#CreditCardOffer
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nyaalraj · 3 days ago
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💳 Get Pre-Approved for Your Dream Credit Card Today!
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No impact on your credit score
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Get the financial freedom you deserve. Apply in minutes and unlock your potential today! Get Pre-Approved Now!
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hitchzone · 4 months ago
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What happens when you go over your Credit Card Limit?
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A "credit limit" is the maximum amount of money you can borrow using your credit card. Each time you use your card for a purchase, the amount is subtracted from your available credit. You may eventually exceed this limit if you continue making purchases without paying off the balance. This is what’s commonly referred to as going "over" your credit limit.
For example, if your credit card has a limit of INR 10,000 and you spend INR 1,500, your remaining credit is INR 8,500. If you then spend more than INR 8,500, you surpass your credit limit. This then could lead to fees and negatively impacting your credit score. So, what exactly happens when you go over your credit card limit? Let’s break it down.
Declined Transactions
One of the first things you’ll notice when you exceed your credit card limit is transactions getting declined. Here’s a scenario: you’re standing at the checkout line at a store, ready to make a purchase, only to have your card rejected. It’s a frustrating and potentially embarrassing experience.
When you hit your credit card limit, your card issuer might also block further transactions to prevent you from going even deeper into debt. This safeguard is meant to protect you and the issuer, but it can be inconvenient if you rely on your card for essential purchases.
Penalties
Going over the credit card limit can also result in hefty penalties. Many issuers charge an over-limit fee, an additional cost you incur for exceeding your credit line. The fee can range from Rs. 500 to Rs. 1,000. What’s more, this fee might be charged every month that your balance remains over the limit.
The penalties don’t stop there either! Some issuers might also increase your interest rate as a result of going over your limit. This turns what was once a manageable balance into a costly debt. This penalty interest rate (sometimes referred to as the default APR) can be significantly higher than your regular rate. It’s a way for the issuer to mitigate the risk they see in lending you more than you were initially approved for.
Credit Score Impact – A Drop in Numbers
Exceeding your credit card limit can hurt your credit score in several ways. First, your credit utilization ratio – the amount of credit you are using compared to your total available credit will spike. A high credit utilization ratio signals to lenders that you may be overextended and struggle to pay your debts.
Credit scoring models, like those from CIBIL or Experian view high credit utilization as a risk factor and your score may drop as a result. This dip in your score can make it harder to secure favourable terms on future loans. You may not even get approved for new credit cards. In some cases, your over-limit status may get reported to credit bureaus and further damage your score.
Worst Case Scenario – Account Freeze or Closure
If you consistently go over your limit or if you’re unable to bring your balance back under control, your issuer might decide that you are too risky to lend to. They could freeze your account. This means you will not be able to make any new purchases until you’ve paid down your balance. Worse, they might close your account entirely. This wouldn’t just leave you without the credit line but could also harm your credit score further.
How to Recover – Paying down your Balance
If you’ve gone over your credit limit, the first thing you should do is prioritize paying down your balance. The goal here is twofold:
Open up more room on your credit line
Lower your overall credit usage
By paying off a substantial portion of your balance, you can reduce the impact on your credit score and avoid additional fees.
Start by reviewing your budget to see where you can cut back on spending. Redirect those funds toward your credit card payments. If possible, make more than the minimum payment each month. Doing so will help you pay down your balance faster and reduce the amount of interest you’ll pay over time.
Exploring Alternatives
If your credit card debt is becoming unmanageable, consider transferring your balance to a card with a lower interest rate. Balance transfer cards typically offer a low or 0% introductory interest rate for a certain period. What this does is gives you some breathing room to pay off your debt without accumulating additional interest.
However, balance transfers aren’t free. Most cards charge a fee of 3% to 5% of the amount transferred. Still, if you’re carrying a high-interest balance, the savings from the lower interest rate can outweigh the transfer fee. Just be sure to read the fine print and understand when the introductory rate will expire.
Prevention Is Better Than Cure: Tips for Avoiding Over-Limit Fees
To avoid the stress and financial strain of exceeding your credit limit, it’s essential to monitor your spending closely. Keep track of your purchases and know how much credit you have available at all times. Many credit card issuers offer tools, such as mobile apps or online portals. They allow you to check your balance in real time.
Setting up account alerts can also be helpful. You can receive notifications when you’re approaching your limit. Finally, consider opting out of over-limit protection if your card issuer offers this service. While this protection allows transactions to go through even when you’re over your limit, it also means you’ll be charged fees. For example, SBI Credit Card has a 2.5% or INR 600 (whichever is higher) over-limit fees. Opting out can help you avoid these charges because transactions will simply be declined instead.
Final Thoughts
Credit cards are great for managing your finances and building credit, but they come with the responsibility of mindful usage. Keeping your spending well below your credit limit is significant to avoiding over-limit fees and protecting your credit score. By staying aware of your credit limit and maintaining a low balance, you can better manage your finances and avoid potential drawbacks. Always aim to make your payments on time and in full to be clear of debt.
