habit has grown into ā¹6,12,000 ā and taught me 3 major lessons about compounding, patience, and mistakes I wish I avoided earlier.
š What Went Wrong in Year 1
In my first year, I panicked during a market dip and pulled out my SIP investments. That single move cost me potential gains and broke the compounding chain. I learned the hard way that reacting emotionally to market swings is a recipe for regret.
š Lesson Learned: Consistency Beats Timing
Missed rallies by being out of the market
Lost out on rupee cost averaging
Peace of mind improved with automation and discipline
š My Portfolio Before vs After
Before (2020)
Random savings in bank account
No real investment plan
Low returns (2-3% p.a.)
After (2023)
Disciplined SIPs in diverse mutual funds
Portfolio value: ā¹6,12,000
Average returns: 13-15% p.a.
š§ What Iād Do Differently If Starting Again
If I could start over, Iād set up my SIPs and forget about the daily market noise. Iād diversify a bit more, avoid panic-selling, and trust the process. Most importantly, Iād start even earlier ā because time is your biggest ally in compounding.
In today’s fast-paced world, owning a laptop is no longer a luxury but a necessity. Laptops empower us to work efficiently, stay connected with loved ones, and explore a world of information at our fingertips. However, not everyone has a credit card to make a purchase, and that can be a barrier to acquiring a laptop on EMI (Equated Monthly Installments). Fear not, for in this comprehensive guide, we will unveil various alternatives and methods to help you buy a laptop on EMI without a credit card.
Banks and financial institutions have introduced the concept of “No-Cost EMI” for customers without credit cards. You can avail of this facility using your debit card. The No-Cost EMI allows you to spread the laptop’s cost over several months without incurring any additional interest or processing fees. Before opting for this method, ensure your bank supports No-Cost EMI on your debit card and check for any hidden charges.
Several consumer finance companies offer EMI options on electronic purchases, including laptops. These companies collaborate with various laptop retailers, allowing you to buy the laptop and repay the amount in convenient monthly installments. Be sure to compare interest rates and terms offered by different finance companies to get the best deal.
Buy Now, Pay Later services have gained popularity in recent times. These services enable you to buy a laptop upfront and then pay for it later in flexible installments. Some BNPL platforms even offer interest-free periods, making it an attractive option for those without credit cards.
When purchasing a laptop on EMI without a credit card, you will need to provide valid identity proof such as your Aadhar card, driver’s license, or passport. Make sure to keep a photocopy of the document handy while applying for EMI options.
2. Address Proof
Along with identity proof, you will also need to submit an address proof, which can be any official document that confirms your current address. Utility bills or rental agreements are commonly accepted as address proofs.
3. Income Proof
To establish your repayment capacity, you will be required to provide income proof. If you are a salaried individual, your latest salary slips and bank statements will suffice. Self-employed individuals can submit their income tax returns as proof.
Now that you understand the various EMI options available, it’s time to choose the perfect laptop that meets your requirements. Research different laptop models, considering factors such as:
Processing power: Look for a laptop with a capable processor that suits your needs, whether it’s for casual browsing or resource-intensive tasks like video editing.
RAM: Determine the amount of RAM required based on your multitasking and application needs.
Storage: Opt for a laptop with sufficient storage capacity to accommodate your files, documents, and media.
Display: Consider the display size and resolution, especially if you plan to use the laptop for multimedia or creative purposes.
Battery life: Assess the battery life to ensure it aligns with your usage patterns.
Once you’ve narrowed down your laptop choices, perform a thorough comparison of prices and offers from various retailers. Look out for festive discounts, seasonal sales, or special promotions that can make your purchase more affordable. Sometimes, different retailers may offer varying EMI schemes, so do your due diligence before making a decision.
Applying for EMI
After selecting the ideal laptop model and finalizing the retailer, it’s time to apply for EMI. Follow these steps:
Visit the retailer’s website or physical store.
Choose your preferred EMI option and tenure.
Submit the required documents, including identity proof, address proof, and income proof.
Complete the application process as per the retailer’s guidelines.
In conclusion, buying a laptop on EMI without a credit card is indeed possible, and several hassle-free methods are available for your convenience. By exploring No-Cost EMI with debit cards, consumer finance companies, and Buy Now, Pay Later services, you can make your dream of owning a laptop a reality. Remember to gather the necessary documentation and thoroughly research laptop models to make an informed decision. Now that you are equipped with this comprehensive guide, go ahead and embark on your journey to own a brand-new laptop without any credit card hindrance!
Sure, you can buy a laptop and pay for it in smaller parts over time without a credit card. Here’s how:
Use Your Debit Card: Some banks let you pay for the laptop in installments using your debit card. Check with your bank to see if they offer this service.
Get a Loan: You can borrow money from a bank or other financial companies to buy the laptop and then pay it back in smaller amounts over time.
Online Stores: When buying a laptop online from places like Amazon or Flipkart, they sometimes provide an option to pay in installments. You can choose this during checkout.
No Extra Cost: Look for deals that say “no-cost EMI.” It means you won’t pay any extra money as interest. But, you might need to meet certain requirements for this.
Special Financing Companies: Some companies specialize in helping people buy things on installments. They might work with the store where you want to buy the laptop.
In-Store Options: If you want to buy your laptop in a physical store, ask if they have ways for you to pay over time. They might have partnerships with companies that can help.
Just make sure to compare the costs and terms before you choose, and make sure you qualify for the option you pick.
Certainly! Buying a laptop on “debit card EMI” means you can use your debit card to laptop purchase on emi and then pay for it in smaller monthly installments. It’s like breaking up the laptop’s cost into manageable pieces, so you don’t have to pay for the whole thing all at once. You can do this without needing a credit card, and your bank might offer this service. Just check with your bank to see if they provide debit card EMI options, and they can explain how it works.
Of course! To buy a laptop on EMI without a credit card, follow these simple steps:
Pick Your Laptop: First, decide which laptop you want to buy.
Find a Store: Look for a shop or website that lets you pay for the laptop in smaller monthly parts (EMI). Many shops do this, even if you don’t have a credit card.
Choose a Payment Option: a. Debit Card EMI: If your bank allows it, you can use your debit card like a credit card to buy the laptop in installments. Check with your bank if they offer this service. b. Loan: You can take a loan from a bank or a financial company to pay for the laptop, and then pay back the loan bit by bit. c. Online Stores: If you’re shopping online, when you’re about to pay, they often give you an option to pay in installments. You can select this option. d. EMI Providers: Some special companies, like Bajaj Finserv or ZestMoney, help you buy things on EMI without needing a credit card.
Select Your EMI Plan: Once you’ve picked your payment method, choose how many months you want to take to pay for the laptop. This is your EMI plan.
Give Your Info: You might need to provide some personal details and make sure you meet certain conditions set by the payment provider.
Complete Your Purchase: After you’ve chosen your EMI plan and given your information, you can finish your purchase. The laptop will be sent to you, and the EMI money will be taken from your bank account every month.
Just make sure to compare the terms and fees of the EMI option you choose, so you know what you’re getting into. And make sure you meet the conditions set by the payment provider.
Use our free SIP Calculator to estimate your investment returns, visualize compounding, and start building wealth today ā no sign-up required.
Why Use Our SIP Calculator?
Simple Inputs
Just enter your monthly investment, time period, and expected return rate.
Visual Growth Charts
See how your wealth grows month by month with powerful visuals.
Customizable Results
Test different scenarios to find the perfect investment plan for you.
Start Building Wealth Today
Don't wait to take control of your financial future. Let compounding do the work for you.
How I Turned ā¹5,000/month into ā¹6 Lakhs ā My 3-Year SIP Journey
How I Turned ā¹5,000/month into ā¹6 Lakhs ā My 3-Year SIP Journey
In 2020, I was saving ā¹5,000/month with no real strategy. I stumbled into SIPs by chance. Today, that same habit has grown into ā¹6,12,000 ā and taught me 3 major lessons about compounding, patience, and mistakes I wish I avoided earlier.
š What Went Wrong in Year 1
In my first year, I panicked during a market dip and pulled out my SIP investments. That single move cost me potential gains and broke the compounding chain. I learned the hard way that reacting emotionally to market swings is a recipe for regret.
š Lesson Learned: Consistency Beats Timing
Missed rallies by being out of the market
Lost out on rupee cost averaging
Peace of mind improved with automation and discipline
š My Portfolio Before vs After
Before (2020)
Random savings in bank account
No real investment plan
Low returns (2-3% p.a.)
After (2023)
Disciplined SIPs in diverse mutual funds
Portfolio value: ā¹6,12,000
Average returns: 13-15% p.a.
š§ What Iād Do Differently If Starting Again
If I could start over, Iād set up my SIPs and forget about the daily market noise. Iād diversify a bit more, avoid panic-selling, and trust the process. Most importantly, Iād start even earlier ā because time is your biggest ally in compounding.
Start SIPs as early as possible
Stay consistent, ignore short-term volatility
Review portfolio annually, not monthly
Invest for long-term goals, not quick gains
What is a Credit Card in Hindi?
Introduction
In today’s fast-paced world, credit cards have become an essential financial tool. They offer convenience, security, and the flexibility to make purchases without carrying cash. For those unfamiliar with credit cards, understanding their features, benefits, and how to use them wisely is crucial to avoid potential financial pitfalls.
A credit card is a plastic payment card issued by financial institutions, allowing cardholders to borrow money up to a predetermined credit limit. Instead of using cash, the cardholder can make purchases on credit, with the commitment to repay the borrowed amount within a specified period. Each credit card comes with terms and conditions, including interest rates and fees.
What is a Credit Card in Hindi?
How Does a Credit Card Work?
When a cardholder uses a credit card for a purchase, the card issuer pays the merchant on behalf of the cardholder. The cardholder then owes the issuer the amount spent, which must be repaid on or before the due date mentioned in the credit card statement.
Advantages of Using Credit Cards
Convenience: Credit cards eliminate the need to carry cash and offer a seamless payment experience.
Builds Credit History: Responsible credit card usage helps build a positive credit history, essential for future loans and financial opportunities.
Rewards and Perks: Many credit cards offer rewards, cashback, or travel benefits on eligible purchases.
Emergency Fund: Credit cards act as a safety net during emergencies when immediate funds are required.
Disadvantages of Using Credit Cards
Interest Charges: If the cardholder carries a balance beyond the grace period, they will be charged interest on the outstanding amount.
Debt Accumulation: Uncontrolled credit card usage can lead to debt accumulation, affecting financial stability.
Fees: Credit cards may come with annual fees, late payment fees, or foreign transaction fees.
Types of Credit Cards
Rewards Credit Cards
Rewards credit cards offer points, miles, or cashback rewards for every dollar spent. These rewards can be redeemed for various benefits such as gift cards, travel, or merchandise.
Travel Credit Cards
Travel credit cards cater to frequent travelers, offering perks like airline miles, airport lounge access, and travel insurance.
Cashback Credit Cards
Cashback credit cards provide a percentage of the amount spent back to the cardholder, reducing the overall cost of purchases.
Secured Credit Cards
Secured credit cards are designed for individuals They require a security deposit, which serves as collateral and determines the credit limit.
Regularly checking credit scores helps identify any discrepancies or potential issues.
Common Credit Card Myths Debunked
Credit Cards Lead to Debt
While irresponsible usage can lead to debt, using credit cards responsibly can build a positive credit history.
Multiple Credit Cards are Harmful
Having multiple credit cards can positively impact credit scores if managed responsibly.
Closing a Credit Card Improves Credit Score
Closing a credit card may actually lower the credit score, especially if it reduces the total available credit limit.
