Credit Card Rules: Today we will tell you about some smart ways with the help of which you can reduce your credit card bill. Because using credit card without thinking can trap you in the vortex of debt.
Credit Card Plan: In this era of inflation, credit card proves to be helpful for us many times. But using it without thinking can trap you in the vortex of debt. In such a situation, it becomes important that the credit card bill comes convenient and low.
Set a target for spending and saving
Savings are the biggest savings for us. For this, it is important that we set a target for spending and saving. Similarly, before using a credit card, keep in mind that the card limit does not reflect your spending capacity. Suppose if your income is Rs 1 lakh per month, then ensure that 35 thousand is left for savings and 45 thousand for household expenses. In such a situation, if you make purchases of up to 30 thousand using the credit card, then you will be able to pay the bill easily.
However, you should also keep in mind that interest-free credit is given on the credit card only for 50 days. In such a situation, if you make a purchase of Rs 30,000 each for three consecutive months, then you will fall short by Rs 10,000 in the fourth month.
Option to buy with cashback and better deal
Many platforms offer cashback on purchases made with credit cards. In such a situation, if you are also buying any gadgets or electronics goods, then you can choose the option of buying with cashback and offer deal.
Avoid converting to EMI
If the bill is high in any month or in case of any emergency, you should avoid forwarding the credit card bill or converting it to EMI. But if you are forwarding, then you should keep in mind that there is no extra expenditure in the next month. Checking the credit card statement from time to time is the best way to avoid this. This will give you an idea of where it is necessary to spend.
