credit card it is a small plastic card i.e same size as ATM cards and other payment cards like debit cards. Credit cards are issued by a bank to the customers(card holders) and allowing the holders to purchase goods and services based on trust that the user can pay the payment in the future on the base of credit card. In addition to the main credit card number, credit cards also have issue and expiration dates as well as additional codes such as issue numbers and security codes. Not all credit cards have the same sets of additional codes or use the same number of digits.people who are using credit card need to know this 7 things about this credit card, Don't neglect this. Things you need to know while using credit card:

Never withdraw cash through your credit card: Don't forget that cash withdrawals from your credit card will incur both single and high interest charges. Therefore, it is not advisable to take cash through credit card unless you are in dire need.

Allow auto-debit for payment: If you pay your credit card payments(DUES) on time, you could save yourself from many problems. Therefore, you must link your account with the credit card to pay your credit card bills automatically.This way you will never forget your payment date and will not incur late fees.

Limit your credit card use: There is usually a free interest period for each credit card. So, in order to take advantage of it, you should ideally keep your credit card nil debts.As long as you pay the amount on time, you can take advantage of the interest-free period.


Keep a strict eye on the charges: You should always check your credit card statement every month to verify the charges levied on you.It can help you keep an eye on your spending habits and also the interest rates charged by the bank.


Never exceed your credit card limit: Always remember one thing that your credit card company will share your credit history and score with the government. If you are failure to make payment on time and exceeding your credit limit can negatively impact your credit score.

Never postpone your credit card dues: Try to make the full payment on the due date, even if the credit card statement states that you need to pay a certain percentage of it. Postponing the payment to the next month will charge monthly interest as well as late payment charges in some situations. If you continue to use the credit card continuously, your debt will grow.

EMIs and Reward Points: It is recommended that you always transfer the balance to EMI (Easy monthly Installments).This will help you repay your debt more easily with less interest charges. In addition, each purchase with a credit card means earning rewards points. Never spend more than to earn them.

ALSO READ: https://thebankinfo.com/blog/post/easy-steps-to-apply-credit-card-in-sbi