Credit Card Security and Fraud Protection
EMV Chip Technology
EMV chip technology provides an added layer of security, making it difficult for fraudsters to clone credit cards.
Two-Factor Authentication
Many credit card issuers offer two-factor authentication for online transactions, enhancing security.
Reporting Unauthorized Transactions
Promptly reporting any unauthorized transactions to the card issuer helps prevent financial losses.
Credit Cards and Personal Finance
Building Credit History
Credit cards offer an opportunity to build a positive credit history, crucial for future financial endeavors.
Impact on Credit Score
Responsible credit card usage can boost credit scores, while delinquency can have adverse effects.
Managing Credit Card Debt
Implementing strategies to manage credit card debt is essential for financial well-being.
Credit Cards in Hindi (ą¤ą„ą¤°ą„ą¤”ą¤æą¤ ą¤ą¤¾ą¤°ą„ą¤” ą¤ą„ą¤Æą¤¾ ą¤¹ą„)
In Hindi, a credit card is known as “ą¤ą„ą¤°ą„ą¤”ą¤æą¤ ą¤ą¤¾ą¤°ą„ą¤”.” It operates similarly to its English counterpart, enabling cashless transactions and providing financial flexibility.
Popular Hindi Terms for Credit Cards:
ą¤ą„ą¤°ą„ą¤”ą¤æą¤ ą¤ą¤¾ą¤°ą„ą¤” (Kredit Kard) – The Hindi term for “credit card” is directly borrowed from English, with slight pronunciation adjustments to suit the Hindi language.
ą¤ą¤°ą„ą¤¦ą¤¦ą¤¾ą¤°ą„ ą¤ą¤¾ą¤°ą„ą¤” (Khariddaari Kaard) – This term translates to “shopping card,” emphasizing the credit card’s role in facilitating various purchases.
ą¤ą¤£ ą¤ą¤¾ą¤°ą„ą¤” (Rin Kaard) – “ą¤ą¤£” (Rin) translates to “loan” or “credit,” and “ą¤ą¤¾ą¤°ą„ą¤”” (Kaard) means “card,” representing the essence of a credit card.
ą¤µą¤æą¤¤ą„ą¤¤ą„ą¤Æ ą¤ą¤¾ą¤°ą„ą¤” (Vittiya Kaard) – This term refers to a “financial card” or “monetary card,” highlighting the card’s significance in managing finances.
ą¤ą„ą¤ą¤¤ą¤¾ą¤Ø ą¤ą¤¾ą¤°ą„ą¤” (Bhugtaan Kaard) – “ą¤ą„ą¤ą¤¤ą¤¾ą¤Ø” (Bhugtaan) stands for “payment,” making this term denote a payment card, which is precisely what a credit card is.
ą¤ą¤§ą¤¾ą¤° ą¤ą¤¾ą¤°ą„ą¤” (Udhaar Kaard) – “ą¤ą¤§ą¤¾ą¤°” (Udhaar) means “credit” or “loan,” and using it in combination with “ą¤ą¤¾ą¤°ą„ą¤”” (Kaard) signifies a credit card’s nature.
ą¤µą„ą¤Æą¤Æ ą¤ą¤¾ą¤°ą„ą¤” (Vyay Kaard) – “ą¤µą„ą¤Æą¤Æ” (Vyay) translates to “expense” or “expenditure,” indicating the card’s utility in managing expenses.
ą¤øą¤ą¤ą¤¾ą¤µą¤æą¤¤ ą¤ą¤¾ą¤°ą„ą¤” (Sambhaavit Kaard) – “ą¤øą¤ą¤ą¤¾ą¤µą¤æą¤¤” (Sambhaavit) means “potential” or “probable,” suggesting the card’s potential for financial transactions.
ą¤ ą¤µą¤ą¤¾ą¤¶ ą¤ą¤¾ą¤°ą„ą¤” (Avkaash Kaard) – This term translates to “holiday card” or “vacation card,” highlighting the card’s usefulness during travel.
ą¤Ŗą„ą¤°ą¤øą„ą¤ą¤¾ą¤° ą¤ą¤¾ą¤°ą„ą¤” (Puraskaar Kaard) – “ą¤Ŗą„ą¤°ą¤øą„ą¤ą¤¾ą¤°” (Puraskaar) stands for “reward” or “prize,” signifying credit cards that offer reward points.
Hindi Credit Card Usage Tips:
ą¤µą„ą¤Æą¤¾ą¤ ą¤øą„ ą¤¬ą¤ą„ą¤ (Avoid Interest): ą¤ą„ą¤°ą„ą¤”ą¤æą¤ ą¤ą¤¾ą¤°ą„ą¤” ą¤ą¤¾ ą¤¬ą¤æą¤² ą¤øą¤®ą¤Æ ą¤Ŗą¤° ą¤ą„ą¤ą¤¤ą¤¾ ą¤ą¤°ą¤Øą„ ą¤øą„ ą¤¬ą„ą¤Æą¤¾ą¤ ą¤øą„ ą¤¬ą¤ą¤¾ ą¤ą¤¾ ą¤øą¤ą¤¤ą¤¾ ą¤¹ą„ą„¤ ą¤Ø ą¤ą„ą¤ą¤¾ą¤Øą„ ą¤Ŗą¤° ą¤ą¤ą„ą¤ ą¤µą„ą¤Æą¤¾ą¤ ą¤¦ą„ą¤Øą„ ą¤Ŗą¤”ą¤¼ ą¤øą¤ą¤¤ą„ ą¤¹ą„ą¤ą„¤Translation: Avoid interest by paying your credit card bill on time. Non-payment may result in high-interest charges.
ą¤ą¤°ą„ą¤¦ą¤¾ą¤°ą„ ą¤®ą„ą¤ ą¤øą¤ą¤¤ą„ą¤²ą¤æą¤¤ ą¤°ą¤¹ą„ą¤ (Maintain Balance in Shopping): ą¤ą„ą¤°ą„ą¤”ą¤æą¤ ą¤ą¤¾ą¤°ą„ą¤” ą¤øą„ ą¤ą¤°ą„ą¤¦ą¤¾ą¤°ą„ ą¤ą¤°ą¤¤ą„ ą¤øą¤®ą¤Æ ą¤µą¤æą¤µą„ą¤ą¤Ŗą„ą¤°ą„ą¤µą¤ ą¤°ą¤¹ą„ą¤ ą¤ą¤° ą¤¬ą¤æą¤Øą¤¾ ą¤ą¤°ą„ą¤°ą¤¤ ą¤ą„ ą¤¬ą¤”ą¤¼ą„ ą¤ą¤°ą„ą¤ ą¤øą„ ą¤¬ą¤ą„ą¤ą„¤Translation: Exercise prudence while shopping with a credit card and avoid unnecessary extravagant expenses.
ą¤ą„ą¤°ą„ą¤”ą¤æą¤ ą¤øą„ą¤ą„ą¤° ą¤ą¤¾ ą¤§ą„ą¤Æą¤¾ą¤Ø ą¤°ą¤ą„ą¤ (Monitor Credit Score): ą¤Øą¤æą¤Æą¤®ą¤æą¤¤ ą¤ ą¤ą¤¤ą¤°ą¤¾ą¤² ą¤Ŗą¤° ą¤ ą¤Ŗą¤Øą¤¾ ą¤ą„ą¤°ą„ą¤”ą¤æą¤ ą¤øą„ą¤ą„ą¤° ą¤ą¤¾ą¤ą¤ą¤Øą„ ą¤øą„ ą¤ą¤Ŗ ą¤ ą¤Ŗą¤Øą„ ą¤µą¤æą¤¤ą„ą¤¤ą„ą¤Æ ą¤øą„ą¤„ą¤æą¤¤ą¤æ ą¤ą„ ą¤ą„ą¤°ą„ą¤ ą¤ą¤° ą¤øą¤ą¤¤ą„ ą¤¹ą„ą¤ą„¤Translation: Regularly check your credit score to keep track of your financial status.
ą¤ ą¤µą„ą¤§ ą¤ą¤øą„ą¤¤ą„ą¤®ą¤¾ą¤² ą¤øą„ ą¤¬ą¤ą„ą¤ (Avoid Unlawful Usage): ą¤ą„ą¤°ą„ą¤”ą¤æą¤ ą¤ą¤¾ą¤°ą„ą¤” ą¤ą„ ą¤µą¤æą¤¶ą„ą¤·ą¤¤ą¤¾ ą¤ą¤¾ ą¤¦ą„ą¤°ą„ą¤Ŗą¤Æą„ą¤ ą¤Ø ą¤ą¤°ą„ą¤ ą¤ą¤° ą¤ą„ą¤µą¤² ą¤µą„ą¤§ ą¤µą¤æą¤¤ą„ą¤¤ą„ą¤Æ ą¤²ą„ą¤Øą¤¦ą„ą¤Ø ą¤®ą„ą¤ ą¤Ŗą„ą¤°ą¤Æą„ą¤ ą¤ą¤°ą„ą¤ą„¤Translation: Avoid misuse of credit cards and use them only for legitimate financial transactions.
In conclusion, a credit card is a powerful financial tool that offers convenience and flexibility. Understanding its functioning, various types, and responsible usage is essential to make the most of its benefits while avoiding potential pitfalls. By adhering to usage tips and monitoring credit scores, individuals can effectively manage their finances and enjoy a hassle-free experience with credit cards.
Credit Card Se Paise Kaise Nikale: A Comprehensive Guide to Efficient Money Withdrawal
In this article, we will explore various methods and strategies to access cash from your credit card, helping you make informed decisions while safeguarding your financial well-being.
Understanding the Need for Cash Withdrawal from Credit Cards
Credit cards have become an integral part of modern-day transactions, offering convenience and flexibility in payments. However, there are instances where you might need immediate access to cash, and relying solely on credit cards might not always be the best option. Some reasons for seeking cash withdrawal from credit cards include:
Emergency Situations: Unforeseen emergencies such as medical expenses or urgent repairs may demand cash payments.
Cash-Only Transactions: Certain vendors or establishments might only accept cash, making credit cards unusable in such scenarios.
Low Credit Limit: If your credit card has a low limit, withdrawing cash might be necessary to cover high-cost expenses.
Traveling Abroad: When traveling to certain countries, cash might be preferred over credit cards due to varying payment preferences.
Methods for Withdrawing Cash from Credit Cards
1. ATM Cash Withdrawal
The most common and convenient method to get cash from your credit card is through an Automated Teller Machine (ATM). Follow these steps for a smooth withdrawal process:
a. Locate an ATM: Find an ATM that accepts your credit card network, such as Visa or Mastercard.
b. Insert your Credit Card: Insert your credit card into the ATM’s card slot.
c. Enter PIN: Enter your unique Personal Identification Number (PIN) for verification.
d. Select Cash Withdrawal: Choose the “Cash Withdrawal” option from the menu.
e. Enter the Amount: Specify the amount of cash you wish to withdraw. Keep in mind that there might be withdrawal limits set by your credit card provider.
f. Confirm Transaction: Verify the details and proceed with the withdrawal.
2. Over-the-Counter Cash Advance
If you are unable to access an ATM or need a larger cash amount, you can request an over-the-counter cash advance from your credit card issuer. Follow these steps:
a. Visit a Bank Branch: Go to a local branch of your credit card issuer.
b. Present Identification: Provide valid identification documents and your credit card for verification.
c. Request Cash Advance: Ask the bank teller for a cash advance and specify the amount needed.
d. Review Terms and Fees: Understand the terms and fees associated with the cash advance, as it might have higher interest rates and additional charges.
e. Sign the Agreement: If you agree to the terms, sign the agreement to complete the transaction.
