Coronavirus Outbreak has put a lockdown in many countries including India. The RBI has given 3 months leverage in which you can skip the payment of your bills. It will not affect your Credit Score nor will the bank impose any extra late payment fees on your credit card bill.
Are you confused between a debit and a credit card? Although they look identical, their uses and features like reward points, EMI option and impact on credit score are distinctly different. Read on to know more about these differences.
What Is a No Cost EMI and Does It Work In Your Benefit?
You want to start building your credit history and credit score by availing a short quick consumer durable loan. If you do not have a credit card of the relevant bank that offers the scheme, you can’t get the No Cost EMI deal if it is attached to the credit card.