Sachin Karpe Shares 3 Stupid Things People Do with Their Credit Card

In today’s era cards have taken over cash. Most of the people use only cards to purchase small to big things whether it’s a credit card or debit card.  It is been calculated that more than 1.5 billion people using credit cards. Though there are lot of cards users, most of them don’t know how to use it wisely. 

Sachin Karpe put a light on few stupid things users do with your credit cards, so that people stop doing mistakes and use credit cards judiciously. 

First thing is ignoring the rewards point which you get from your card on spending.  From your reward points your can pay off travel discounts, holiday discount offers, shopping home items and even some discount coupons where  you can save your few bucks. Make sure you redeem all you rewarding points before it gets expire. 

Second thing is paying late fees which will cost you more than you paid. Once you cross the due date of your payment, automatically the interest rate will raise on your existing balances or on future purchases. Not only that If you keep on paying late payment it will end up on a bad impression on banking sector.  So avoid late payment and always try to pay in time.

Third is taking cash from your credit card. For you it might seem easy to remove cash on your credit card but once you take the cash the next moment you will be charged with high interest rate. There will be no grace period on cash credit and you will be charged.  So Sachin Karpe advices not to use cash credit on Credit cards.

Last but not least, sharing your credit card details over phone. You will never know who is calling and to whom you are passing out your details. Make sure you never do that mistake like passing out your entire details on phone. Bankers never ask for your pin number over phone they just ask you your age, card number, contact number and email address just for verification.  Ensure that you keep all the points in your mind so that you enjoy using credit cards.