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Showing posts from August, 2022

Axis Bank Neo Credit Card Vs Ace Credit Card

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Axis Bank is a leading bank that offers a wide range of credit cards. In this article, we have compared Axis Bank Neo credit card and Axis Bank Ace credit card. Both credit cards are ideal for first-time credit card users. You need to first analyze your needs and spending habits so that you can choose the card that compliments them. Having the right credit card helps you maximize its benefits. Without any further ado, hereunder is the comparison between these two credit cards on the basis of their fees, features, and benefits. Keep reading to kick start your research. Axis Bank Neo Credit Card This one is an entry-level credit card that lets you earn 1 Edge points on every Rs. 200 spent. The Axis Bank Neo credit card offers you welcome benefits, shopping benefits, and movie and dining benefits. Here are the key features and benefits of this credit card. Joining Fee: Rs. 250 plus applicable taxes Renewal Fee: Rs. 250 plus applicable taxes Spend-Based Waiver: N/A Features and Benef

Does Canceling Credit Cards Affect Your Credit Score?

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There might be several reasons to close your credit card account, be it annual fees or unmanageable debt. But should you consider closing your card account if it hurts your credit score just by closing the account itself? Canceling credit cards might not be a good option at times. There are ways in which an individual can consider not closing his/her credit card account to avoid a dip in their credit score . From here, the question arises of how closing a credit card account will affect your credit score. So let’s get started.  Credit Utilization Ratio Closing a credit card account will drop your total available credit and will have an immediate effect on your Credit Score. Since your card limit is no longer able to lend a hand in your Credit available to credit availed ratio, your total utilization rate will increase. Credit History if your Credit account’s age is more than regular, it will have an impact too. Better your credit payment history, the more you are considered for a credi