3. Money Transfer to Bank Account
Some credit card companies allow you to transfer money from your credit card to your bank account. This method is beneficial when you need cash for non-cash transactions or to pay off other debts. Follow these steps:
a. Log into Online Banking: Access your credit card account through online banking.
b. Add Bank Account: Add your bank account as a recipient for the money transfer.
c. Enter Transfer Details: Specify the amount you want to transfer and confirm the transaction.
d. Wait for Processing: The transfer might take a few business days to complete.
e. Withdraw from Bank Account: Once the money is in your bank account, you can withdraw it as cash from an ATM or bank branch.
Tips for Responsible Cash Withdrawal from Credit Cards
While cash withdrawal from credit cards can be useful in emergencies, it’s essential to exercise caution to avoid potential pitfalls. Here are some tips to ensure responsible cash withdrawal:
Know Your Limits: Understand the credit limit and cash withdrawal limit of your credit card to avoid overextending yourself financially.
Minimize Cash Advances: Cash advances often come with higher interest rates and fees. Use them sparingly and only when necessary.
Clear Outstanding Balances: Before withdrawing cash, ensure you have cleared any outstanding credit card balances to avoid accumulating more debt.
Read the Fine Print: Familiarize yourself with the terms and conditions of your credit card regarding cash withdrawals to avoid surprises.
Monitor Your Statements: Regularly review your credit card statements to keep track of cash advances and identify any discrepancies.
Avoid Unnecessary Fees: Some ATMs and banks may charge additional fees for credit card cash withdrawals. Choose ATMs that offer free withdrawals or ones with minimal charges.
Explore Alternatives: Consider other options like personal loans or lines of credit with lower interest rates for larger cash needs.
Conclusion
In conclusion, “Credit Card Se Paise Kaise Nikale” or withdrawing cash from a credit card can be a valuable tool in certain situations. We have provided you with a comprehensive guide on various methods for cash withdrawal, including ATM withdrawals, over-the-counter cash advances, and money transfers to bank accounts. It is crucial to exercise responsible financial management while considering these options to avoid unnecessary debt and fees.
Remember, the primary purpose of a credit card is to facilitate convenient and secure transactions. Cash withdrawals should be a last resort, utilized only when other payment methods are not feasible. Responsible usage will ensure that you can enjoy the benefits of your credit card while maintaining a healthy financial standing.
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How I Turned ā¹5,000/month into ā¹6 Lakhs ā My 3-Year SIP Journey
How I Turned ā¹5,000/month into ā¹6 Lakhs ā My 3-Year SIP Journey
In 2020, I was saving ā¹5,000/month with no real strategy. I stumbled into SIPs by chance. Today, that same habit has grown into ā¹6,12,000 ā and taught me 3 major lessons about compounding, patience, and mistakes I wish I avoided earlier.
š What Went Wrong in Year 1
In my first year, I panicked during a market dip and pulled out my SIP investments. That single move cost me potential gains and broke the compounding chain. I learned the hard way that reacting emotionally to market swings is a recipe for regret.
š Lesson Learned: Consistency Beats Timing
Missed rallies by being out of the market
Lost out on rupee cost averaging
Peace of mind improved with automation and discipline
š My Portfolio Before vs After
Before (2020)
Random savings in bank account
No real investment plan
Low returns (2-3% p.a.)
After (2023)
Disciplined SIPs in diverse mutual funds
Portfolio value: ā¹6,12,000
Average returns: 13-15% p.a.
š§ What Iād Do Differently If Starting Again
If I could start over, Iād set up my SIPs and forget about the daily market noise. Iād diversify a bit more, avoid panic-selling, and trust the process. Most importantly, Iād start even earlier ā because time is your biggest ally in compounding.
Start SIPs as early as possible
Stay consistent, ignore short-term volatility
Review portfolio annually, not monthly
Invest for long-term goals, not quick gains
kisan credit card YojanaĀ
A Kisan credit card Yojana is a special type of credit card designed for farmers in India.
It is provided by banks and other financial institutions to help farmers with their agricultural and financial needs. It’s like having a single card that combines different financial services and products for farmers.
Key Features and Benefits
Easy Application Process
Getting a Kisan Credit Card is simple. Farmers can apply for it at a nearby bank branch or even online. The required documents are minimal, which means the card can be processed and approved quickly.
Flexible Credit Limit
Kisan Credit Cards provide farmers with a flexible credit limit based on the size of their farm, the type of crops they grow, and other factors. The credit limit can be adjusted periodically to meet their changing financial needs and ensure they have enough funds.
Covers Farming Expenses
With a Kisan Credit Card, farmers can finance various agricultural activities. They can use the card to buy seeds, fertilizers, and other inputs for their crops. It can also cover expenses for hiring labor and other related costs like storing, marketing, and transporting the harvested crops.
Access to Cash and Loans
In addition to withdrawing cash from ATMs, Kisan Credit Card holders can also get loans for things like buying a farming equipment, constructing storage facilities, or adopting modern farming techniques. This helps farmers improve their productivity and efficiency.
Interest Subsidy and Insurance Coverage
Farmers with Kisan Credit Cards can benefit from interest subsidies on their short-term and crop loans if they repay them on time. The card also offers insurance coverage for natural disasters, crop failures, and other unexpected events. This provides financial security and helps manage risks associated with farming.
Flexible Repayment
Repaying the Kisan Credit Card dues is farmer-friendly. Farmers can choose to repay the outstanding balance when they have enough income from their agricultural activities. This flexibility aligns with their cash flow.
kisan credit card YojanaĀ
How to Apply for a Kisan Credit Card?
Applying for a Kisan Credit Card is easy. Follow these steps:
Gather Required Documents: Collect identification proof, address proof, land ownership documents, and other relevant records.
Visit a Bank: Go to a nearby bank that offers Kisan Credit Cards and express your interest in applying. You can also explore online application options.
Submit the Application: Fill out the application form provided by the bank and attach the necessary documents to support your application.
Verification and Processing: The bank will verify the information and documents provided. They may also inspect your farmland or conduct other checks as required.
Credit Limit Determination: After verification, the bank will assess your creditworthiness and decide the appropriate credit limit for your Kisan Credit Card. They will consider factors like the size of your land, the crops you grow, your repayment history, and income potential.
Credit Limit Notification: Once approved, the bank will notify you of the credit limit sanctioned for your Kisan Credit Card. They will also provide you with the card and instructions on how to use it.
Using the Kisan Credit Card: Start using the card within the approved credit limit for your agricultural expenses. Remember to use the funds wisely and only for legitimate farming purposes.
Repayment: Repay the utilized credit on time. This helps maintain a good credit history and makes you eligible for interest subsidies and other benefits. The bank will inform you about the repayment terms, and you can choose a schedule that suits your cash flow.
In conclusion, Kisan Credit Cards are valuable tools that empower farmers by providing access to flexible credit for their agricultural needs. They have a simple application process, competitive interest rates, and several benefits that contribute to
Disclaimer: The information provided in this article is for educational purposes only. Please consult with a financial advisor or representative from the respective bank for personalized advice and accurate details regarding Kisan Credit Cards and their specific terms and conditions.
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Why Use Our SIP Calculator?
Simple Inputs
Just enter your monthly investment, time period, and expected return rate.
Visual Growth Charts
See how your wealth grows month by month with powerful visuals.
Customizable Results
Test different scenarios to find the perfect investment plan for you.
Start Building Wealth Today
Don't wait to take control of your financial future. Let compounding do the work for you.
How I Turned ā¹5,000/month into ā¹6 Lakhs ā My 3-Year SIP Journey
How I Turned ā¹5,000/month into ā¹6 Lakhs ā My 3-Year SIP Journey
In 2020, I was saving ā¹5,000/month with no real strategy. I stumbled into SIPs by chance. Today, that same habit has grown into ā¹6,12,000 ā and taught me 3 major lessons about compounding, patience, and mistakes I wish I avoided earlier.
š What Went Wrong in Year 1
In my first year, I panicked during a market dip and pulled out my SIP investments. That single move cost me potential gains and broke the compounding chain. I learned the hard way that reacting emotionally to market swings is a recipe for regret.
š Lesson Learned: Consistency Beats Timing
Missed rallies by being out of the market
Lost out on rupee cost averaging
Peace of mind improved with automation and discipline
š My Portfolio Before vs After
Before (2020)
Random savings in bank account
No real investment plan
Low returns (2-3% p.a.)
After (2023)
Disciplined SIPs in diverse mutual funds
Portfolio value: ā¹6,12,000
Average returns: 13-15% p.a.
š§ What Iād Do Differently If Starting Again
If I could start over, Iād set up my SIPs and forget about the daily market noise. Iād diversify a bit more, avoid panic-selling, and trust the process. Most importantly, Iād start even earlier ā because time is your biggest ally in compounding.
Locate the “Internet Banking” section on the homepage.
Click on the “Login” button to proceed to the login page.
Step 2: Entering Your Credentials
Once you have reached the login page, enter your credentials to access your IndusInd Bank account. Make sure you have your username and password ready. Follow these steps:
Enter your username in the designated field.
Enter your password in the provided field.
Double-check the entered information for accuracy.
Click on the “Login” button to proceed.
Step 3: Navigating to the Credit Card PIN Generation Section
After successfully logging into your IndusInd Bank account, you need to navigate to the credit card PIN generation section. Follow these steps:
Locate the “Services” or “Manage Your Account” section on the dashboard.
Look for the “Credit Card Services” or a similar option.
Depending on the method you selected, the process of completing the PIN generation may vary. Follow the instructions provided by IndusInd Bank carefully to ensure a successful PIN generation. Here are some common scenarios:
Use our free SIP Calculator to estimate your investment returns, visualize compounding, and start building wealth today ā no sign-up required.
Why Use Our SIP Calculator?
Simple Inputs
Just enter your monthly investment, time period, and expected return rate.
Visual Growth Charts
See how your wealth grows month by month with powerful visuals.
Customizable Results
Test different scenarios to find the perfect investment plan for you.
Start Building Wealth Today
Don't wait to take control of your financial future. Let compounding do the work for you.
How I Turned ā¹5,000/month into ā¹6 Lakhs ā My 3-Year SIP Journey
How I Turned ā¹5,000/month into ā¹6 Lakhs ā My 3-Year SIP Journey
In 2020, I was saving ā¹5,000/month with no real strategy. I stumbled into SIPs by chance. Today, that same habit has grown into ā¹6,12,000 ā and taught me 3 major lessons about compounding, patience, and mistakes I wish I avoided earlier.
š What Went Wrong in Year 1
In my first year, I panicked during a market dip and pulled out my SIP investments. That single move cost me potential gains and broke the compounding chain. I learned the hard way that reacting emotionally to market swings is a recipe for regret.
š Lesson Learned: Consistency Beats Timing
Missed rallies by being out of the market
Lost out on rupee cost averaging
Peace of mind improved with automation and discipline
š My Portfolio Before vs After
Before (2020)
Random savings in bank account
No real investment plan
Low returns (2-3% p.a.)
After (2023)
Disciplined SIPs in diverse mutual funds
Portfolio value: ā¹6,12,000
Average returns: 13-15% p.a.
š§ What Iād Do Differently If Starting Again
If I could start over, Iād set up my SIPs and forget about the daily market noise. Iād diversify a bit more, avoid panic-selling, and trust the process. Most importantly, Iād start even earlier ā because time is your biggest ally in compounding.
