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Cash Advance Fees

When you use your credit card to withdraw cash from an ATM, you will be charged a cash advance fee. These fees can be quite steep, usually around 2.5% of the transaction amount with a minimum fee of approximately Rs.100. It is important to use this feature wisely, as the interest rate for cash advances can be as high as 38%.

Add-On Card

An add-on card, as its name implies, is an exclusive feature available to the spouse, parents or children of the primary credit card holder. The cost of an add-on card range...

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Secured card

A secured card is a form of credit card where the cardholder pledges their Savings deposit as a guarantee for payment to the bank. This type of card is often utilized by ind...

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Air Miles

"Let's discuss a common term in the world of finance - Miles. You may have heard of them as a reward for using credit cards. Miles, short for 'airline miles', are accumulate...

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Annual Percentage Rate (APR)

Greetings, class. Today, we will be discussing an important concept in the world of finance: the annual percentage rate, or APR. This is the interest rate that is charged to...

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