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nashtech · 5 months ago
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Unlock Your Rewards with the Group One Freedom Card!
🌟 $750 Credit Offer 🎉 Amazing Cashbacks on Every Purchase
Discover the benefits today ! Don’t miss out – apply now and start earning rewards with every swipe. [Click here to apply] and learn more! https://tinyurl.com/5ykr6bha
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freecreditcardapply · 1 year ago
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https://freecreditcardapply.in/
In a massive sea of credit card offers, finding the perfect one for your needs can be an overwhelming task. To save you time and effort, our experienced team diligently researches the market to present to you the best credit card offers. With our expertise, you can now apply for a credit card with confidence and ease. We will guide you through the process of finding the ideal card for you and highlight the benefits of our free credit card apply service. Let’s dive in!
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financethiing · 1 year ago
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Unlocking the Perks of Bajaj Finance Credit Cards in Hindi
Hey Tumblr fam,
If you're on the lookout for insights into the benefits of Bajaj Finance credit cards in Hindi, you've landed in the right place! 🇮🇳💳
I recently delved into the world of Bajaj Finance credit cards and discovered a treasure trove of advantages that can truly enhance your financial journey.
To get the full scoop on these benefits, I've put together an informative post: Bajaj Finance Card Benefits in Hindi - Bajaj Finance Credit Card. In it, you'll find all the details you need to make the most of your card and maximize its advantages.
Whether you're curious, looking for financial tips, or eager to share your own experiences, join the conversation! Let's explore the perks of Bajaj Finance credit cards together. 💰✨
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lyricscopypaste · 2 years ago
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Discover the HDFC Millennia Credit Card Lounge Access List and unlock exclusive benefits. Read reviews, explore the benefits, and apply online for 2023.
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justapi · 2 years ago
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123designsrq · 5 years ago
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SHOPIFY CHIP & SWIPE CREDIT CARD READER
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Regardless of whether you utilize the Shopify chip and card swipe reader and it is in your "on-the-go mobile" reason to purchase a solution. You can integrate it together with your permanent retail setup, this mobile card readers gives you an adaptable, reliable and secure POS experience. What is it? The Chip & Swipe Readers is pocket-sized, wireless, and has a base to relax on the counter top. It is a good choice should you frequently sell in various locations, or maybe you are just getting began with accepting card payments inside a store. You may also make use of the Chip & Swipe Readers alongside another card readers like a cost-effective backup when you are travelling or during busy selling periods. The Chip & Swipe readers can be obtained only if you're within the U.S. If you wish to make use of a card readers with Shopify POS however, you aren't within the United States, you will want to simply accept payments having a supported exterior card readers. The Chip & Swipe Readers includes two mounting stickers, that can be used to connect it to a different device (like the back of the mobile phone or tablet) or perhaps a smooth flat working surface. Should you remove your Chip & Swipe Readers unconditionally, then your mounting sticker could be easily wiped neat and re-used. Clean the mounting surface and also the Chip & Swipe Readers before attaching the mounting sticker to make sure a powerful bond. Compliance The Shopify Chip & Swipe Readers is definitely an EMV-compliant charge card readers that connects wirelessly for your iPad, iPhone, or Android device. Customers can insert or swipe their card, after which sign on screen of the POS device. To mount the Chip & Swipe Readers: Take away the protective film in one side from the mounting sticker. Attach the mounting sticker to the rear of the Chip & Swipe Readers (along side it without any emblem). Take away the remaining protective film in the mounting sticker. Press the sticker side from the Chip & Swipe Readers from the mounting surface and hold for several seconds. Read the full article
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peterlaskaris · 6 years ago
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..burgerisieren mit #myPOS 🍔💳🍔 . #Creditcard #creditcardtips #creditcardpromotion #creditcardstatement #creditcardmillionair #creditcardcompany #creditcardcompanies #creditcardacceptance #creditcardbills #creditcardoffer #creditcardperks #creditcardprocessing #creditcarddebt #creditcard #creditcardsprocessing #creditcardwallet #creditcardrewards #creditcardholder #creditcardpoints #creditcardknife #creditcardsaccepted #creditcardoffers #creditcardteam #creditcardproblems #creditcardprotection #creditcardwasted #creditcardsales #creditcardissues (hier: P11 Events) https://www.instagram.com/p/Bs_BXjcBpA4/?utm_source=ig_tumblr_share&igshid=qait0od1xfor
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soulwallet · 5 years ago
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How to get the best dining deals out of cashback credit cards?
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The more you spend, the more you save! Unbelievable yet holds true and here is how you do that if you are smart enough. Enter Cashback.
Cashback is an offering from Credit Card companies that rewards you instantly for making purchases.
How does it work?