Start SIPs as early as possible
Stay consistent, ignore short-term volatility
Review portfolio annually, not monthly
Invest for long-term goals, not quick gains
Credit Card Kya Hota Hai
Credit cards are becoming a crucial component of our daily financial lives in the digital age. They provide users with a variety of advantages, convenience, and flexibility. However, in order to make wise financial decisions, it is crucial to comprehend what a credit card is and how it functions. The idea of credit cards, as well as their characteristics, advantages, and potential pitfalls, will all be covered in this essay.
Credit Card Kya Hota Hai: Everything You Need to Know
A credit card is a plastic card issued by a financial institution that allows the cardholder to borrow funds for purchases or cash advances up to a predetermined credit limit. Unlike a debit card that deducts funds directly from a linked bank account, a credit card offers a line of credit provided by the card issuer. This means that the cardholder can spend money up to the credit limit and repay it later, either in full or through monthly installments.
When you make a purchase using a credit card, the card issuer pays the merchant on your behalf. The amount spent is added to your outstanding balance, which you will need to repay later. If you choose to pay the entire balance by the due date, no interest is charged. However, if you carry a balance forward, interest is applied to the unpaid amount, increasing the overall cost of your purchases.
Credit cards come in various types, each tailored to suit different consumer needs. Some common types include:
Rewards Credit Cards: These cards offer rewards such as cashback, travel points, or discounts on specific purchases.
Travel Credit Cards: Designed for frequent travelers, these cards offer travel-related benefits like airline miles, airport lounge access, and travel insurance.
Student Credit Cards: Geared toward students, these cards have lower credit limits and often come with educational resources to promote responsible credit card usage.
Secured Credit Cards: Suitable for individuals with limited or poor credit history, these cards require a security deposit that acts as collateral for the credit limit.
Balance Transfer Credit Cards: These cards allow you to transfer high-interest debt from one card to another with lower or no interest for a specific period.
Business Credit Cards: Specifically designed for business owners, these cards offer features and rewards tailored to business expenses.
Convenience: Credit cards provide a convenient way to make purchases online and offline, eliminating the need for carrying large amounts of cash.
Building Credit History: Responsible credit card usage helps establish a positive credit history, which is crucial when applying for loans or mortgages in the future.
When selecting a credit card, it’s important to consider the following factors:
Interest Rates: Compare the annual percentage rates (APR) offered by different credit cards. Lower interest rates can save you money if you carry a balance.
Fees and Charges: Be aware of the various fees associated with credit cards, such as annual fees, late payment fees, and foreign transaction fees. Choose a card with reasonable fees.
Credit Limit: Evaluate the credit limit offered by the card. It should align with your spending habits and financial capabilities.
Rewards and Benefits: Determine the type of rewards or benefits that align with your lifestyle. Whether it’s cashback, travel rewards, or discounts, choose a card that offers rewards you’ll actually use.
Introductory Offers: Some credit cards come with introductory offers like 0% APR for a certain period or bonus rewards. Consider these offers and how they align with your financial goals.
Credit limits and interest rates play a significant role in credit card usage:
Credit Limits: The credit limit is the maximum amount you can borrow on your credit card. It is determined by the card issuer based on factors such as your credit history, income, and creditworthiness. It’s important to stay within your credit limit to avoid penalties and potential damage to your credit score.
Interest Rates: The interest rate is the cost of borrowing money on a credit card. It is expressed as an annual percentage rate (APR). If you don’t pay your credit card balance in full by the due date, interest is charged on the remaining balance. Understanding the interest rate is crucial to managing credit card debt effectively.
To use a credit card responsibly, follow these guidelines:
Create a Budget: Set a budget to track your monthly expenses and ensure you can afford to repay your credit card balance.
Pay on Time: Pay at least the minimum payment on your credit card by the due date to avoid late payment fees and potential damage to your credit score.
Avoid Excessive Debt: Try to pay your balance in full each month to avoid accumulating high-interest debt. If you can’t pay the full amount, pay more than the minimum payment to reduce interest charges.
Monitor Your Statements: Regularly review your credit card statements to check for any unauthorized charges or errors. Report any discrepancies to your card issuer immediately.
Be Mindful of Cash Advances: Cash advances on credit cards usually attract high-interest rates and additional fees. Use cash advances sparingly and only when necessary.
A good credit history can be created by using credit cards responsibly:
Make Timely Payments: Pay your credit card bills on time to demonstrate responsible payment behavior, which positively impacts your credit score.
Keep Credit Utilization Low: Aim to utilize only a small portion of your available credit to maintain a healthy credit utilization ratio. Your credit score may be impacted negatively by high utilisation.
Maintain Long-Term Accounts: Keeping credit card accounts open for a longer duration shows stability and positively affects your credit history.
Monitor Your Credit Report: Regularly check your credit report for accuracy and identify any potential errors or fraudulent activities. Dispute any inaccuracies promptly.
Conclusion
Credit cards offer financial convenience and various benefits when used responsibly. Understanding how credit cards work, choosing the right one, and managing them wisely can lead to a positive financial future. By following the guidelines provided in this article, you can make informed decisions and use credit cards to your advantage.
Use our free SIP Calculator to estimate your investment returns, visualize compounding, and start building wealth today ā no sign-up required.
Why Use Our SIP Calculator?
Simple Inputs
Just enter your monthly investment, time period, and expected return rate.
Visual Growth Charts
See how your wealth grows month by month with powerful visuals.
Customizable Results
Test different scenarios to find the perfect investment plan for you.
Start Building Wealth Today
Don't wait to take control of your financial future. Let compounding do the work for you.
How I Turned ā¹5,000/month into ā¹6 Lakhs ā My 3-Year SIP Journey
How I Turned ā¹5,000/month into ā¹6 Lakhs ā My 3-Year SIP Journey
In 2020, I was saving ā¹5,000/month with no real strategy. I stumbled into SIPs by chance. Today, that same habit has grown into ā¹6,12,000 ā and taught me 3 major lessons about compounding, patience, and mistakes I wish I avoided earlier.
š What Went Wrong in Year 1
In my first year, I panicked during a market dip and pulled out my SIP investments. That single move cost me potential gains and broke the compounding chain. I learned the hard way that reacting emotionally to market swings is a recipe for regret.
š Lesson Learned: Consistency Beats Timing
Missed rallies by being out of the market
Lost out on rupee cost averaging
Peace of mind improved with automation and discipline
š My Portfolio Before vs After
Before (2020)
Random savings in bank account
No real investment plan
Low returns (2-3% p.a.)
After (2023)
Disciplined SIPs in diverse mutual funds
Portfolio value: ā¹6,12,000
Average returns: 13-15% p.a.
š§ What Iād Do Differently If Starting Again
If I could start over, Iād set up my SIPs and forget about the daily market noise. Iād diversify a bit more, avoid panic-selling, and trust the process. Most importantly, Iād start even earlier ā because time is your biggest ally in compounding.
Start SIPs as early as possible
Stay consistent, ignore short-term volatility
Review portfolio annually, not monthly
Invest for long-term goals, not quick gains
Finbooster Credit Card
The FinBooster Credit Card is India’s first of its kind, and it’s also the most beneficial credit card. It assists you in developing healthy credit behavior by providing you with frequent credit fitness reports that provide you with information about your financial health. If you want to raise your credit score while still increasing your incentives.
The Finbooster Credit Card Highlights
Monthly credit fitness reports and a real-time dashboard are provided. On fuel transactions between Rs.400 and Rs.5,000, the fuel levy is waived by 1%.
Finbooster Credit Card Features and Benefits
You’ll receive monthly credit fitness reports, as well as a real-time dashboard to monitor your credit score. Once you’ve completed your first transaction with the FinBooster Credit Card, you’ll be granted access.
You now have access to information that will assist you in raising your credit score. When you attain an annual spend of Rs.1 lakh in the previous year, the payment for the credit fitness tracker (from the second year onwards) will be canceled. There is no limit to the number of reward points you may earn, and they never expire. Spending money on online dining earns you 5x reward points. Earn 3x reward points when you shop for groceries and clothing online. Except for gasoline bills, every Rs.200 spent on other retail purchases earns you 2 reward points. Your reward points can be shared with friends and family.
When you use the FinBooster: YES Bank – BankBazaar Co-branded Credit Card, you’ll earn a 1% discount on the gasoline surcharge. If your transaction is between Rs.400 and Rs.5,000, you will be eligible for this bonus. You can earn a maximum fuel surcharge waiver of Rs.125 per statement cycle.
Accidental death cover (primary cardholder): Rs.2.5 lakh.
Fees and Charges of the FinBooster
Joining Fee
NIL
Annual Membership Fee (First Year & Renewal)
NIL
Interest-Free Period
Up to 50 days
Annual fee + EMI payments (if any) + GST + a minimum of 5% of the total amount due, or Rs.200, is the Minimum Amount Due (MAD) (whichever is higher). The Total Amount Due (TAD) = Minimum Amount Due (MAD) if the MAD is less than Rs.200 (MAD)
Limit on Cash Advances
Up to 30% of your credit limit
The fee for a Supplementary / Add-on Card is nothing (Maximum up to 3 add-on cards can be issued)
Finance Charges on Revolving Credit 3.50 percent p.m. Finance Charges on Cash 3.50 percent p.m. (42.00 percent Annualized)
Late Payment Charges (LPC) Nil to Rs.1,000 (per statement, based on statement balance) (depending on statement balance)
For instance, the over-limit fee is 2.5 percent of the over-limit amount or Rs.500, whichever is higher.
2.5 percent of the amount withdrawn or Rs.300, whichever is greater, is charged as a cash advance fee.
Petrol surcharge relief across all fuel stations in India (GST on fuel surcharge will not be revoked) 1% surcharge remission on fuel purchases between Rs.400 and Rs.5,000.
The fee for re-issuing a card that has been lost, stolen, or damaged is Rs.100 (per instance)
3.40 percent Foreign Currency Conversion Fees
Statements that are same (Statement older than 6 months)
Charges for Priority Pass Lounge Access are not applicable.
IRCTC/Indian Railways imposed charges on the purchase or cancellation of railway tickets.
For credit card payback, make a cash deposit of Rs.100 at any YES Bank branch.
TDS is levied on withdrawals of more than Rs.1 crore.
TDS of 2% is applied on aggregate cash withdrawals exceeding Rs.1 Cr from all YBL accounts and cards in a financial year, taking effect from September 1, 2019.
Subscription prices for Credit Fitness Tracker (Credit Strong) for the first year are NIL.
Subscription to Credit Fitness Tracker (Credit Strong) from the second year onwards is Rs.400, which will be waived if you spend $1 lakh or more in the anniversary year*.
18 percent GST (Goods and Services Tax) (Applicable on all fees and charges)
*Terms and Conditions apply
Disclaimer: Trademarks, tradenames, logos, and other intellectual property subject matters displayed on this site are the property of their respective intellectual property owners.
The display of such IP along with relevant product information does not imply that we are affiliated with the Intellectual Property owner or the issuer/manufacturer of such products.
Use our free SIP Calculator to estimate your investment returns, visualize compounding, and start building wealth today ā no sign-up required.
Why Use Our SIP Calculator?
Simple Inputs
Just enter your monthly investment, time period, and expected return rate.
Visual Growth Charts
See how your wealth grows month by month with powerful visuals.
Customizable Results
Test different scenarios to find the perfect investment plan for you.
Start Building Wealth Today
Don't wait to take control of your financial future. Let compounding do the work for you.
