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Is it possible to invest in stocks using a credit card?

Business Standard LogoBusiness Standard1d ago

Is it possible to invest in stocks using a credit card? - Business Standard

Quick Summary:

For instance, if an investor buys stocks worth Rs 100 on credit and their value drops to Rs 60, they not only incur a loss on the investment but also face the obligation to repay the original amount plus any accrued interest.

Impact on credit score: Failing to manage credit card payments responsibly can negatively affect an individual's credit score, making future borrowing more difficult and expensive.

High-interest rates: Credit card interest rates in India can range from 13 per cent to 48 per cent, which can quickly erode any gains made from investments.


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Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-04 @ 17:33:06 (1 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 428 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23395327

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About Business Standard

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 276 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

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