Shopping with credit card might seem to be an easy task at the time of purchase. But repaying the bills within the due date becomes a humongous task in the next few days. So, following are a few things that you shouldn’t do with your credit card.
Don’t pay your credit card bills late! When you extend your due payments, it will be subjected to daily interests and you’ll end up paying more!
Don’t use your credit cards for things that you can’t afford. Always remember that you need to repay whatever things you purchase within a particular time limit. If it’s above your financial abilities, it is better not to buy it!
Don’t get too many credit cards. It is advisable to stick on with a maximum of 2 to 3 credit cards. It becomes extremely difficult to manage the expenses that you make with multiple credit cards. So before you purchase a credit card, know its salient features and if it will be helpful to you on the longer run.
Don’t borrow on your credit cards since the interest will be calculated on a daily basis. This happens when you cannot pay the EMIs on time!
These are a few things to consider when you use a credit card. A bad credit score will lead you to bad CIBIL rating and will dent your chances when you want a loan! So be careful while handling credit cards and ensure you keep track with your expenses!