How I Turned ā¹5,000/month into ā¹6 Lakhs ā My 3-Year SIP Journey
How I Turned ā¹5,000/month into ā¹6 Lakhs ā My 3-Year SIP Journey
In 2020, I was saving ā¹5,000/month with no real strategy. I stumbled into SIPs by chance. Today, that same habit has grown into ā¹6,12,000 ā and taught me 3 major lessons about compounding, patience, and mistakes I wish I avoided earlier.
š What Went Wrong in Year 1
In my first year, I panicked during a market dip and pulled out my SIP investments. That single move cost me potential gains and broke the compounding chain. I learned the hard way that reacting emotionally to market swings is a recipe for regret.
š Lesson Learned: Consistency Beats Timing
Missed rallies by being out of the market
Lost out on rupee cost averaging
Peace of mind improved with automation and discipline
š My Portfolio Before vs After
Before (2020)
Random savings in bank account
No real investment plan
Low returns (2-3% p.a.)
After (2023)
Disciplined SIPs in diverse mutual funds
Portfolio value: ā¹6,12,000
Average returns: 13-15% p.a.
š§ What Iād Do Differently If Starting Again
If I could start over, Iād set up my SIPs and forget about the daily market noise. Iād diversify a bit more, avoid panic-selling, and trust the process. Most importantly, Iād start even earlier ā because time is your biggest ally in compounding.
The federal bank credit card has introduced a credit card for existing clients with additional advantages. There are 3 variants of credit cards.Federal Bank, one of the top three private sector banks in India, has expanded its credit card offerings by introducing new schemes for existing customers. The bank has differentiated its credit cards by adding an EMV chip-enabled Visa Platinum Credit Card to the existing portfolio of Gold and Diamond Credit Cards.
Federal Bank Visa Credit Cards
ā¢ Visa celesta mastercard ā¢ Visa Imperio credit card ā¢ Visa signet credit card
Annual share Rate (APR) ranging from zero.49% p.m. (5.88% p.a.)*
Enjoy our customised 3-2-1 rewards structure curated for customers such as you ā 3x rewards on spends for Travel and International classes, 2x rewards on spends for eating categories and 1x rewards for different categories.
We welcome you with early advantages too! Get Amazon Pay e-Voucher worth worth,000 on minimum pay of Rs.10,000 in initial thirty days.
Complimentary Lounge Access at Airports- double a year at International airports and four times per quarter at domestic airports
BOGO Offers* (Buy One Get One) on INOX movie tickets, once a month.
1% fuel surcharge waiver at all fuel stations across Asian country.
Fabulous eating offers at partner hotels through FedDelights program giving upto 15% discounts.
Gain access to a good variety of Visa offers and deals, together with travel, food and eating, shopping, sports, entertainment, way and much additional.
Federal bank Visa Imperio credit card
Annual share Rate (APR) ranging from zero.49% p.m. (5.88% p.a.)*
Enjoy our customised 3-2-1 rewards structure curated for you & your family – Get 3x rewards on spends for Health Care, Grocery categories, 2x rewards on spends for Utility categories (like Bill payments for Electricity, Gas, mobile etc) and 1x rewards for different categories.
We welcome you with early advantages too! Get Amazon Pay e-Voucher worth value,000 on minimum spend of Rs.5,000 in initial thirty days.
Complimentary Lounge Access- double a quarter at domestic airports BOGO Offers* (Buy One Get One) on INOX movie tickets, once a quarter.
Complimentary big Basket vouchers on quarterly spends of ā¹50,000..
1% fuel surcharge relinquishment at all fuel stations across Asian country.
Fabulous eating offers at partner hotels through FedDelights program giving upto 15% discounts.
Gain access to a wide style of Visa offers and deals, including travel, food and eating, shopping, sports, entertainment, lifestyle and much additional.
Federal bank visa signet credit card
Annual share Rate (APR) ranging from zero.49% p.m. (5.88% p.a.)*
Enjoy our customised 3-2-1 rewards structure personalised for you – Get 3x rewards on spends for electronics & apparel categories, 2x rewards on entertainment category and 1x rewards for other categories.
We welcome you with early benefits too! Get Amazon Pay e-Voucher worth value on minimum pay of Rs.3,000 in first 30 days.
Complimentary lounge access – once per quarter at Domestic airports BOGO Offers* (Buy One Get One) on INOX movie tickets, once a quarter.
Complimentary Swiggy vouchers on quarterly spend of ā¹20,000
Fabulous eating offers at partner hotels through FedDelights program giving upto 15% discounts.
Gain access to a good variety of Visa offers and deals, including travel, food and eating, shopping, sports, entertainment, lifestyle and far more.
Lowest dynamic Annual percentage Rate (APR) ranging from 0.49% p.m. (5.88% p.a.) to 3.49% p.m. (41.88% p.a.)* reckoning on your Banking relationship with us.
Enjoy our bespoke 3-2-1 rewards structure curated for customers such as you ā 3x rewards on spends for Travel and International categories, 2x rewards on spends for eating categories, and 1x rewards for other categories.
We welcome you with early advantages too! Get Amazon Pay e-Voucher worth value,000 on minimum spend of Rs.10,000 in first 30 days.
Complimentary Lounge Access at Airports- a pair of International Lounges per year and four Domestic Lounges per quarter INOX offers you BOGO (Buy One Get One) movie ticket offer (up to Rs.100 off), once a month.
Avail benefits on MasterCard wellness Pass, once your quarterly spends cross ā¹75,000.
1% fuel surcharge waiver at all fuel stations across india.
Fabulous eating offers at partner hotels through FedDelights program giving upto 15% discounts.
Ongoing attractive cashback offers, across various brands through our Federal Bank Mastercard shop Perks program
Federal bank Mastercard Imperio credit card
Lowest dynamic Annual percentage Rate (APR) ranging from 0.49% p.m. (5.88% p.a.) to 3.49% p.m. (41.88% p.a.)* reckoning on your Banking relationship with us.
Enjoy our bespoke 3-2-1 rewards structure curated for you & your family – Get 3x rewards on spends for Health Care, Grocery categories, 2x rewards on spends for Utility categories (like Bill payments for Electricity, Gas, mobile etc) and 1x rewards for other categories.
We welcome you with early benefits too! Get Amazon Pay e-Voucher worth value,000 on minimum pay of Rs.5,000 in first 30 days.
Complimentary Lounge Access at Airports- 2 Domestic Lounges per quarter INOX offers you BOGO (Buy One Get One) movie ticket offer (up to Rs.100 off), once a quarter.
Complimentary huge Basket vouchers on quarterly spends of ā¹50,000..
1% fuel surcharge waiver at all fuel stations across india.
Fabulous eating offers at partner hotels through FedDelights program giving upto 15% discounts.
Ongoing attractive cashback offers, across various brands through our Federal Bank Mastercard shop Perks program
Federal bank Mastercard signet credit card
Lowest dynamic Annual share Rate (APR) ranging from 0.49% p.m. (5.88% p.a.) to 3.49% p.m. (41.88% p.a.)* depending on your Banking relationship with us.
Enjoy our customized 3-2-1 rewards structure personalised for you – Get 3x rewards on spends for electronics & apparel categories, 2x rewards on entertainment class and 1x rewards for other categories.
We welcome you with early advantages too! Get Amazon Pay e-Voucher value value on minimum pay of Rs.3,000 in initial thirty days.
Complimentary Lounge Access at Airports- one Domestic Lounge per quarter INOX provides you BOGO (Buy One Get One) movie price ticket offer (up to Rs.100 off), once 1 / 4.
Complimentary Swiggy vouchers on quarterly pay of ā¹20,000
Fabulous eating offers at partner hotels through FedDelights program giving upto 15% discounts.
Ongoing engaging cashback offers, across numerous brands through our Federal Bank Mastercard look Perks program
How can I check my Federal Bank credit card eligibility?
Getting a credit card is not easy. It involves a lot of paper work. First you have to create an account with Federal Bank and then apply for the desired card. But before applying, make sure that you are eligible for it because Federal bank follows strict guidelines about credit cards eligibility.
Is federal bank safe?
A federal bank is one that is owned by the government. There are many other types of banks, besides Federal Banks, and they all have different regulations. Federal Bank can be advantageous to operating a business in several ways.
The Federal Bank Ltd. was established in the year 1990 and has since then, grown to become one of the most popular banks in India. The bank offers a range of products and services, which include business solutions, personal banking, wealth management, NRI services, term deposits etc.
Federal Bank partners OneCard for mobile-first credit card
Federal Bank has partnered with OneCard to offer its customers a mobile-first credit card. This means that Federal Bank customers can now access their credit card account through OneCard’s Mobile App, which is available on the App Store and Google Play store.
Federal Bank, India’s third largest private sector bank in terms of assets and capital, announced its partnership with OneCard to launch their mobile-first credit card. The new credit card will enable Federal Bank customers to make payments and avail benefits using their Android smartphones. “With this launch, we aim at enhancing the experience of our customers,” said Deepak Sharma, Head-Consumer Banking Products, Federal Bank. “We are committed towards digitizing customer interactions to build a better banking experience.”
federal bank credit card online shopping
Federal Bank has launched its new credit card for online shopping. The new card comes with 0% on balance transfer option for 6 months and reward points on all transactions. It also offers free EMIs on purchase of Rs 50,000 or above.
Use our free SIP Calculator to estimate your investment returns, visualize compounding, and start building wealth today ā no sign-up required.
Why Use Our SIP Calculator?
Simple Inputs
Just enter your monthly investment, time period, and expected return rate.
Visual Growth Charts
See how your wealth grows month by month with powerful visuals.
Customizable Results
Test different scenarios to find the perfect investment plan for you.
Start Building Wealth Today
Don't wait to take control of your financial future. Let compounding do the work for you.
How I Turned ā¹5,000/month into ā¹6 Lakhs ā My 3-Year SIP Journey
How I Turned ā¹5,000/month into ā¹6 Lakhs ā My 3-Year SIP Journey
In 2020, I was saving ā¹5,000/month with no real strategy. I stumbled into SIPs by chance. Today, that same habit has grown into ā¹6,12,000 ā and taught me 3 major lessons about compounding, patience, and mistakes I wish I avoided earlier.
š What Went Wrong in Year 1
In my first year, I panicked during a market dip and pulled out my SIP investments. That single move cost me potential gains and broke the compounding chain. I learned the hard way that reacting emotionally to market swings is a recipe for regret.
š Lesson Learned: Consistency Beats Timing
Missed rallies by being out of the market
Lost out on rupee cost averaging
Peace of mind improved with automation and discipline
š My Portfolio Before vs After
Before (2020)
Random savings in bank account
No real investment plan
Low returns (2-3% p.a.)
After (2023)
Disciplined SIPs in diverse mutual funds
Portfolio value: ā¹6,12,000
Average returns: 13-15% p.a.
š§ What Iād Do Differently If Starting Again
If I could start over, Iād set up my SIPs and forget about the daily market noise. Iād diversify a bit more, avoid panic-selling, and trust the process. Most importantly, Iād start even earlier ā because time is your biggest ally in compounding.
Start SIPs as early as possible
Stay consistent, ignore short-term volatility
Review portfolio annually, not monthly
Invest for long-term goals, not quick gains
Indus bank credit card
Indus bank credit card : Are you looking to buy a credit card then you must look at various credit cards offered by Indus bank.There are many types of credit card offered by Indus bank.
IndusInd Bank is the most preferred bank in India for credit card. It offers a wide range of rewards and benefits to its customers. The reasons behind this preference are simple ā we always strive to offer you the best service and convenience with our credit cards.
