What is Revolving Credit and How Does it Work?
Updated on Thursday, October 1st, 2026 |
Revolving credit is a type of credit that includes credit cards and other lines of credit. With revolving credit, you can borrow up to a predetermined limit, repay it, and borrow again as needed. Revolving credit is different from instalment credit. With instalment credit, you borrow a set amount and pay it back in fixed…
Read moreHow Does Credit Card Balance Transfer Affect Your Credit Score?
Updated on Thursday, September 24th, 2026 |
If you are struggling to clear your credit card dues, you can consider the ‘balance transfer facility’. It is the process by which you can shift the pending balance from one credit card to another. Balance transfers on credit cardscan help manage your credit card debt. However, knowing the effect they can have on your…
Read moreWhat is Credit Card Delinquency?
Updated on Thursday, October 1st, 2026 |
When you sign up for a credit card, you agree to pay back the money you owe. The card-issuing bank funds your credit card spending. Hence, you are responsible for paying them back what you owe on time. If you fail to pay the minimum amount due on your credit card by the due date,…
Read moreChargeback Meaning: Filing Process & Real-World Scenarios
Updated on Wednesday, October 21st, 2026 |
Key point summary: A chargeback is a formal request made through your card issuer to dispute a transaction. It can help in cases such as an unauthorised payment, duplicate charge or goods not received. It is different from a refund, which is processed directly by the merchant. Keep all relevant proof and report an unauthorised…
Read moreWhat to do When You Receive an Incorrect Credit Card Bill?
Updated on Tuesday, October 6th, 2026 |
Receiving an incorrect credit card bill can be stressful. You may notice a transaction you had not carried out or a charge you did not make. It impacts the amount you owe to the bank. Hence, it is crucial to correct the mistake by flagging any incorrect credit card transaction shown in the bill immediately….
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