Credit Card Ka Smart Use Kaise Karein? Benefits, Hidden Charges Aur Meri Personal Learning
Part 1 – Credit Card Kya Hai Aur Kaise Kaam Karta Hai? How does a credit card work? A credit card can be an easier way to pay for everyday items, but it’s worth understanding the basics before you start using one. A credit card allows you to borrow money to spend, up to a pre-set limit, as opposed to a debit card which takes money directly from your account. You may avail of this facility for shopping, online transactions, booking tickets/travel and other purchase available for this facility. The bank will then generate your bill after the billing cycle. The key is that credit card money is borrowed money – not additional income. You are still required to pay back the sum on time, at the card’s terms and with the due date. Let’s say you buy groceries, fuel and shopping online for ₹8,000 in a billing cycle. Even if you don’t pay for these today, they don’t go away. They are also added to your accumulated credit card bill. If you pay the full statement balance b...
