Benefits of Having an Excellent Credit Score

All of us have credit. Some of us have loans, some of us have credit cards, and then there are those us who have both. Banks provide credit cards and loans based on multiple factors, one of them being your credit score. The truth, however, is that even if you…

Choosing a Credit Card With Right Rewards

Besides the regular benefits offered by credit cards like the revolving credit, cash withdrawal facility, etc., the rewards add value by providing additional privileges.   Choosing a credit card with right benefits is important because not all the rewards offered on the card are suitable for everyone.   For instance, if you travel a lot and…

annual percentage rate

What is APR and how does it work on my credit card?

You’ve probably heard the term ‘APR’ used in the personal finance world. But what does it mean for you and more importantly, how does it affect the expenses on your credit card?  Let’s start with what APR stands for, which is an annual percentage rate. This is nothing but the cost of borrowing…