1. Pay your bill before the due date. If you are not able to do so, use the transfer balance facility through
which you can transfer the stability amount on your bill to another credit card issuer and pay fewer
2. Do not use the cash proceed feature (where you can remove cash against your card just like an
ATM) unless it is very essential; the amount you withdraw does not qualify for an interest free stage. The
interest rate charged on such withdrawals ranges from 25-30 per cent per annum.
3. Know your credit card’s billing cycle, the actual date of when it begins and ends. Make your purchases
in such a manner that you get maximum free credit days.
4. Don’t own multiple cards. attach to a maximum of two cards. More than that and you will find it difficult
to keep a track of how much money you are expenses.
5. Always clear your credit card bills at smallest amount seven days before the due date to avoid being hit
with a late fee.
6. Before you choose your credit card, take suggestions from your friends/ relatives.
7. Keep the receipts you get when you use your card; use these to check your bill when it is mailed to
8. Keep your card and your 16 digit credit card number confidential.
9. If you have more than one, carry only those that you believe you will need when you leave the house.
10. Look out for cards that give you the maximum free credit period.