Information regarding credit cards

7 Ways to Enhance Benefits of Your HDFC Credit Card

HDFC Bank is one of the most reputed and trustworthy financial institutions in India. It offers a wide range of financial products for its customers, including and not limited to bank accounts, Personal Loans, Car Loans, Business Loans, Investment Schemes, and Insurance Plans.
Click on this link to know about hdfc:- http://www.apsense.com/article/7-reasons-why-you-should-get-an-hdfc-bank-credit-card.html
Out of the diverse product portfolio of HDFC Bank, one of the most popular products is the wide range of Credit Cards offered by the bank. You can choose from the various Credit Cards offered by HDFC, depending on your spending patterns and lifestyle requirements. Moreover, the application process is extremely easy as you can submit your application through the bank website or mobile app with a few taps.
Click here to know more about hdfc
How to make most of your HDFC Credit Card?
1. Pay entire dues on time
2. Redeem the reward points before they expire
3. Maintain a good repayment record
4. Use at select outlets
5. Identify transactions that offer more reward points
6. Time your purchases
7. Spend more than the specified threshold

How To Choose the Right Credit Card

Credit cards have become a popular and convenient mode to make payments for goods and services. A credit card can help you to improve your credit score if you spend wisely and make your full payment before the due date. You can also enjoy great discounts, cash-back, and good deals that are often on offer. One can also use credit cards to buy expensive items/ white goods on EMIs (equated monthly installments. One can also use credit cards in emergency situations when one needs money urgently. Credit cards offer an interest-free period of up to 45 days and are useful for hassle-free transactions online and offline.
Click on this link:- https://www.provenexpert.com/de-de/card-insider/
What Is Your Lifestyle?
Credit cards are not just a convenient financial mode of payment but also a lifestyle accessory. In order to make the most of a credit card, you need to opt for the right card which suits your spending pattern, lifestyle, and needs. Many banks offer credit cards that are tailored for diverse lifestyle needs. Choose a credit card that suits your lifestyle and offers you maximum rewards.
Click here to get more information.

Axis Magnus Credit Card

Axis Bank had launched the Axis Magnus credit card sometime in 2019 and it remained a mediocre card back then. However, recent changes that Axis has done with the Magnus credit card’s benefits and simultaneous devaluation of the HDFC Infinia and DCB has made Axis Magnus a very good card to hold. In this article, I will list down my views on the Axis Magnus credit card and a comparison with HDFC Infinia and DCB, to see if Magnus is really better than Infinia/DCB.
Click on this link to get to know more about credit cards: https://pin.it/63UGmlQ
My views on Axis Magnus credit card
The Axis Magnus credit card has been in existence since 2019. However, given the low reward rate of 1.2%, high annual fee (10K) and very high fee waiver threshold (15Lakhs) the card remained very mediocre. However, Axis Bank has made some changes in the reward program making the card quite interesting. The changes are
Monthly Milestone Benefits: 25,000 RPs worth INR5,000 on monthly spending of INR1Lakh (i.e. 5% reward rate). This one change alone increases the reward rate on the card from 1.2% to 6.2%. Only wallet spends are excluded in the calculations.
Accelerated Reward Rate: 5x reward points (i.e. 60 RPs) on every INR200 spent on travel spending via Travel Edge (6% reward rate). Thru its Travel Edge portal, travel bookings will earn a 6% reward rate
International lounge access: Unlimited international lounge access via Priority Pass for the primary cardholder.
Click here to know about credit cards

pros and cons of using a credit card

while credit cards are a convenience to own, you must steer clear of the potential debt trap they may lead you to.
credit cards can be quite handy if you learn how to handle ‘free money. however, it can be detrimental if you misuse the card or lack sufficient knowledge about its usage. if you are looking to apply for a credit card, reflect on the pros and cons so that you are well informed about your decision.
here is a list of the pros and cons that will help you get absolute clarity on the positive features and the pitfalls that you can steer clear of, for a smooth experience.
Click here to get information about credit cards.
pros of using a credit card
build credit history
flexible credit
repay borrowed money in installments
earn rewards and benefits
provides emergency funding
EMI facility
purchase protection
Click on the links:- https://cardinsider.livejournal.com/744.html
cons of using a credit card
damages credit history when misused
tempts you to spend more than you can afford
minimum payment trap
hidden fees and charges
credit card fraud
high-interest rate
overuse of credit card

