5 Credit Card Secrets You Must Know to Avoid Debt and Boost Your CIBIL Score

Balasahana Suresh
In today’s wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW">digital era, credit cards are everywhere, and banks are offering exciting rewards, cashback, and deals. But using a credit card without proper knowledge can lead to debt, high interest payments, and a poor credit score. Here are five key secrets to use your credit card wisely.

1. Always Pay Your Bills on Time

  • Late payments attract heavy interest and late fees.
  • Timely payment ensures your CIBIL score improves, making it easier to get loans in the future.
2. Keep Your Credit Utilization Low

  • Avoid using more than 30–40% of your credit limit.
  • High utilization can negatively affect your credit score, even if you pay on time.
3. Earn Rewards and Cashback

  • Use cards that offer cashback, reward points, or miles on purchases.
  • Strategically use these rewards to reduce expenses or fund future purchases.
4. Avoid Unnecessary Loans

  • Treat your credit card as a payment tool, not a loan.
  • Carrying balances month-to-month increases debt due to high interest rates.
5. Monitor Your Credit Score Regularly

  • Check your CIBIL or credit score at least once a year.
  • Ensure all payments and limits are correctly reported, helping you maintain good financial health.
Key Takeaway

A credit card can be a powerful financial tool if used wisely. By paying bills on time, using rewards, and monitoring your credit score, you can avoid debt, save money, and improve your CIBIL rating.

 

Disclaimer:

The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of any agency, organization, employer, or company. All information provided is for general informational purposes only. While every effort has been made to ensure accuracy, we make no representations or warranties of any kind, express or implied, about the completeness, reliability, or suitability of the information contained herein. Readers are advised to verify facts and seek professional advice where necessary. Any reliance placed on such information is strictly at the reader’s own risk.

For more interesting updates click and follow Indiaherald WhatsApp channel

Find Out More:

card

Related Articles: