In a credit card monthly statement, you will see two amounts due. One is the minimum amount due (MAD), and the second is the total amount due (TAD). While making the monthly bill payment, the bank ...

Navigating credit card statements sometimes becomes a little complicated, especially for new users. Two crucial terms that usually cause doubts are ‘unbilled amount’ and ‘outstanding balance.’ It is ...

This is an important enough reason for credit cardholders to carefully go through the terms and conditions before choosing to part-pay their bills. This is an important enough reason for credit ...

All credit card issuers ask for a minimum of 5 per cent of the outstanding amount to be paid by the due date. While making an online purchase or even while shopping, dining or doing any financial ...

Your credit utilisation ratio (CUR) is vital to your overall credit health. It is the percentage of credit you use out of the total credit limit that is available to you. You don’t incur a late ...

The interest on the outstanding amount in your credit card typically kicks in after about 21 days of credit credit-free period. Once the bill payment date is past, the interest is calculated on the ...

Paying only the minimum amount due can lead to the customer falling into the well-known credit card debt trap. Effective September 1, 2024, IDFC First Bank is reducing the minimum amount due from 5 to ...