Akhil's Blog

International travel is always thrilling. But if you don’t use the correct credit cards for your foreign transactions, it may get extremely pricey. The majority of credit cards charge a unique form of transaction which is a Foreign Currency Markup Fee, which varies between 3.5% + GST and represents about 4% of the real spend value. In India, SBI is the largest commercial bank that provides a wide range of credit cards to fit various consumers. Here are some of the best SBI credit cards which have low markup fees, and also provide users reward points for each purchase. Features and Benefits of the Top SBI credit cards for International Usage. 1.     Air India SBI Signature Card If you frequently fly with Air India then this SBI Credit card is the best option for you. The card comes with a welcome bonus of 5000 Reward Points that can be easily exchanged into Air India miles at the rate of 1 reward point = 1 Air India Miles. Card also offers complimentary membership t...

Your credit card balance includes more than the money you owe to the company that issued your card. Your credit score and ability to get a loan or new credit card are affected by the balances on your credit cards. As your credit score gets changed along with the credit card amount, then it is reported to the credit card agencies. Basics of Credit Score Your credit score functions as a grade that measures your creditworthiness at a given period. There are several methods you may get your credit score, most of which are cost-free. Your credit history, which includes any loan, credit card, and other financial accounts shown on your credit report, is determined by your credit score. Each factor is given several weightings which are used to calculate your credit score . These significant criteria affect your credit score, and their importance is indicated as a percentage. ●        The proportion of payment history is 35%, ●     ...

Some credit cards are exclusively used to enjoy a wealthy lifestyle and amazing discounts. They not only help you to enjoy credit limits but also allow you to make use of cashback and discounts. Bank of Baroda (BoB) Eterna Credit Card is one such credit card that has a lot of interesting discounts and benefits. You’ll receive travel advantages and have a wonderful eating experience. Additionally, you can get exclusive discounts on clothing and movie tickets. However, you must remember the cost and requirements to apply for this card. Let's look at the special features and advantages of this credit card and see how they can help you reduce some of your spendings while using it. Benefits and Features of the Eterna Credit Card Here are the special features of the BoB Eterna Credit card that you must learn about before acquiring one. You must review the deals and offers that are currently being offered on this credit card. Welcome Benefit: ●        As ...

When it comes to making a purchase or paying a bill, credit cards may provide both ease and the opportunity to save money if you earn back some of what you invest in rewards. At the same time, credit cards may be used to improve credit history through good financial practices. Thus, if you’re new to using credit cards then there are a few things you should know about credit cards. What is a Credit Card? A Credit Card is a physical card that can be utilized to buy things, pay payments, or withdraw cash depending on the card. It can also be thought of as a short-term loan. When you create a credit card account, your credit card provider sets a credit limit for you. This is just the amount of money you are allowed to spend or pay bills with on your credit card. As you purchase things with the card, your available credit decreases. Then you have to repay the amount that you have spent from your credit limit to your credit card provider.  Note: Credit cards are classified as either prot...

Introduction There are various credit card options available in the market these days. Consider thinking of what and how you’ll use it, then search around to get the one that best meets your requirements. A credit card is one of the most valued products since it is known to provide convenience, perks, and financial support. Selecting the best credit card is important if you want to get benefits. Here is the list of everything you need to know before choosing a credit card. Checklist for best credit cards Here is a brief explanation of what each of the items on your credit card checklist means and how it will help you to choose the best credit card for yourself. Annual Percentage Rate (APR) If you don’t pay off the entire amount, you’ll have to pay an annual percentage rate (APR) or interest rate on the remaining outstanding balance. If you pay less than the whole debt then interest will be imposed on the amount left. The following are some important points that you need to kno...

  Introduction Earning credit card reward points is simple if you know the tricks. Every credit card business will provide a reward program scheme to differentiate itself from its rivals and, of course, attract more customers. As a result, for every rupee that you spend, you will earn reward points that can be redeemed against several exciting options. Getting something for nothing is not harmful. Remember that every credit card purchase contains a reward value. To make sure that you can maximize the reward plan, here are some suggestions to make a note of: Apply at the appropriate time: Learn when to use and when not to use the card after you have selected it based on your needs. The majority of individuals might not be aware that there is a good and a wrong time to apply for credit cards that provide reward points. Be aware that the majority of credit card issuers (who provide a reward program) will publish a limited promotion period when the points for signing up are hi...