IndusInd Bank is one of the leading banks of India. Established in 1887, it has its head office at Mumbai, Maharashtra. It is registered under Companies Act 1956 and described as a Large Bank with Authorized Capital of ā¹ 3700 Crore (US$ 600 Million) and Paid up Capital of ā¹ 2740 Crore (US$ 400 Million). The bank offers wide range of products that includes Consumer Banking, Corporate Banking, SME & Agriculture Banking etc.
Types of Indusbank credit card are
When it comes to credit cards, people have a lot of options. There are rewards cards that offer cash back or points with every purchase. There are secured credit cards for those with a less-than-perfect credit history. There are even student credit cards for those looking to build up their first line of credit.
Indusind Bank offers a range of credit cards to suit your lifestyle. These include Card for You, Gold Credit Card, Platinum Credit Card and Business Credit Cards. Apply online for your Indusind Bank credit card today! Here’s a look at some of the most popular types of Indusbank Credit Cards .
Indus bank credit card
IndusInd Bank Indulge Credit Card
The interest rate is very low monthly 1.79%
Free movie discounts offers in luxury products.
By using this credit card you can get so many comprehensives.
IndusInd Bank Indulge Credit Card offers 2.5% of fuel surcharge at all petrol pumps of the country.
IndusInd Bank Indulge Credit Card doesnāt have any pre set credit limit but if the applicant want it can be set.
IndusInd Bank Pinnacle Credit Card
offers on travel, lifestyle, golf privileges etc.
Get 100% discount on your air tickets.
You can earn 2.5points on every spent of 100 INR
You can get access of 600 air lounges across the globe with complimentary priority pass.
You can get movie ticket free on purchasing of another by using Bank Pinnacle Credit Card.
IndusInd Bank Signature Credit Card
You can earn 1.5points on every spent of 100 INR
You can enjoy exclusive golf lessons from instructors.
You can get access of 600 airlounges across the globe.
With the help of special promo codes you can get one way air way tickets in the 100% discount.
You can get access on auto services on road side assistance, fuel supply, battery repairing, medical assistance.
IndusInd Bank Iconia Credit Card
Get Jet air ways welcome bonus.
You can get lost baggage insurance cover.
You can enjoy exclusive golf lessons from experienced instructors.
You can get offers and vouchers from TITAN, Armani, ALDO, Pantaloons, and Woodlands etc.
IndusInd Bank Iconia Credit Card offers 2.5% of fuel surcharge at all petrol pumps of the country.
have a great lifestyle and also want to earn rewards points.
You can get pre trip assistance.
You can earn 1.5points on every spent of 150 INR
You can enjoy exclusive golf lessons from experienced instructors.
You can get Satya Paul vouchers and promotion codes for jet airways.
You can also get insurance cover if there is any fraud on your Credit Card.
IndusInd Bank Platinum Credit Card offers 2.5% of fuel surcharge at all petrol pumps of the country.
IndusInd Bank Platinum Select Credit Card.
Can get access on travel plus.
You can get Satya Paul vouchers.
Get access on 600 airport lounges.
IndusInd Bank Platinum Select Credit Card offers 2.5% of fuel surcharge at all petrol pumps of the country.
IndusInd Bank Platinum Aura Credit Card
You can get Satya Paul vouchers.
Get access on 600 airport lounges.
You can get lost baggage insurance cover.
You can enjoy exclusive golf lessons from experienced instructors.
IndusInd Bank Platinum Select Credit Card offers 2.5% of fuel surcharge at all petrol pumps of the country.
IndusInd Bank WorldMiles Credit Card
You can avail complimentary golf benefits.
You can earn flight miles when you travel with any airline.
You can get free movie tickets from book my show every month.
With the help of special promo codes you can get one way air way tickets in the 100% discount.
Indusbank credit card provide a lot of benefits to there customer ,which can be availed any time.You can easily opt for IndusInd Bank Credit Card Apply Online and get the benefit of checking IndusInd Bank Credit Card Application Status. After completing the eligibility criteria of Indusbank credit card you can get the credit card.
credit card
Annual Fee
Joining Fee
IndusInd Bank Signature Legend Credit
1st Year- 9,999 2nd Year- NULL
9,999
Jet Airways IndusInd Bank Voyage American Express Card
1st Year- NIL 2nd Year- 2,000
NIL
IndusInd Bank Platinum Card
NIL
NIL
Jet Airways IndusInd Bank Voyage VISA Card
1st Year- NIL 2nd Year- 2,000
NIL
IndusInd Bank Chelsea FC Card
NIL
NIL
IndusInd Bank Platinum Aura Edge Master Card
NIL
NIL
IndusInd Bank Platinum Aura Edge Credit Card
NIL
NIL
Platinum Aura Credit Card
5,999
NIL
Platinum Aura Select Card
5,999
NIL
Iconia Credit Card
–
–
Indusind bank credit card
Documents needed for credit card approval
ID Proof
Address Proof
Income Proof (For Self-employed)
Income Proof (For Salaried)
Appointment letter
Recent Salary slip/s
Salary Certificate
Eligiblity criteria
applicant for the IndusInd Bank Credit Card must be in the age group of 21 to 65 years
Regular Income
Credit History
Applicant should be an Indian resident or nonresident Indian.
indusind bank credit card apply online
indusind bank credit card apply online
Is IndusInd Bank private or government?
Indusind Bank is a private sector bank and was established in the year 1994. It has also acquired the license to operate as a Large bank on 9th March, 2017 from the Reserve Bank of India. The bank is headquartered at Mumbai, Maharashtra with all its branches spread across Maharashtra, Gujarat, Madhya Pradesh and Karnataka.
Use our free SIP Calculator to estimate your investment returns, visualize compounding, and start building wealth today ā no sign-up required.
Why Use Our SIP Calculator?
Simple Inputs
Just enter your monthly investment, time period, and expected return rate.
Visual Growth Charts
See how your wealth grows month by month with powerful visuals.
Customizable Results
Test different scenarios to find the perfect investment plan for you.
Start Building Wealth Today
Don't wait to take control of your financial future. Let compounding do the work for you.
How I Turned ā¹5,000/month into ā¹6 Lakhs ā My 3-Year SIP Journey
How I Turned ā¹5,000/month into ā¹6 Lakhs ā My 3-Year SIP Journey
In 2020, I was saving ā¹5,000/month with no real strategy. I stumbled into SIPs by chance. Today, that same habit has grown into ā¹6,12,000 ā and taught me 3 major lessons about compounding, patience, and mistakes I wish I avoided earlier.
š What Went Wrong in Year 1
In my first year, I panicked during a market dip and pulled out my SIP investments. That single move cost me potential gains and broke the compounding chain. I learned the hard way that reacting emotionally to market swings is a recipe for regret.
š Lesson Learned: Consistency Beats Timing
Missed rallies by being out of the market
Lost out on rupee cost averaging
Peace of mind improved with automation and discipline
š My Portfolio Before vs After
Before (2020)
Random savings in bank account
No real investment plan
Low returns (2-3% p.a.)
After (2023)
Disciplined SIPs in diverse mutual funds
Portfolio value: ā¹6,12,000
Average returns: 13-15% p.a.
š§ What Iād Do Differently If Starting Again
If I could start over, Iād set up my SIPs and forget about the daily market noise. Iād diversify a bit more, avoid panic-selling, and trust the process. Most importantly, Iād start even earlier ā because time is your biggest ally in compounding.
Start SIPs as early as possible
Stay consistent, ignore short-term volatility
Review portfolio annually, not monthly
Invest for long-term goals, not quick gains
Capital one credit card
Capital one credit card
Capital one credit card offers the potential to build good credit without paying an annual fee. With an over-the-top APR of 26.99% (Variable), As long as you pay your statement in full each month, this could be a decent starter card Capital One offers a wide range of credit cards for a wide variety of needs, including cash back, travel, business, and credit-building.
Capital One Quicksilver Cash Rewards Credit Card
Rewards Rate: Earn unlimited 1.5% cash back on every purchase, every day
Welcome Offer: One-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening
Regular APR: 15.49% – 25.49% (Variable)
Recommended Credit Score: Good to Excellent
One-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening
Earn unlimited 1.5% cash back on every purchase, every day
No rotating categories or sign-ups needed to earn cash rewards; plus, cash back won’t expire for the life of the account and there’s no limit to how much you can earn
0% intro APR on purchases for 15 months; 15.49%-25.49% variable APR after that
Pay no annual fee or foreign transaction fees
No annual fee and no foreign transaction fees
15-month, 0 percent introductory purchase APR
Solid travel and shopping protections through Capital One and Visa
The Capital One Quicksilver Cash Rewards Credit Card has flat-rate rewards cards. also earns cash back on all purchases with no annual fee or foreign transaction fees, which makes it a great all-rounder for any budget. As a new cardholder, you can earn $200 in cash rewards after spending only $500 on purchases within your first three months.
Capital One Venture Rewards Credit Card
Rewards Rate: Earn unlimited 2X miles on every purchase, every day.
Welcome Offer: Earn 100,000 bonus miles when you spend $20,000 on purchases in the first 12 months from account opening, or still earn 50,000 miles if you spend $3,000 on purchases in the first 3 months
Regular APR: 17.24% – 24.49% (Variable)
Recommended Credit Score: Good to Excellent
Earn 100,000 bonus miles when you spend $20,000 on purchases in the first 12 months from account opening, or still earn 50,000 miles if you spend $3,000 on purchases in the first 3 months
Earn unlimited 2X miles on every purchase, every day
Miles won’t expire for the life of the account and there’s no limit to how many you can earn
Receive up to $100 application fee credit for Global Entry or TSA PreāĀ®
Redeem on travelāincluding flights, vacation rentals, car rentals and more. Plus transfer your miles to over 15+ travel loyalty programs
No foreign transaction fees
Purchase Intro APR:
N/A
Balance Transfer Intro APR:
N/A
Annual Fee:
$95
Unlimited, flat-rate travel miles on all purchases
No foreign transaction fees
Good benefits, including up to $100 credit for Global Entry or TSA PreCheck application fee
Capital One SavorOne Cash Rewards Credit Card
Rewards Rate: Earn 8% cash back on tickets at Vivid Seats through January 2023. Earn unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores.Earn 1% on all other purchases.
Welcome Offer: Earn a one-time $200 cash bonus after you spend $500 on purchases within the first 3 months from account opening
Regular APR: 15.49% – 25.49%
Recommended Credit Score: Good to Excellent
Earn a one-time $200 cash bonus after you spend $500 on purchases within the first 3 months from account opening
Earn unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores , plus 1% on all other purchases. Plus, earn 8% cash back on tickets at Vivid Seats through January 2023
No rotating categories or sign-ups needed to earn cash rewards; plus cash back won’t expire for the life of the account and there’s no limit to how much you can earn
0% intro APR on purchases for 15 months; 15.49% – 25.49% variable APR after that
No foreign transaction fee
No annual fee
Capital One VentureOne Rewards Credit Card
Rewards Rate: Earn unlimited 1.25X miles on every purchase, every day.
