Paying School Fees via Credit Card: Why Banks Add Extra Charges and How to Reduce Costs

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Summary School fee payments made through a credit card can include a convenience or processing fee charged by the school or payment platform. They may also earn fewer or no rewards because many cards exclude education transactions. Use a card only when the fee is low, rewards are eligible and you can pay the entire…

Debt-to-Income Ratio vs Debt-to-Credit Ratio

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Summary These ratios measure different things. Debt-to-income compares your monthly loan and EMI payments with your income for example, ₹30,000 of repayments on an ₹80,000 income equals 37.5%. Debt-to-credit compares credit card balances with available limits. The first measures repayment capacity; the second measures credit usage. When evaluating a person’s creditworthiness, lenders rely on several…

Credit Card APR vs EMI Interest: Which Option Actually Costs You Less in India?

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Summary Credit card APR is the yearly cost of carrying an unpaid balance. For example, a 3.5% monthly rate works out to roughly 42% a year before other charges. EMI breaks a large purchase into fixed monthly payments, but processing fees, GST and longer tenures can increase the total cost. Paying the full bill by…

Credit Card Bill Payment with Cheque: A Complete Guide

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Summary A credit card bill can be paid by cheque if the issuer supports it, but the payment counts only after the cheque clears. Write the correct payee details and card number, use an authorised drop box or branch and submit it several working days before the due date. Online payment is usually faster and…