Credit Card Rules: Do you also use a credit card? If yes, then be careful. Otherwise, the money in your bank account may disappear.
You must use your credit card whenever the money runs out at the end of the month or there is a need for more funds.
Not only this, people often get into the habit of spending money through credit cards, and if the money is not paid on time, then a considerable fine may have to be paid.
If you do not make the payment by the last date, the bank imposes an interest of 30 to 36 percent on you and also takes more late fees.
Credit card users should be careful
Late can lead to high-interest rates on credit card payments and debt traps like payment defaults.
To avoid this, you have to submit your bill on time. You now get a free period of 40-50 days to pay the credit card, but if this does not happen, then this negligence may cost you dearly.
Also, you must be careful even if you have taken a savings account and credit card from the same bank.
The bank can only block your amount if you pay the credit card on time.
If this happens, you will neither be able to withdraw money from your bank nor will you be able transfer it to any other account.
If you do shopping with a credit card, change your habit
Your CIBIL score can deteriorate if there is a mistake in the payment of the credit card, and due to this, you will come under the category of fraud.
However, if you cannot pay the credit card bill for 2-3 months by mistake or mistake, then your bank account will not be blocked in such a situation.
If you shop with a credit card, change your habit because it can put you in a debt situation.
If the bill is not paid within the given time, you will have to pay more from your pocket.
Not only this, you are not even able to do your savings and save hard money.
When your bill arrives, check it before filling it out; otherwise, many charges can be added without your knowledge.
