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Multiple Credit Cards: If you do not use credit cards with caution, then the burden of debt can increase on you.
Multiple Credit Cards: Credit cards have their advantages as well as some disadvantages. If you do not use them with care, then you may be burdened with debt. When you have more than one card, there is a fear of overspending. Do not carry forward your credit card balance. Because interest of up to 30 percent can be charged on this. In such a situation, the reward you have received can also be zero. So pay the balance on time. And make the payment before the due date.
spending limit
Spend wisely. Do not spend more than 50% of your credit limit at a time. And don’t exceed the credit limit. Try to keep it up to 80 per cent.
choose the right card
In fact, the desire to have more credit cards is driven by the desire to get more reward points and cash back offers. Pay attention to the features of your card.
This can include double cash back and double reward points. This will make it easier for you to pay your dues.
Spend when there’s an interest-free period
Try to spend in interest free period. This is the period when you make a credit card transaction and when you need to make a repayment. During this time you will not be charged interest. But this discount is available only when you make full payment.
Compare EMI
Compare the EMI offers on your various cards before taking a new EMI. If you are going to take a mobile of 40 thousand, then see which has the offer of EMI at zero interest.
credit card info
According to RBI, the number of credit cards in the country is 6.4 crore as of June. In June itself, transactions worth 63 thousand crores have been done through them.
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