Wise use of credit cards. Review on Tips on Credit Card Use

Hello friends. Today I will be sharing some good tips to credit cards for your betterment. Credit card of any bank which you possess is also called a plastic money. Easy to handle and carry in your wallet. In today’s demonetization, credit card plays an indispensable role for your shopping and to meet daily needs. Friends, we all use credit cards but it should be used wisely and sensibly because human temptation is unlimited. The first and foremost thing to be remembered is, never to share or write your credit card pin on a piece of paper or somewhere else. keep it in your mind. Do not make habit to your children of using your credit card for their expenses. Children do not know their limits and they are unaware of the credit card frauds and very importantly by doing so we are responsible to make their habits worst. Many of us give our credit card and it’s pin to the hotel waiter to make the payment. We do so because we are the regular customer of that particular hotel and we know hotel staff very well. Stop this practice. Ask the waiter to bring the credit card payment machine on your table or take some trouble of getting off from your chair and pay the bill at the counter of a hotel. If you do not do so, such practice may lead to misuse on your credit card and will lead to credit card fraud. If you report such credit card fraud instances to your bank for fraud claim and bank will not entertain you after confirming the fraud as genuine and it would be a great financial loss for you. And if you keep reporting such credit card fraud to your bank, a bank can stop your credit card services and you might spoil your CIBIL score. Secondly keep your credit card safe at your work place. There are many incidents have happened in the past where the credit card is stolen in office and misused by an office colleague. Credit card statement get generated on monthly basis on a particular date and later we receive a paper statement copy or E-statement and also we receive an alert text message before a due date of the payment. If you do not receive your paper statement of your bill in time, check your E-statement. If you do not receive any of them please call the customer care of credit card bank and make inquiry of the same. So it is our primary duty to keep an eye on our monthly statement if there is any payment due. Very importantly now, make full payment of your credit card bill to the bank. Every bank gives us an option to pay the credit card bill in full payment or minimum bill payment. Advisable is to pay the full credit card payment. Many people do not know with the minimum credit card bill payment, a bank starts daily interest charges or penalty on the card till the next bill get generated. Lastly make your credit card payment online safely wit OTP. Its your credit card and your are the master of this card. I hope you got enough tips on a credit card and hopefully you will inculcate these tips to your credit card. Take care.