If you know how to use a credit card properly, then you can take a lot of advantage from it. But if all your important expenses are dependent on the credit card, then it is not right for you at all. In such a situation, even a small mistake can cost you heavily and you can get trapped in a debt trap anytime. New credit card users should especially understand about such 8 mistakes which can burden them with debt and can also spoil their CIBIL score.

Do not delay in paying the bill, this increases the interest and sends a message to the bank that you are in a financial crisis. In such a situation, your credit score can be spoiled.

If you pay only the minimum due amount, then the loan lasts for a long time and the interest keeps getting added continuously. In such a situation, you keep getting trapped in the debt trap.

If you want to keep your credit score good, then you should not spend more than 30% of the credit limit. If you do this, the bank will feel that your dependence on the credit card is too much. In such a situation, your score can be affected.

Do not withdraw cash from the credit card, it immediately starts accruing interest and other charges. This costs you a lot.

Choosing the EMI option on every purchase made with a credit card can be costly for you. This can gradually increase the debt burden. In such a situation, the financial burden will also increase and CIBIL can also be affected.

In the greed of reward points and offers, some people spend more than necessary. This is also not good for you at all. This will increase the financial load and the budget can be spoiled.

Do not keep many credit cards without need. Due to this, you can forget the payment, due date. Also, you will have to pay the annual charge of the card unnecessarily.

Never make payment without reading the statement, this will help you avoid wrong charges and fraud.