Welcome Offer: Earn a bonus of 20,000 miles once you spend $500 on purchases within 3 months from account opening, equal to $200 in travel
Regular APR: 15.49% – 25.49% (Variable)
Recommended Credit Score: Good to Excellent
$0 annual fee and no foreign transaction fees
Earn a bonus of 20,000 miles once you spend $500 on purchases within 3 months from account opening, equal to $200 in travel
Earn unlimited 1.25X miles on every purchase, every day
Travel when you want with no blackout dates and fly any airline, stay at any hotel, anytime
Miles won’t expire for the life of the account and there’s no limit to how many you can earn
Transfer your miles to over 15+ travel loyalty programs
Enjoy 0% intro APR on purchases for 12 months; 15.49% – 25.49% variable APR after that
Capital One Platinum Credit Card
Rewards Rate: N/A
Welcome Offer: N/A
Regular APR: 26.99% (Variable)
Recommended Credit Score: Fair to Good
Pay no annual fee
Be automatically considered for a higher credit line in as little as 6 months
Fraud coverage if your card is lost or stolen
Use online banking to access your account, even from your smartphone, with our mobile app
Check out quickly and securely with a contactless card, without touching a terminal or handing your card to a cashier. Just hover your card over a contactless reader, wait for the confirmation, and you’re all set
Pay by check, online or at a local branch, all with no fee – and pick the monthly due date that works best for you
Get access to your account 24 hours a day, 7 days a week
Help build your credit through responsible use of a card.
Disclaimer: All information mentioned above should be considered as a third-party opinion and should go through a detailed analysis before purchasing the card.
Use our free SIP Calculator to estimate your investment returns, visualize compounding, and start building wealth today ā no sign-up required.
Why Use Our SIP Calculator?
Simple Inputs
Just enter your monthly investment, time period, and expected return rate.
Visual Growth Charts
See how your wealth grows month by month with powerful visuals.
Customizable Results
Test different scenarios to find the perfect investment plan for you.
Start Building Wealth Today
Don't wait to take control of your financial future. Let compounding do the work for you.
How I Turned ā¹5,000/month into ā¹6 Lakhs ā My 3-Year SIP Journey
How I Turned ā¹5,000/month into ā¹6 Lakhs ā My 3-Year SIP Journey
In 2020, I was saving ā¹5,000/month with no real strategy. I stumbled into SIPs by chance. Today, that same habit has grown into ā¹6,12,000 ā and taught me 3 major lessons about compounding, patience, and mistakes I wish I avoided earlier.
š What Went Wrong in Year 1
In my first year, I panicked during a market dip and pulled out my SIP investments. That single move cost me potential gains and broke the compounding chain. I learned the hard way that reacting emotionally to market swings is a recipe for regret.
š Lesson Learned: Consistency Beats Timing
Missed rallies by being out of the market
Lost out on rupee cost averaging
Peace of mind improved with automation and discipline
š My Portfolio Before vs After
Before (2020)
Random savings in bank account
No real investment plan
Low returns (2-3% p.a.)
After (2023)
Disciplined SIPs in diverse mutual funds
Portfolio value: ā¹6,12,000
Average returns: 13-15% p.a.
š§ What Iād Do Differently If Starting Again
If I could start over, Iād set up my SIPs and forget about the daily market noise. Iād diversify a bit more, avoid panic-selling, and trust the process. Most importantly, Iād start even earlier ā because time is your biggest ally in compounding.
Start SIPs as early as possible
Stay consistent, ignore short-term volatility
Review portfolio annually, not monthly
Invest for long-term goals, not quick gains
Best American airlines credit card
Best American airlines credit card
Best American airlines credit card offer more than just great cash-back incentives ā they also come with a range of perks and upgrades that can take your next trip from basic to bougie without spending extra money.
travel cards have become one of the most competitive these days, you can use them across the board with no foreign transaction fees, travel credits, and upgrade programs.
Before you choose a new card just keep in mind how youāll use it and how you can best optimize the points.
American airlines credit card is best for persons who often travels which help them to get rewards and perks that can make travel more affordable.
It can be in your best interest to get a credit card that awards high rewards rates on airfare, hotels, rideshares and other common travel expenses.
The American ExpressĀ® Gold Card
is a smart choice for consumers who love travel and dining out. While the card comes with a $250 annual fee, it offers a number of luxury rewards that help offset the cost. American Express Gold Card, users earn 3X Membership RewardsĀ® points on flights booked directly with airlines or on amextravel.com, 4X Membership RewardsĀ® points on dining at restaurants, and purchases made at U.S. supermarkets. and much more benefits.
Capital One Venture Rewards Credit Card
offers no shortage of travel benefits and rewards, and if youāre looking to book a bunch of travel this fall, it could be an ideal time to take advantage of this card. Cardmembers earn 5X miles on hotel and rental cars booked through Capital One Travelā and unlimited 2X miles on every dollar spent.
Chase Sapphire PreferredĀ®
has a loyal following among travelers looking for a travel-centric rewards program and a robust suite of perks. This card also has one of the most generous welcome bonus offers: Earn 100,000 bonus points after you spend $4,000 on purchases in the first three months from account opening. The bonus is worth up to $1,250 toward travel when you redeem through Chase Ultimate RewardsĀ® or for eligible purchases
Chase Sapphire ReserveĀ® is enormously popular among travelers for its luxe perks and strong rewards program. In addition to offering 3X points on dining and travel purchases, cardholders get a $300 annual statement credit to apply to qualifying travel expenses.
The Chase Ultimate RewardsĀ®:
the portal has everything you need to plan a vacation from booking rental cars to cruises. You can also use the Luxury Hotel & Resort Collection to book rooms and take advantage of upgrades upon arrival, complimentary meals, flexible check-in times, extra amenities, and special discounts. Discover it Miles card comes with a generous rewards program ā all for zero annual fees. The Discover it Miles card offers users unlimited 1.5X miles for every dollar spent on all purchases.
TD First ClassSM Visa SignatureĀ® Credit Card
it has a unique welcome bonus, impressive rewards program, and relatively low 14.99% variable APR. cardholders can earn 25,000 miles when they spend $3,000 within the first six billing cycles. The rewards program offers 3X miles on every $1 spent on travel and dining. For all other purchases, users earn 1X mile per $1 spent. You can easily redeem rewards for cash back, gift cards, or travel rewards.
If you are looking for the Best American airlines credit card keep in mind that card issuers usually require you to have good credit or excellent credit. There is a variety of travel credit cards available, choose the best card for your needs, you should consider several factors.
whether youāre willing to pay an annual fee
type of travel you do most
look for most Reward cards
your spending habits
compare card benefits
credit card benefits and fees.
Disclaimer : All information mentioned above should be considered as a third-party opinion and should go through a detailed analysis before purchasing the card.
Use our free SIP Calculator to estimate your investment returns, visualize compounding, and start building wealth today ā no sign-up required.
Why Use Our SIP Calculator?
Simple Inputs
Just enter your monthly investment, time period, and expected return rate.
Visual Growth Charts
See how your wealth grows month by month with powerful visuals.
Customizable Results
Test different scenarios to find the perfect investment plan for you.
Start Building Wealth Today
Don't wait to take control of your financial future. Let compounding do the work for you.
How I Turned ā¹5,000/month into ā¹6 Lakhs ā My 3-Year SIP Journey
How I Turned ā¹5,000/month into ā¹6 Lakhs ā My 3-Year SIP Journey
In 2020, I was saving ā¹5,000/month with no real strategy. I stumbled into SIPs by chance. Today, that same habit has grown into ā¹6,12,000 ā and taught me 3 major lessons about compounding, patience, and mistakes I wish I avoided earlier.
š What Went Wrong in Year 1
In my first year, I panicked during a market dip and pulled out my SIP investments. That single move cost me potential gains and broke the compounding chain. I learned the hard way that reacting emotionally to market swings is a recipe for regret.
š Lesson Learned: Consistency Beats Timing
Missed rallies by being out of the market
Lost out on rupee cost averaging
Peace of mind improved with automation and discipline
š My Portfolio Before vs After
Before (2020)
Random savings in bank account
No real investment plan
Low returns (2-3% p.a.)
After (2023)
Disciplined SIPs in diverse mutual funds
Portfolio value: ā¹6,12,000
Average returns: 13-15% p.a.
š§ What Iād Do Differently If Starting Again
If I could start over, Iād set up my SIPs and forget about the daily market noise. Iād diversify a bit more, avoid panic-selling, and trust the process. Most importantly, Iād start even earlier ā because time is your biggest ally in compounding.
Start SIPs as early as possible
Stay consistent, ignore short-term volatility
Review portfolio annually, not monthly
Invest for long-term goals, not quick gains
Kotak credit card
kotak credit card
kotak credit card : Kotak Bank Launches 811 DreamDifferent Credit Cardwith NO Joining & Annual Fees with High credit limit up to INR 12,00,00/- and back by Backed by a fixed deposit for as low as INR 15,000, this lifetime free credit card is especially for customers who have no credit history or do not have any other income.
Joining Fees: NIL
Renewal Fees: NIL
Welcome Gift: 500 bonus reward points on ā Activation + Rs. 5000/- spends in the first 45 days of card set up
kotak credit card: Enjoy the benefits of interest free cash withdrawals,rewards on all purchases, a credit limit up to 80% of your term deposit amount and a free Credit Card for life ā all with the Kotak 811 #DreamDifferent Credit Card.
You can apply for an 811 DreamDifferent Credit Card Online without any income documents. You can get a credit limit against the fixed deposit (FD) for as low as Rs.15,000.
You can apply online and a card will be delivered within 7-10 days working days
No additional documents required
You can set credit limit your own choice starting from Rs. 12,000 to 12,00,000/-
You can also link existing FD or open new FD online.
Reward Points
Earn 2 reward points against every Rs. 100/- of online spends
Earn 1 reward point against every Rs. 100/- of other* spends
Earn 500 bonus reward points on ā Activation + Rs. 5000/- spends in the first 45 days of card set up#.
Interest free cash withdrawal
You can withdraw cash up to 90% of your total credit limit.
Processing fee of Rs. 300 per Rs. 10,000/- withdrawal
No interest will be charged up to 48 days on cash advance
Balance Transfer
Processing fee of Rs. 349/- per Rs. 10,000/-
Continued interest free period on fresh retail purchases
Easy & Instant – Just call us to transfer your other credit card balances
811 #DreamDifferentĀ Shield
In case your Credit Card is stolen, you get a cover of Rs. 50,000/- against fraudulent usage up to 7 days pre-reporting
You are required to immediately call Customer Contact Centre (1860 266 2666) and get your card deactivated / blocked to prevent misuse and register a claim with the Insurance Company.
Add-on Card
Your Add-on Card will have all the benefits that you enjoy on your Card
Set the spend limit on your Add-on Card as you desire
Track spends separately for each of your Add-on Card(s)
Fuel & RailwayĀ Surcharge waiver
1% across all petrol pumps for transactions between Rs. 500/- and Rs. 3000/- (max. Rs. 3500/year)
1.8% for transactions on irctc.co.in & 2.5% Indian railway booking counters (max Rs. 500/year
Use our free SIP Calculator to estimate your investment returns, visualize compounding, and start building wealth today ā no sign-up required.
Why Use Our SIP Calculator?
Simple Inputs
Just enter your monthly investment, time period, and expected return rate.
Visual Growth Charts
See how your wealth grows month by month with powerful visuals.
Customizable Results
Test different scenarios to find the perfect investment plan for you.
Start Building Wealth Today
Don't wait to take control of your financial future. Let compounding do the work for you.
How I Turned ā¹5,000/month into ā¹6 Lakhs ā My 3-Year SIP Journey
How I Turned ā¹5,000/month into ā¹6 Lakhs ā My 3-Year SIP Journey
In 2020, I was saving ā¹5,000/month with no real strategy. I stumbled into SIPs by chance. Today, that same habit has grown into ā¹6,12,000 ā and taught me 3 major lessons about compounding, patience, and mistakes I wish I avoided earlier.
š What Went Wrong in Year 1
In my first year, I panicked during a market dip and pulled out my SIP investments. That single move cost me potential gains and broke the compounding chain. I learned the hard way that reacting emotionally to market swings is a recipe for regret.
