Credit Card Security Tips: Nowadays everyone keeps a credit card, especially for the youth, it has become a very useful thing today, because if you have a cash or not but if you have a credit card, then you do not have to think again before buying a single thing of your choice. However, for this reason, many times we do unnecessary shopping without needs and more cards are used than the limit. If you also use the credit card then do it carefully or else you may have to suffer these damage-

CIBIL score may be bad

If you use credit cards and are not able to pay it on time and you become defaulted continuously, then this can spoil your cibilant score and because of this you may have a problem in getting a loan to buy any items, car or house. So remember, spend as much as you can pay for the card.

Will have to pay more interest

If you do not have money, then you can do shopping carefully with a credit card and the bank gives you 45 days to pay it. But if you are unable to pay your credit card in these 45 days, then you can read you to pay huge interest for it. This interest rate can be up to 30 percent. Therefore, do not forget to pay time to pay your credit card on time.

Additional fee for delay

If you delay for 2 days to pay the credit card payment from the appointed date, then you have to pay the late fee for this, which can range from Rs 700 to Rs 1500. Understand the billing cycle of your credit card to avoid paying late fees.

Minimum outstanding

Every month you are given the total outstanding amount of information in the card statement, which is only 5 percent of the total outstanding amount. After paying the minimum amount, you can maintain your credit card active, but after that there is a huge interest on your remaining outstanding amount.

Every facility features fees

When you buy anything, you are told that the credit card will be low cost EMI. Apart from this, many times banks also advise you to increase the credit limit, but remember that you are charged a lot of fees for all these facilities, which you do not know. So before taking any facility, read its terms and conditions well.

So, if you also use a credit card, then use your card very carefully to avoid these problems.