How to make the most of RBI's new customer-friendly credit card rules

Some smart tweaking of the billing cycle will give you more time to settle without having to pay any interest; set spending limits where necessary

The Reserve Bank of India (RBI) announced new rules for credit cards, applicable from July 1. "These directions cover the general and conduct regulations relating to credit, debit and co-branded cards which shall be read along with prudential, payment and technology & cyber security related directions applicable to credit, debit and co-branded cards, as issued by the Reserve Bank," the circular by RBI said.

Business Standard culled out key rules from the list, and asked financial experts for advice on them, along with the thumb rules one needs to follow while using credit cards.  

Rule: Issuers do not follow a