Money Savings from Credit Cards

1.Never pay minimum amount as per the credit card statement bill, as this will lead you to fall into debt trap due to accumulating interest and this burden gradually increases in the later months.

2.Best method: To pay credit card amount in full.

3.Avoid fresh transactions on the credit card when you have not paid your credit card bill in full amount in the previous month(s) bill, as this will attract interest/additional charges etc., in the next bill and goes on with accumulating.

4.Since credit cards have highest interest (16-48% per Annum), delayed payment causes penalties in the form of addition of interest/financial charges/taxes/fees etc., as per respective banks terms and conditions, thereby experiencing huge burden or difficult to repay situations.

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