7 Places You Should Never Use Your Credit Card, Even by Mistake

Credit Card Uses: Credit card use is increasing rapidly these days, but even a small mistake can cause significant losses. Credit cards should be used with great care. While having a credit card has many benefits, it also has several disadvantages. There are many hidden charges on credit cards that people are generally unaware of. Today, we're going to tell you about some places where people should avoid using a credit card, even by mistake.

Petrol Pumps - We often pay with our credit cards when filling up our vehicles with diesel, petrol, or CNG, but by doing so, we are only harming ourselves. Payments made with credit cards at petrol pumps are subject to service charges and GST, which further increases fuel costs.

In addition, you may also be vulnerable to skimming. Skimming is a new method of scamming. A small device can be hidden and placed inside the card-swiping POS machine or ATM at petrol pumps or shops.

As soon as you swipe your card, this machine records your card details. Using this information, scammers can create counterfeit cards and withdraw money from your account without you even realizing it. The risk of skimming at petrol pumps is higher because the card-swiping machines are located openly, making them easier to tamper with.

IRCTC website - You should avoid using credit cards when booking tickets on the IRCTC website, as in addition to the payment gateway fee, an additional one or two percent GST is levied.

ATM - You should also avoid using credit cards for cash withdrawals at ATMs, as you may incur interest and advance fees.

Wallets - Avoid using credit cards to deposit money into Paytm, PhonePe, Google Pay, or Amazon Pay wallets, as you incur convenience fees and GST.

Insurance - It's best to avoid using credit cards even when paying insurance premiums, as you may incur an extra 1-2% charge.

Unsecured Websites - Shopping on random websites and paying with credit cards is one of the financial mistakes we often make, whether knowingly or unknowingly. This not only increases the risk of scams but also levies additional charges on purchased items, which makes no sense.

Balance Transfers - Even the mistake of transferring a balance from one credit card to another can cause losses. This incurs interest rates and processing fees, so it's best to avoid this.