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Credit Cards

International Card

As a knowledgeable professor in finance, it is important to understand the concept of an International Card and its benefits. This type of card allows you to use it abroad, where you can spend in the local currency and later settle the dues in Indian rupees. It is subject to a pre-determined credit limit and follows the guidelines set by the Reserve Bank of India for Basic Travel Quota (BTQ) expenses.

Introductory/Intro Rate

A credit card's introductory rate, often referred to as a teaser rate, is a lower interest rate offered by the bank during the card's initial launch period. This is primaril...

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Balance Transfer

Balance transfer is a term used in the financial world to describe the process of transferring unpaid credit card dues from one issuer to another. This practice is commonly ...

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Revolver

A common term used by banks to describe card holders who carry over a portion of their credit card balance to the following month is "revolver". It is believed that approxim...

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Service Fee

Credit card issuers typically charge a fee for various services such as cash advances and teledrafts. This fee, known as the service fee, is an additional cost on top of the...

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