Take these precautions when using a credit card; a little carelessness can cause a significant loss.

Credit cards have become a part of everyone's life today. Earlier, only rich or select people used them. But now the situation has changed. Their use has become common everywhere, from shopping, bill payment to online transactions.

The report of the Reserve Bank of India says that now more than 10 crore credit cards are active in the country. This shows that people are preferring cards over cash transactions. But with its increasing popularity, the risk has also increased.

Credit cards are as convenient as they can prove to be dangerous. If carelessness is shown. Therefore, it is important to take some precautions while using them. Otherwise, you may have to suffer huge losses. So keep these things in mind.

The first and most important precaution is to always pay the bill on time. Late fees and interest increase if you delay. This interest is so high that your debt can increase rapidly and it will become difficult to repay it.

The second important thing is to keep the card information safe. Do not share your card number, CVV, PIN or OTP with anyone. Cyber ​​​​thugs can take advantage of a little carelessness and make money disappear from your account. So be careful.

The third thing is to keep in mind the limit. Never spend your entire credit limit. Doing this directly affects the credit score. If the score gets spoiled, then it may be difficult to take a loan or get another card in the future.

The fourth and important thing is not to use the credit card more than necessary. Continuous unnecessary spending and frequent swiping will increase the burden of debt. In such a situation, you can get trapped in the debt trap and your financial condition can deteriorate.