What is interest free period(a grace period) for a credit card?

A grace period A period of time between the end of a billing cycle and the due date of your payment is called grace period.During this time, you don’t charged any interest, if you pay your balance in full by the due date. Companies are not required to give a grace period. However, most credit … Continue reading What is interest free period(a grace period) for a credit card?

Interest on credit card, how to calculate?

Credit card interest rate is the rate charged by card provider on the borrowed amount. However, the interest charges are applicable only to those cardholders who don’t pay their outstanding in full.

What is Annual Percentage Rate (APR)? And how it works?

Annual Percentage Rate (APR)- It is basically the interest rate (for borrowing money) for a whole year not for just a month, as applied on a loan, mortgage loan, credit card, etc. Understand, what an APR is and how it’s calculated and applied can help you make more confident about credit card decisions. Credit Card … Continue reading What is Annual Percentage Rate (APR)? And how it works?

How to choose the right Credit Card?

Choosing best Credit Card

Choosing the right credit card can help you to become financially fit. Credit card must fit to your lifestyle. So first and foremost, you need to Understand your requirements because, each Credit Card comes with its own set of unique benefits. There are various parameters in order to decide the best Credit Card for you. Some of the parameters, you have to take into consideration are.