Don't use your Credit Card without knowing this...

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3 credit cards mistakes you should definitely avoid...

1️⃣ Don't withdraw cash using your credit card , else you will be charged an upfront fee 2.5% to 3% of your transaction value, subject to a minimum amount of Rs. 250 to Rs. 500... Your will also be charged an interest of 24% to 42% , that too from day 1 of your transaction...

2️⃣ Don't pay your electricity bills on Paytm/Amazon through your credit card as they will charge you 1.5% convenience fee and 18% GST... Payment Via UPI on these apps doesn't attract any such fee...

3️⃣ Don't convert your credit card transaction into EMI as the bank will charge you 13% to 15% interest on the same + conversion charges...

#creditcard #mistakes #banking #knowledgesharing#shorts
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