5 Tips to boost your credit score in no time

5 Tips to boost your credit score in no time
1. close any unused credit cards
an open credit card that is not being used may harm your credit score in the long run. besides, you don’t even need more than two credit cards, as the more the number of cards, the more statements you will get, leading to confusion and potential mismanagement.
Click here to know about the credit cards score.
2. consolidate your debts
to build your credit score, it is vital to reduce your debts. however, it often gets challenging to keep up with multiple repayments, leading to stress and missed payments.
3. lower your debt-to-income ratio
debt-to-income ratio is a simple but important concept to get your credit score on track. it can be explained as the ratio of your total debts vis-à-vis your overall income. thus, a higher debt-to-income ratio indicates a higher level of debt, which also means a lower credit score.
4. increase your credit limit
if your credit card company wishes to increase your credit card limit, embrace it joyfully as a higher credit limit reduces your credit utilization without any effort on your part. besides, a higher credit limit is handy for emergencies unless you cannot control your urge to splurge, in which case a lower credit limit may be better for you.
5. review your credit report regularly
every credit bureau in India, including CIBIL, must provide a free credit score and report to individuals once every year. this means you can download your credit report annually and review it for any incorrect listings, free of cost.
Click on this link to know more:- https://in.pinterest.com/pin/1099441327792063294/

How to get on the same page about money with your spouse?

Money is the key to a happy life. Many couples get into conflicts because of money. When you and your partner have financial differences then every day is going to be stressful, so there is always a need to align with your spouse in money matters.
Click here to get more updates about credit cards.
It sometimes can lead to unexpected endings leading to breakups or divorce, it still will be stressful if you are not on the same page, so being on the same page will help you live a stress-free life and fill happy colors in your marriage life, and also build up a healthy relationship.
Set a common platform
Keep Your Pride Aside
Create a Personal Budget and Freedom to Use it
Maintain Common Savings Goals
Couples should be transparent to each other
Click on this link:- https://www.behance.net/gallery/135786957/Free-Domestic-Airport-Lounge-Access-in-India

What is IFSC Code?

IFSC Code is a unique 11-digit alphanumerical code that is assigned by Reserve Bank of India or RBI to each bank branch respectively to participate and to monitor online fund transfer of money. You might have been come across to use the IFSC Code especially while the online transfer of money by National Electronic Fund Transfer or NEFT, Real Time Gross Settlement or RTGS and Immediate Payment System or IMPS, these cannot be made possible without valid IFSC Code.
If you have questions about credit cards then click on this link.
What are the Features of IFSC Code?
Easy and convenient online transfer of funds through NEFT, RTGS and IMPS.
Monitored online transactions.
Has unique identification codes that avoids confusions.
Secure transactions and eliminating errors of any fraudulent activities during online money transfers.
Click on this link to know more:- https://jpst.it/2JRih
What is the format of IFSC Code?
The IFSC Code has 11 characters.
First 4 characters of the code represents bank code.
5th character is a ZERO (0)
The remaining 6 characters are bank branch code.
What is the Significance of IFSC Code?
As it is a unique code helps to avoid errors and makes easy transactions.
Saves time, customers need not to visit the bank for fund transfer, with this code fund transfer can be easily done via online.
It is completely secured as it is monitored by RBI.
What is the process to use IFSC Code?
• For Electronic Fund Transfer by providing beneficiary bank account number, branch name of the bank and IFSC Code. • For making Credit Card Bill Payment, by using IFSC the bill payments can be made via tablets, mobile phones, laptops, etc.

