7 credit card sins you must avoid at all cost. Check the content

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jaybro

Sin #1: Compromising card details

Sin #2: Failing to pay on time

Sin #3: Paying only minimum due

Sin #4: Withdrawing cash

Sin #5: Utilizing full limit

Sin #6: Spending to earn rewards

Sin #7: Closing cards randomly

Read more at:

https://economictimes.indiatimes.com/wealth/bor...

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Deal Cadet Deal Cadet
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am utilizng more than full everytime

Shopping Friend Shopping Friend
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Yeah. Read below comment.

“High credit usage portrays the user as credit hungry with a potentially higher chance of default. This adversely affects your credit score and may make it difficult for you to access additional credit facilities.” laughing

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Cool Cool
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//Sin #6: Spending to earn rewards//
biggrin

Shopping Friend Shopping Friend
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Don’t use credit cards only to earn points stuck_out_tongue

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Deal Cadet Deal Cadet
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Sin 8- keeping card ideal without spending

Shopping Friend Shopping Friend
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That is obvious stuck_out_tongue

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Deal Subedar Deal Subedar
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plus1 plus1
Deal Cadet Deal Cadet
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say baba…. cibil is good

Deal Cadet Deal Cadet
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My card limit is 30k and I use whole 30k daily and repay same day.
I am doing this for 3months
And now my cibil is 860+
Edit- I got card with just give 600 cibil

Deal Subedar Deal Subedar
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Daily transactions are not reported to cibil or any other bureau. Only statement balance and settlement history.

If you utilise and payoff the balance same day then your credit utilization should be almost zero. What does the cibil report says about your credit utilization ?
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Pro Critic Pro Critic
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Fortunately, I don’t do any of these. I don’t use the card just for reward points.

Shopping Friend Shopping Friend
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replyuser
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