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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...
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CIBIL Score Kam Kyu Hota Hai? 750+ Score Banane Ke Liye 3 Aasaan Aadatein



Paying you dues late (i.e. late fee or EMI not paid on time): This has worst affect on your score (around 35% of the CIBIL Score depends on your payment history).


High Credit Utilization Ratio (CUR): If you use more than 30% of your credit card limit, then your bank considers you “credit-hungry”.


 Bar-Bar Loan / Credit Card Apply Karna: Jab bhi bank ko kisis bank your apply karta ho to bank aapke CIBIL report ki 100% Hard Inquiry lagata hain, jisse kam scores yahan par hoti hai.


Unsecured Loans Ka Proportion Zyada Hona: Personal loans/credit cards unsecured ki, home loan/auto loan bahut zyada unsecured ki. 


Getting a loan declared Settle Ya Default: Settling (usually by paying 20%) the loan rather than paying it off in full leaves a very significant negative mark on the report.

750+ Score Banane Ke Liye 3 Aasaan Aadatein

1. Payment Reminder & Auto-Debit Set Karein

Aadat: Make it a daily routine to pay all your credit card bills and loan EMIs ahead of their deadlines by atleast 2-3 days.


Aasaan Tariqa: Bank account auto-debit set up karwayen ya monthly payment reminders lagwayen. Hamesha Total Amount Due pay karen, sirf Minimum Amount Due nahi.


2. Credit Utilization 30% Se Kam Rakhein

Aadat: If your credit card has a limit of Rs 1,00,000, keep your monthly spending below Rs 30,000.


Aasaan Tariqa: If expense is high, then before the end of month make partial payment, or request bank to increase credit limit (increased limit will lower the utilization ratio automatically).

Credit Mix Banayein Aur Puraane Cards Band Na Karein

Aadat: Make your credit history long and balanced. 


Keep Aasaan Tariqa: Apne oldest credit card ko active rakhein (Chahe isse kam use karein). Lambi credit history score sabse acchi hoti hai. Also, keep on applying for new cards or personal loans frequently.


Step-by-Step Action Plan (Agle 3 Se 6 Mahine)

Check your Free CIBIL Report: On CIBIL‘s official site or a reliable finance app, get your free CIBIL report and see if there is any incorrect entry or pending dues. 


Clear Dues & Errors: Cross check report for any wrong entry and get it cleared on CIBIL portal by raising a dispute. Clear all the current dues.


Secured Credit Card (FD Backed): If you have no Credit history or very low score, then you could open an FD with any bank for Rs. 10,000- Rs 20,000 and take a Credit Card. Regular use and timely payment can push your score to 750+ in 3-6 months.



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