Cashback credit cards benefit the user by paying a percentage of the purchase you make. Not just purchases, using them in your favorite hotels, restaurants or any other experience centers in UAE can also save you some dirhams. So, the next time, you are swiping your card in a restaurant or purchasing the latest mobile phone, look out for the exciting cashback offers and maximize it.
Lookout before you Swipe!
Though it is exciting and absolutely fantastic to get some hard earned money back do note a few pointers that needs a closer look before you swipe.
Like any credit card, these credit cards are entitled with pre-determined limits which many people fail to notice. It is for the simple fact that these are in fine print and easy to ignore or miss out.
If you are a frequent visitor to restaurants, here are some credit cards that offer the best dining deals which could save you from spending more.
Citi Cashback Card:
With a minimum salary of AED 8000, you can avail this card which can provide a lot of cashback benefits while dining at your favorite restaurants. You can enjoy up to 20% discount at over 400+ dining outlets in the UAE. The redemption is automatic as well. No calls, no emails!
Dunia Finance Platinum Credit Card:
The minimum salary requirement is the same as that of the Citi Cashback Card. But Dunia finance offers free Zomato Gold Annual Membership when you opt for this credit card. It also offers hundreds of Buy 1 Get 1 (BOGO) offers from MasterCard throughout the Middle East and Africa.
Najm One Cashback Card:
This cash back credit card from Majid Al Futtaim Finance offers a lot of discounts on dining and entertainment. With this card, you can avail up to 30% discount at selected restaurants. They also make payments easy by providing card-less solutions i.e., Samsung pay.
CBD Visa Infinity Card:
The Commercial Bank of Dubai offers great deals on dining with this visa card. It has great dining privileges which include Dragon Pass, the World’s 1st all-in-one Digital Airport platform which lets people enjoy food at restaurants within the Airport. In addition to this, dining discounts in Premium Hotels in UAE can also be availed with this card.
Standard Chartered Platinum Credit Card:
The Platinum credit card from Standard Chartered lets people enjoy a wide variety of offers that includes offers up to 50% in popular cafes and restaurants. To be even more specific, it offers a Buy 1 Get 1 offer (BOGO) at all outlets of Costa Coffee.
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kukujain · 4 years ago
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Looking for Citi bank Credit Cards in UAE? Compare from the best Citi bank Credit Cards offers online with ✓Competitive Interest Rate ✓Cashback offers ✓Reward Features ✓Best Discounts ✓Attractive Deals and many more. Apply now!
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scottneha01 · 4 years ago
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ICICI Bank provides the latest money saving Credit Card offers & deals from popular brands. Visit ICICI Bank Offer Zone for more exciting offers & coupons from various categories. Visit https://www.icicibank.com/offers/categories/credit-card.page?ITM=nli_cms_CC_credit_card_offers_menu_navigation
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lyricscopypaste · 2 years ago
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Get the best flight booking offers and exclusive benefits with HDFC Bank SmartBuy Infinia. Apply now to enjoy incredible deals in 2023.
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justapi · 2 years ago
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Business Opportunity you never seen before! Offer Available ! Buy ID
#creditcarddebt#creditcardapply#creditcardoffer#NSDL#nsdlpancard#nsdlbank#visaapply#comission#rechargeapi#rechargeportal#billpayment#moneytransfer
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ceylon-offers · 4 years ago
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Find your tranquility with Hotel Sudu Araliya Polonnaruwa. 50% Discount on all rates. . . Stay & Pay | No pre-payment needed . #anydebitcard 💳 #anycreditcard 💳 or #cash 💵. . Stays valid up to : 30th November 2020 . Call : 0713341686 | Email : [email protected] . 🤙 ➡️ 📱 ➡️ 🏨 ➡️ 📝➡️🧳🧳➡️🚗➡️🛌🛀☺️😌 . . . #polonnaruwa #suduaraliya #hotelsuduaraliya #lowestrates #getaways #araliyahotels #homearaliya #hotelhideaway #hotelgoals #hoteloffers #hotelofferssrilanka #cardoffers #creditcardoffers #debitcardoffers #araliyaoffers #visitsrilanka #visitnuwaraeliya #visitaraliya #lovesrilanka #travellife #srilankacardoffers #treatyourself #instaaraliya (at Araliya Resorts & Spas) https://www.instagram.com/p/CDwXdefByjp/?igshid=jmdlgixckkv5
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thespecialstories · 5 years ago
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There are many leverages of credit cards if you are analytical with your spending, pay your card balance off completely every month and know how credit cards work. know its benefits ... 💳 Link in bio . . #creditcards #creditcardrewards #creditcardpayments #creditcardoffers #creditcardbenefits #creditcardtips #creditcardinfo #creditcard #creditcardholder #creditcardpoints #creditcard #creditcardwallet #benefits #howtouse #creditispower #creditqueen #instagood #inatagram #instadaily #instablog #blog #blogging #bloggers #blogpost #thespecialstories (at Credit Cards) https://www.instagram.com/p/CAZlsb8jlN8/?igshid=1r1q4zandjh5p
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