š Lesson Learned: Consistency Beats Timing
Missed rallies by being out of the market
Lost out on rupee cost averaging
Peace of mind improved with automation and discipline
š My Portfolio Before vs After
Before (2020)
Random savings in bank account
No real investment plan
Low returns (2-3% p.a.)
After (2023)
Disciplined SIPs in diverse mutual funds
Portfolio value: ā¹6,12,000
Average returns: 13-15% p.a.
š§ What Iād Do Differently If Starting Again
If I could start over, Iād set up my SIPs and forget about the daily market noise. Iād diversify a bit more, avoid panic-selling, and trust the process. Most importantly, Iād start even earlier ā because time is your biggest ally in compounding.
Start SIPs as early as possible
Stay consistent, ignore short-term volatility
Review portfolio annually, not monthly
Invest for long-term goals, not quick gains
credit card features and benefits
credit card features and benefits: What is a credit card?
Credit card features and benefits: Simply put, a credit card is just a small piece of plastic that easily fits in your wallet. Well, itās not ājust a piece of plastic’; itās a very powerful piece of plastic that can be regarded as a compressed form of cash. We can define credit cards as a credit system that allows the consumer to borrow money on the fly from a bank or a financial institution and use it to make payments to merchants.
credit card features and benefits
In order to obtain a credit card, the consumer needs to fill in an application form that is actually like an agreement between the credit card supplier and the credit card consumer. The credit card supplier approves the application form and provides the consumer with a small piece of plastic (i.e. the credit card). This plastic (or credit card) contains electronically encoded security information in the form of a magnetic strip, (which is generally located at the back of the credit card).
This information is used for authorizing payments whenever the consumer uses a credit card. The consumer can use the credit card for shopping at merchant outlets, on the internet, etc. Of course, this is subject to the merchantās capability to accept credit card payments.
Accepting credit cards is, however, not enough. The merchant should be able to accept payments made through the credit card provided by that credit card organization (of which you hold the credit card) i.e. VISA, MasterCard, etc. You can also use credit cards to withdraw cash from ATMs (automatic cash machines) ā also known as cash machines or Day/Night machines.
There are eight main credit card organizations, and most of them operate in many countries around the world. These are American Express, Citi, Diners Club, Discover, JCB, MasterCard, and VISA. Mastercard and Visa are probably the most popular ones. Then there are credit card suppliers or issuers who have tie-ups with these organizations and issue credit cards on their behalf e.g. you have various banks that issue VISA cards (like HSBC VISA card)
To make a payment using a credit card, the credit card has to be either swiped into a special credit card processing machine (when shopping in person at shops) or the details of the credit card have to be entered on the merchantās website (when shopping online). The credit card supplier sends across the bill for these transactions to the consumer who is then required to pay either the full amount or a partial (minimum) amount.
If you pay in full, the credit card supplier doesnāt charge any interest on the amount you owe, otherwise the pre-agreed interest rate is charged. If you donāt pay even the minimum, you might land up with a late fee too. Moreover, the credit card supplier generally puts a limit on the maximum amount you can spend per month using your credit card.
Features of Credit Cards in India: A Comprehensive Guide
In this article, we present an in-depth exploration of the various features of credit cards available in India. As a leading provider of valuable financial insights, we aim to equip you with the essential knowledge required to make informed decisions when choosing the best credit card for your needs. We understand that navigating the world of credit cards can be overwhelming, but fear not, as we are here to simplify the process for you.
1. Decoding Credit Cards
Before we dive into the plethora of features that credit cards in India offer, let’s understand what credit cards actually are. A credit card is a powerful financial tool that allows you to borrow money from a financial institution, typically a bank, up to a pre-approved credit limit. It enables you to make purchases or withdraw cash on credit, which you can repay in full or in part within a specified period.
2. Credit Card Features Explained
2.1. Credit Limit and Eligibility
Every credit card comes with a predefined credit limit, which indicates the maximum amount of credit you can access. The credit limit is determined based on various factors, including your credit score, income, employment status, and existing financial liabilities. Understanding the eligibility criteria and credit limit beforehand can save you time and effort during the application process.
2.2. Reward Programs
Credit card companies often entice customers with attractive reward programs. These rewards can range from cashback on purchases, discounts at partner outlets, airline miles, and even loyalty points that can be redeemed for a variety of products and services. It is essential to compare different cards to find the one that aligns with your spending habits and offers the most lucrative rewards.
2.3. Interest Rates
The interest rate, also known as the Annual Percentage Rate (APR), is a crucial factor to consider when selecting a credit card. This rate determines the interest you will be charged on outstanding balances if you don’t pay the entire amount before the due date. Lower interest rates are preferable, as they can significantly reduce your financial burden.
2.4. Introductory Offers
Many credit cards in India come with attractive introductory offers such as zero annual fees for the first year, waived joining fees, or reduced interest rates. While these offers may seem enticing, it is essential to read the fine print and understand the terms and conditions associated with them.
2.5. Contactless Payments
With advancements in technology, most credit cards now come with contactless payment options. This feature allows you to make secure and swift transactions by simply tapping your card on a point-of-sale (POS) terminal. Contactless payments are not only convenient but also reduce the risk of card fraud.
2.6. EMI Conversion
Some credit cards provide the option to convert significant purchases into Equated Monthly Installments (EMIs). This facility can be beneficial when purchasing high-value items, as it allows you to spread the cost over several months, making it more manageable within your budget.
2.7. Fuel Surcharge Waiver
For frequent travelers and commuters, credit cards with fuel surcharge waivers can be a significant advantage. These cards provide rebates on fuel expenses, saving you money every time you fill up your vehicle at the gas station.
2.8. Travel Benefits
If you are a globetrotter, certain credit cards offer exclusive travel benefits such as complimentary airport lounge access, travel insurance coverage, and attractive discounts on flight and hotel bookings. These perks can elevate your travel experience and provide added peace of mind.
2.9. Security Features
Credit card companies invest heavily in ensuring the security of their customers’ transactions. Advanced security measures, such as One-Time Passwords (OTPs), fraud detection systems, and secure encryption, safeguard your card against unauthorized usage.
3. How to Choose the Right Credit Card
Selecting the perfect credit card involves careful consideration of your financial habits and needs. Here are some tips to guide you in making the right choice:
3.1. Assess Your Spending Patterns
Analyze your spending patterns and identify the categories in which you spend the most. If you are a frequent shopper, a card with cashback rewards might be suitable. For travelers, a card with travel benefits and no foreign transaction fees could be more advantageous.
3.2. Consider Fees and Charges
Credit cards often come with annual fees, joining fees, late payment charges, and more. Assess these fees to understand their impact on your overall financial planning.
3.3. Research Reward Programs
Thoroughly research the reward programs offered by different credit cards. Evaluate how well these rewards align with your preferences and lifestyle.
3.4. Read Customer Reviews
Customer reviews can provide valuable insights into the overall experience of using a specific credit card. Look for feedback on customer service, reward redemption process, and ease of card usage.
3.5. Compare Interest Rates
Interest rates can significantly affect your credit card experience, especially if you plan to carry a balance. Compare the APRs of various cards to find the most favorable one.
4. Conclusion
In conclusion, credit cards in India offer a wide array of features that cater to diverse financial needs and preferences. Understanding these features and how they align with your requirements is essential to make the most of your credit card experience. Remember to choose a card that complements your lifestyle and spending habits while keeping an eye on fees and interest rates.
Use our free SIP Calculator to estimate your investment returns, visualize compounding, and start building wealth today ā no sign-up required.
Why Use Our SIP Calculator?
Simple Inputs
Just enter your monthly investment, time period, and expected return rate.
Visual Growth Charts
See how your wealth grows month by month with powerful visuals.
Customizable Results
Test different scenarios to find the perfect investment plan for you.
Start Building Wealth Today
Don't wait to take control of your financial future. Let compounding do the work for you.
How I Turned ā¹5,000/month into ā¹6 Lakhs ā My 3-Year SIP Journey
How I Turned ā¹5,000/month into ā¹6 Lakhs ā My 3-Year SIP Journey
In 2020, I was saving ā¹5,000/month with no real strategy. I stumbled into SIPs by chance. Today, that same habit has grown into ā¹6,12,000 ā and taught me 3 major lessons about compounding, patience, and mistakes I wish I avoided earlier.
š What Went Wrong in Year 1
In my first year, I panicked during a market dip and pulled out my SIP investments. That single move cost me potential gains and broke the compounding chain. I learned the hard way that reacting emotionally to market swings is a recipe for regret.
š Lesson Learned: Consistency Beats Timing
Missed rallies by being out of the market
Lost out on rupee cost averaging
Peace of mind improved with automation and discipline
š My Portfolio Before vs After
Before (2020)
Random savings in bank account
No real investment plan
Low returns (2-3% p.a.)
After (2023)
Disciplined SIPs in diverse mutual funds
Portfolio value: ā¹6,12,000
Average returns: 13-15% p.a.
š§ What Iād Do Differently If Starting Again
If I could start over, Iād set up my SIPs and forget about the daily market noise. Iād diversify a bit more, avoid panic-selling, and trust the process. Most importantly, Iād start even earlier ā because time is your biggest ally in compounding.
Start SIPs as early as possible
Stay consistent, ignore short-term volatility
Review portfolio annually, not monthly
Invest for long-term goals, not quick gains
Tips for choosing the right credit card
Tips for choosing the right credit card: As you probably already know, there are many credit cards out there. The one you choose, however, should reflect your lifestyle and your ideal spending amounts. If you are looking for the best possible deal and the best company for your credit card, youāll obviously need to look around at what you have to choose from and what works best for you.
Tips for choosing the right credit card
The first thing youāll need to decide when choosing your credit card is why you need one in the first place. Some people choose to get a credit card for cash flow purposes. With a credit card, you can make purchases and buy things, leaving your paycheck or other source of income in your bank account to draw interest. This way, your money will continue to grow while you continue to buy the things you need. Then at the end of the month, simply pay your bill.
Others will choose to get a credit card and use it for instant cash purposes. This way, they can use their credit card at an ATM and get instant cash, which is great for travel or going on a long and extended vacation. If this is why you want a credit card, you should look for one that has the lowest rate possible for instant cash transactions.
With a credit card, youāll also need to think about the payments. Youāll need to decide if you want to pay the balance in full each month, or only the required amount.
When you select your credit card, you should look at the introductory rates, balance transfer rates, and other offers that may apply to new credit cards and new holders. Some will offer you truly amazing deals, especially if you have good credit.
Another important area to look at when choosing your credit card is the incentives. There are several cards out there that will give you incentives, such as reward points and even cash back with purchases that you can use towards paying back what you owe. There are several incentives out there with credit cards, all you have to do is look around and compare.
The key area youāll need to look at and compare is the APR (Annual Percentage Rate). The APR is what you will pay on what you purchase when the incentive period runs out. APR rates will vary among credit cards, so it is always in your best interest to compare and shop around. The lower APR rate you get, the better off youāll be.
Another concern with choosing your credit card is the minimum payment amount. Most minimum payment balances will start around 3%, although some can be lower while others tend to be quite a bit higher. The interest free period is a concern as well, as you will obviously want to choose the longest period that you can keep the payments down.
When you make that final decision and choose your credit card, you should always make sure that you know exactly what you are getting. Credit cards are great to have, although they can lead to a downfall if you donāt choose them carefully. If you put some time and research into choosing your credit card, youāll find the best one for you. As long as you take care of your credit card and pay the bill on time, youāll help raise your credit and eventually be able to purchase even bigger things ā such as a car or even a house.
