Swipe Smart: Master Credit Cards, Avoid Debt Traps

• Choosing the right credit card depends on individual spending habits, not just attractive offers like cashback or travel points.
• Rewards are beneficial only if the full balance is paid monthly; interest charges quickly negate any gains from rewards.
• Credit limits are maximum risk for banks, not spending targets; regularly spending near the limit can harm credit profiles.
• EMIs can accumulate into significant burdens, reducing financial flexibility; evaluate purchases carefully before converting to EMIs.
• Fewer, well-chosen credit cards simplify management and promote discipline, preventing debt from creeping in through small rollovers.

Why It Matters: Use credit cards wisely by matching them to your lifestyle, paying in full, and avoiding debt traps.