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​Always use the credit cards 'thoughtfully'

Monday - September 16, 2019 11:54 am , Category : WTN SPECIAL
Pay credit card bills on time
Pay credit card bills on time

Want to avoid the penalty and charges, use 'sobriety' in the use of the credit card

SEP 16 (WTN) - There was a time when the debt was not considered good in Indian society. Every person tried his best to spend in his limit of income. The person used to take loans with hesitation only to overcome financial troubles during the time of trouble. But as time has changed, so the thinking of the individual and society changed over the time. After 1993, there was an economic revolution in the country, after which the consumerist culture changed the thinking of the Indians.

There was a time when spending was done according to income, but due to consumerist culture, people are being encouraged to spend heavily to meet their needs and pay later. Due to this trend, the trend of credit cards has increased considerably in the country. Credit card provides financial assistance to the users at the time of need; hence the number of credit card users in the country is increasing rapidly.

Actually, credit card is a modern way of borrowing, in which its users take loans to meet their financial needs. But if the credit card users do not use the credit card properly, they may have to pay money in the form of charge and penalty. There are some rules for using a credit card; if the user follows these rules properly, then he will never face any trouble.

Try your best to use credit card only at the time of facing financial need. It is not sensible to use it every time you buy. If users use credit cards wisely in times of financial need, they will never face any trouble. Shopping centers where the credit card users get a bonus or a discount on using the credit card, the same places where the credit card users should use the credit card.

Try not to withdraw cash from ATMs with the help of credit card. For your information, let you know that credit card users may have to pay 3 to 4 per cent additional service charge when withdrawing cash from credit card. However, there is a minimum charge of Rs 200 to Rs 1,000 for credit card transactions. But if the user is in a lot of trouble and needs money, then he should feel free to withdraw cash from the credit card, because the user is using the credit card only to avoid similar trouble.

While using a credit card, its user should carefully read the e-mail and SMS from the credit card company from time to time. Such e-mails and messages provide information about reward points and how to redeem it. For your information, let you know that credit card points have an expiry date. In such a situation, the credit card user should take full advantage of the reward points.

As per the rules, the credit card statement is sent after the completion of every month's cycle. In such a situation, the credit card user should try his best that if he has used a credit card during this time, he should pay it before due date. If the credit card user pays the credit card payment on time, then he will not have to pay any additional charge of any kind. On the other hand, if the user is not able to make a full payment, then he must at least make a minimum payment.

Credit card users should keep in mind that whatever they are buying with a credit card, they should pay it in full on time. If the user did not pay the entire amount and paid half the incomplete amount, then the user will have to pay the remaining amount. At the same time, the circle of interest will continue until the user has paid the entire amount.

When you have a credit card in hand, it seems easy to buy from it, but later, due to negligence in paying this loan, users face a lot of problems. While using a credit card, also keep in mind that you should use credit cards in abroad very thoughtfully. This is why, because the foreign charges on credit cards can be quite high.

If you use a credit card, then we recommend that you should use it very sparingly. This is why, because if you used a credit card greedily or negligently, you may have to pay penalty and charge. Avoid the consumerist culture, and try your best to use credit cards with full restraint at the time of need.