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How a first time user should use a credit card?

A credit card provides a line of credit for an interest-free period of typically 30 days and offers benefits such as reward points, airport lounge visits, online shopping discounts, etc.

Failure to pay the due amount on the due date will result in the payment of interest and late fees, with the interest rate charged by credit card companies.


To avoid missing credit card payments and being charged late fees and interest, it is important to pay bills on time and pay the full amount due.


Understanding the billing cycle is important, as some credit cards offer a grace period of 7 days, and choosing a credit card with a low interest rate is recommended.


It is important to use credit cards prudently and to choose a credit card as per your lifestyle to get the most benefits.


It is advised not to get cash advances with your credit card, use credit cards everywhere, or use a credit card on non-trustworthy websites.


Credit card tracking applications can be used to remind users to pay their credit card dues on time and analyse credit card statements for any fraudulent charges.

Click here to know more about  credit cards.

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Using a credit card responsibly and being aware of the fine print is key for a first-time user to get the most out of the benefits without falling into debt.

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How a first time user should use a credit card?

Using a credit card responsibly and being aware of the fine print is key for a first-time user to get the most out of the benefits without falling into debt.

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