What is credit ? ???? By Wise Chanakya
What exactly is Credit ?
In simple terms Credit means the provision of money, goods, or services with the expectation of future payment. The most common way to get credit today is via Credit Cards. |
How do you get a Credit Card ?
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Check if you can afford a credit card or not (Only if Yes, Continue)
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Search for various Credit Cards offered by your Bank
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Compare cards from other banks with your bank’s credit card
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Check all the requirements, fees, charges, Rate of Interest along with various important information needed to apply for a credit card. You can read more about it from here.
What is Credit Score & it's importance ?
Credit or CIBIL Score in India is a Scale which helps institution measure your credibility, track record and paying capacity along with spending and repaying habits. It’s extremely important to have a High CIBIL score as it allows you to get access to better Credit with more competitive terms and larger sums of credit.
Want to know ?
a) How to Increase your credit score ?
b) How to avoid Credit Risk ?
c) What is your credit limit ?
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