The world is changing fast and infact online payments became daily part and parcel. Banks are offering lifetime free credit cards and many other packages. All the offers are very attractive and simple traps.
After almost paying ten years towards credit cards every month, today i am writing this article just to say how happy i am when closing all the credit cards except one (Only one for emergency & to maintain good CIBIL).
Always try to use your debit and stay away from credit. It is better to have only one or two credit cards and better to use debit. If necessary go for Gold Loans/Personal Loans. Even though they are time consuming but worth it when compared to the interest rates of the credit card. Credit cards are like slow poisonous sugar coated pills.
If you think it is the time to use credit card, take a one day break and think about whether product/service is necessary or not. Even after one day , if you think its needed – go for it. But this time also, try to use debit and not the credit. Credit to be the last last option to save time and money in the long run.
manoharkboddeti 