How Investing in NPS Can Help You Save Tax

The NPS (National Pension System) is another best financial investment product that not only helps you save your tax go but also the individual can save for their retirement. But if the individual is planning to save in NPS to save on tax, there are some steps that must be followed to gain tax-saving benefits.
Click here to get information about rewards Credit cards and many more.
How to benefit from tax saving under NPS
While investing in NPS the individual can benefit from tax-saving under 3 sections of the income tax act, 1961
Section 80CCD (1)
Section 80CCD (2)
Section 80CCD (1b)
Section 80CCS (1)
This section is available for the individual who performs self-contribution to the NPS Tier-1 account. At present, an individual can claim a tax benefit of up to 1.5 lakh per financial year. There is no limit for the individual to invest in a Tier-1 NPS account, but the individual can claim for the tax benefit of up to Rs1.5 lakh.
Section 80CCD (1)
The tax deduction comes under the overall limit of Section of 80C income tax, that means if the individual who has already claimed for tax deduction under 80C section cannot claim deduction under this section simultaneously in 80CCC and 80CCD.
Section 80CCD (2)
Tax benefit under 80CCD (2), can be claimed by the individual when the individual is deposited on behalf in the NPS Tier-1 account. As per the IT laws, an individual can deposit up to 10% salary into his or her NPS account. Under this section, the depositor has no limit to deposit in the account unless the limit does not breach the 10% limit the individual is free to deposit. The tax deductions under this act 80CCD (2) are above section 80CCD (1).
Section 80CCD (1b)
Under this section, individuals can claim for tax deduction up to Rs 50,000 per financial year. Apart from the above-mentioned tax saving sections. This deduction was introduced in the year 2015-16. This tax deduction of 50,000 is an additional tax break over the tax deduction under sections of 80CCD (1) and 80CCD (2) the tax deduction can be claimed to deduct from the gross total income before computing the tax liability.
Click on this link to get info. about rewards credit cards:- https://www.flickr.com/photos/193870647@N08/51832289777/in/dateposted-public/

Tax Saving Investments

Tax saving investments are an essential element of everyone's life, these plans help in tax deduction under section 80C or 80CCC.Though these investment plans offer tax deduction many still don't prefer to invest due to lack of proper knowledge or the lower returns that they get for their invested amount and fear of the risk that comes with various investments.
Click here for more info about credit cards:- https://visual.ly/community/Infographics/economy/best-travel-credit-cards-india
Normally tax savings session begins from the 1st of April for both the salaried and non-salaried taxpayers. To make the best out of these tax savings look for both tax exemption and to earn tax-free income. In today's lifestyle, there are many ways to save taxes and to save maximum as possible.
Tax savings should be in such a way that it should give you good returns at the end and help you reduce tax. Before choosing the tax-savings investment plans or schemes check for components like the safety, returns, liquidity, terms and check how the return will be taxed.
As per the Online Income Tax under section 80C, the investor is eligible for tax exemption up to the limit of Rs 1,50,000/-. The tax savings investments include ELSS, FD's, LIC, PPF, NSS, and bonds.
For more information about credit cards click here

Term Insurance & its Advantages

A term insurance plan helps secure your family financially in case you die during the policy term. Besides, the tax benefits on offer would help raise your in-hand salary. Flexibility in term insurance payment offers, affordable premiums only make your term insurance journey rewarding. Check out this post below and know about term insurance & its advantages below.
Click here for more details about credit cards.
What is Term Insurance?
Term insurance is a contract between the policyholder and the insurance company where the latter agrees to pay a handsome amount should the latter die during the policy term.
What are the Advantages of Term Insurance?
The following are the benefits that a term insurance policy provides you –
Affordable Premium
High Sum Assured
Easy to Understand
Multiple Payout Options for the Beneficiary
Additional Rider Options to Strengthen the Term Insurance Policy
Income Tax Benefits
Critical Illness Coverage
Accidental Death Benefit Coverage
Return of Premium Option
Click on this link for more info about credit cards:- https://www.flickr.com/photos/193870647@N08/51787052893/in/dateposted-public/