HOW TO USE CREDIT CARD SMARTLY
1 PAY YOUR CREDIT CARD BILLS ON TIME
IF YOU PAY YOUR ENTIRE CREDIT CARD BILLS BEFORE DUE DATE, YOU DO NOT INCUR ANY INTEREST CHARGES.
BUT IF YOU FAILED TO PAY THE AMOUNT BEFORE THE DUE DATE, THEN YOU WILL BE PENALISED & CHARGED HEAVILY!!
ONLY SPEND ON CREDIT CARD, WHAT YOU THINK YOU CAN PAY LATER ON TIME.
2 DON’T SETTLE FOR MINIMUM PAYMENT
THERE IS A PROVISION TO PAY PARTIAL AMOUNT OF YOUR BILL, IF YOU CAN’T PAY FULL.
TO AVOID PENALTIES, YOU MUST PAY YOUR BILL ON TIME
BUT TO AVOID HEAVY INTEREST RATES, YOU MUST ALSO PAY THE BILL IN FULL.
DON’T PAY ATTENTION TO THE MINIMUM DUES.
3 AVOID USING YOUR CARD AT THE ATM
CREDIT CARDS ALSO LET YOU WITHDRAW CASH FROM ATM’s
BUT AVOID USING THE FACILITY.
BECAUSE ATM WITHDRAWALS ATTRACT HEAVY CHARGES.
4 AVAIL A LOAN IF REQUIRED
WHEN YOU PAY BILLS ON TIME, YOU WILL HAVE A GOOD CREDIT HISTORY AND CIBIL SCORE.
BASED ON THE SCORE, BANKS DECIDE WHETHER TO APPROVE OR DISAPPROVE A LOAN.
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