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Making only minimum payments on credit card balances may seem like an appealing option for those facing financial constraints or seeking temporary relief. However, this seemingly convenient approach can have far-reaching consequences and pose significant risks to individuals' financial well-being. While minimum payments may alleviate immediate financial strain, it is crucial to understand the potential drawbacks associated with this strategy. This article explores the risks of making only minimum payments on credit card balances, highlighting how it can lead to mounting debt, increased interest charges, prolonged repayment periods, and a negative impact on credit scores. By gaining insight into these risks, individuals can make informed decisions about their credit card management, ultimately safeguarding their financial stability. Making only minimum payments on credit card balances can expose individuals to several significant risks: High-Interest Rates:  Credit cards in India o...

Axis Bank offers its customers a comprehensive loyalty program called Axis Bank Edge Rewards. This program allows customers to earn reward points on various banking activities and transactions, which can be redeemed for a wide range of exciting rewards. In this article , we will explore how to earn and redeem Axis Bank Edge Reward Points. Earning Axis Bank Edge Reward Points is easy and straightforward. The points can be earned through a variety of banking activities such as credit card spending, online shopping, bill payments, and more. Here are some of the primary ways to accumulate reward points: Credit Card Spending: Axis Bank credit cardholders can earn reward points on every purchase made using their credit cards. The number of points earned per transaction may vary based on the card type and spending category. For example, certain cards may offer higher reward points for dining or travel expenses. Online Shopping: Axis Bank has tie-ups with numerous online retail partners. By ...