Credit Card: Avoid These Mistakes to Prevent Debt & CIBIL Damage

• Avoid over-reliance on credit cards for large purchases and keep utilization below 30% to protect your CIBIL score.
• Do not withdraw cash from ATMs using a credit card due to high cash advance charges (2.5-3%).
• Always pay the full credit card bill, not just the minimum due, to avoid accumulating interest on the remaining balance.
• Exercise caution with online payments; avoid suspicious websites to prevent cybercrime and protect card details.
• Ensure timely payments to avoid late fees and negative impacts on your CIBIL score; set up auto-debit or reminders.

Why It Matters: Smart credit card use prevents debt and protects your financial health.