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Use credit cards as convenient means to pay, not as instruments to borrow

Credit cards: Avoid the minimum amount repayment trap

Topics
Credit Card | Credit cards | Credit card charges

Tinesh Bhasin 



credit card

Almost all leading retailers — both online and physical stores — have tied up with a issuer to offer lucrative deals. Many consumers have got only to leverage upon such discounts. also provide the perfect marriage of convenience (make big purchases without carrying huge wads of cash) and instant gratification (buy now, pay later). However, you could get caught in a debt trap if you are not careful.

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First Published: Fri, October 18 2019. 00:19 IST

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