Decode Finance
Akash Sethi
An SBI credit card is issued by SBI Card, a separate company promoted by the State Bank of India. It offers cards for cashback, online shopping, fuel, travel, and premium spending, with annual fees from nil to ₹9,999. The interest rate is 3.75% a month on unpaid balances, and you get 20 to 50 interest-free … Read more
A credit card billing cycle is the period, usually about a month, in which your bank records everything you spend on the card. At the end of it, the bank adds up those purchases and sends you one bill, called a statement. You then get a few weeks to pay. Three dates run the whole … Read more
So, how does a credit card work? Your bank gives you a credit limit. When you buy something with the card, the bank pays the shop for you. All your purchases for the month are added to one bill, called a statement. If you pay the full bill by the due date, you pay no … Read more
If you want to know how to use credit card to improve CIBIL score, the answer comes down to a few habits: pay every bill on time, pay the full amount, use only a small part of your limit, keep old cards open, and don’t apply for many cards at once. The card doesn’t raise … Read more
If you want to know how to use credit card the right way, the short answer is this: spend only what you can repay from your next salary, pay the full bill before the due date, keep your usage well below your limit, and avoid taking cash on the card. Do these four things and … Read more
India me har mahine salary ka aana aur kuch hi dino me khatam ho jana, ye problem almost har working person face karta hai. 10–15 din ke andar hi account balance kam dikhne lagta hai. Isi situation me 50/30/20 rule kya hai ye samajhna important ho jata hai, kyunki ye aapko batata hai ki is … Read more
50/30/20 rule kaise apply kare ye tab important lagta hai jab mahine ke last me account khaali ho jata hai aur samajh hi nahi aata paisa gaya kahan. Kabhi bill aa jata hai, kabhi random kharcha, aur end me bas ye lagta hai ki budget banana chahiye tha, par kaise? ye clear nahi hota. Isi … Read more
50/30/20 Rule suru me thoda technical lag sakta hai, lekin yah bahut hi saral or aasan hain. Yah rule aapke paise ko manage karne ka ek aasan tarika hain. Aapko apni salary milati hain or aap use kharach kar dete hain, Kabhi ₹500–₹1000 ke chhote-chhote kharche notice hi nahi hote aur dheere-dheere pura mahina nikal … Read more
Salary wale din ki khushi sirf 2-3 din hi rehti hai, uske baad shuru hota hai “kharchon ka mela.” aur mahine ke end tak aate-aate hum wahi purane sawal par atak jaate hain: Salary se paise kaise bachaye? Ye problem sirf aapki ya meri nahi hai, balki har us insaan ki hai jo mehnat se … Read more
The minimum due in credit card is the smallest amount you must pay by the due date to avoid a late fee. It’s also called the minimum amount due (MAD). Paying it keeps your account in good standing, but interest is still charged on the rest of your bill. Your statement shows two numbers side … Read more