Credit Cards

Yes, slightly and temporarily — each application triggers a 'hard inquiry' that can dip your score a few points. Multiple applications in a short window compound this effect, so it's better to apply selectively for a card that actually suits your spending rather than applying broadly.

Paying only the minimum keeps your account in good standing, but interest (often 3–4% per month) accrues on the remaining balance — which compounds quickly and can turn a small balance into a large one. Paying the full statement balance every cycle is the only way to avoid interest entirely.

There's no universal number — one well-chosen card used responsibly is enough for most people, while others hold 2–3 to combine different rewards categories. What matters more than the count is keeping utilization low and never carrying a balance you can't pay off.

Your credit limit is the total amount the issuer allows you to charge. Available credit is what's left after subtracting your current outstanding balance. Keeping your usage well below the limit (ideally under 30%) helps protect your credit score.

Depends entirely on whether the card's benefits (rewards rate, lounge access, welcome bonus) exceed the fee for your actual spending pattern. A ₹5,000 annual fee card can be worth it if you spend enough in its bonus categories, or a poor choice if you don't — we can help you run the actual numbers.