Want to apply for add-on cards? Here are the pros and cons

Add-on or supplementary credit cards are additional cards issued against primary credit cards for your parents, spouse, children (above 18 years) and siblings. Its features and benefits are similar to those of primary credit card. However, like most financial instruments, add-on credit cards comes with its share of pros and cons.

Let’s first look at some of the benefits associated with availing add-on credit cards:  Continue reading

Five signs that you are using credit cards the wrong way

The role credit cards play in your life depends entirely on how you use them. If used smartly in a disciplined manner, they can provide a wide range of benefits and even bail you out of financial exigency. On the other hand, sloppy usage can at worse land you into a debt trap along with hefty charges and penalties.

Explained below are some crucial signs that you are using credit cards the wrong way:
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