Never Use Your Credit Card in These 7 Risky Situations

• Avoid high credit utilization (above 30%) and never withdraw cash from ATMs with a credit card due to high fees and immediate interest.
• Paying only the minimum due is dangerous as it leads to rapid accumulation of interest on the remaining balance.
• Do not make large, unplanned purchases without a clear payment strategy or backup funds to avoid debt.
• Ensure online transactions are made only on secure (HTTPS), officially recognized, and trusted websites to prevent data theft.
• Delaying payments incurs late fees, additional interest, and significantly damages your CIBIL score; set up auto-debit or reminders.

Why It Matters: Learn credit card pitfalls to avoid debt and protect your financial health.