The interest rate on a credit card is the rate charged by the banks on the amount borrowed by the credit cardholder. The interest charges are applicable only to those cardholders who don’t pay their outstanding in full. Here is a list of the best low-interest credit cards in India.
Getting a credit card limit increase may be a matter of personal preference as much as a need. If you are a responsible spender and know how to handle your finances effectively, increasing your credit limit may help you deal with your financial difficulties. Otherwise, you risk accruing a lot of debt and jeopardising your money and credit score.
