Busting 6 Modern Credit Card Myths

Busting 6 Modern Credit Card Myths

Posted by Creditkaro

Credit Card March 25, 2021

Today’s blog is going to be different than our usual ones! Today we are going to bust a few modern myths, solve few queries and answer a few questions. Questions which have been put up by you, queries which have been shortlisted from a long list presented to us by you. Yes, today we are going to talk about things you want talk about. Things which worry you on a daily basis – so let’s do this! 

So, in this blog we’ll take 6 questions put up by our users and try to solve them!

1.Actually I mean the Which billing after the use of credit card payment

Ans- Our best guess is that you want to know about your billing cycle once you have made payments through your credit card. To give you more clarity on this let’s start by explaining you how you bill is generated. 

Let us explain this to you with the help of an example to understand what billing cycle means. Let us say your credit card statement is generated on the 9th of every month. Your credit card billing cycle will start from the 10th of the previous month and continue till 9th of the current month. During this period, all transactions done on your credit card will show up in your monthly credit card statement. This would include all credit card payments, cash withdrawals (if any) and also continuing EMIs on your credit card.

2.Without any card like debit and credit card can I login to PAYTM or paypal or Bhim you or Google pay can I use them?

Ans- To use Google Pay (Tez), you need a bank account and a mobile number that is linked to that account and you also must have an ATM or Debit card. So if you have not a debit card, you cannot use any services of UPI.

3.Can we use credit card for online transaction on the same day it arrives at our home?

Ans- Yes. Once your card has arrived, all you have to do is activate it by calling on the customer care number which is present in the contents of the envelope given to you with the credit card. After the card has been activated, you are free to use your new credit card

Also Read 5 Ways To Save Yourself From Credit Card Debt

4. Unable to use my RBL credit card for online transactions?

Ans- There could be a number of reasons why you are having problems using your credit card for online transactions : 

You entered the information incorrectly. 

You have an old address or phone number still on file. 

You reached your credit limit. 

You aren't up to date on card payments and the issuer cut you off.

Also ReadWhat Would You Do If You Lost Your Debit or Credit Card?

5. Credit card can be used for outstanding payment of Callon?

Ans- Of course. You can easily pay off your outstanding loans with the help of your credit. However, we would advice you against it as credit cards have a much higher interest rate than a personal loan so it would not be a smart idea to pay off a personal loan with a credit card. You will be paying a lot more in interest amount if you pay through your credit card. 

6.Can I use both credit card and debit card for single purchase of material online?

Ans- Actually you cannot. Most online merchants won't allow you to split your payment this way. Online stores usually allow you to combine a gift card with a credit card when you make a purchase, but they rarely let customers use two credit cards, or a credit and debit card mix, to do the same.

There are many such queries that people put up and guess what? We love answering these! We work tirelessly to bring you simple solutions for every complex problem and it means a lot to us to know that you in some manner depend on us for those simple solutions! So, we hope you will keep coming back to us with more and more banking and financial queries and we will come back to you with the simplest solutions available. So keep coming back to CreditKaro.com for more interesting content and also write in the comments section below what you would like to read about, because we would love to do a featured blog soon!