How to use Credit Card Smartly 😎 :

You know credit card very well Most of the peoples Myth is credit Card is useless or it is for those who don't have money

Today I Break this Myth as well as give you information Regarding to Credit Card

What is use of Credit Card 💳 :

There are Many uses of Credit card

Firstly it is Useful for Online shopping 🛒:

Most of the Credit Card company has tie up E-commerce websites and they gives many offers to Credit card user so you need to search which is best for me

example : for Amazon >> Amazon Credit card is best they gives many offers always for Every time you buy on Amazon
If you want we write article about which Credit card is best for you then comment below

2nd use is to Increase your credit score to get offers when you take Loan or anything eles

And 3rd use is you get Rewards on spending money through Credit card

What is Billing cycle 🌀:

In credit card rules of Banking are far Different from debit card

There is an Billing Cycle on your spending avg. if your billing cycle is 17 date of month to next 17 date of Month then you get bill after 15 day of Billing date

Example : If you spend money between 17 Nov to 17 Dec (this is Billing cycle) then you have to pay bill upto 6 Jan that means pay credit card bill after 45 days Credit Card Company always said that to you this is Truth of pay after 45 days

What is Minimum Due 😈 :

This option is like i paste smile face on this topic because it is good for you but it is costly know how see

If you spend 60000 INR and you have to pay it at 6 Jan but you have no Money at that time to pay bill then Bank give an option called Minimum due this option Jump your all 6 Jan bill to 6 Feb without affecting Credit Score but there is twist you have to pay Money to Jump that bill

Example : To jump Bill of 60000 INR from 6 Jan to 6 Feb you need to pay 9000 (this is example cost this cost vary from Bank to Bank) and this 9000 is only for Jump that date you bill remain same therefore I suggest you never use this Method

How to Pay bill of Credit Card 📃 :

There are Mainly two methods to Pay Bill

Pay By Netbanking
Pay by Other apps (they gives offers to you)

1. By Netbanking 🏦:

Your bank give you an Netbanking Id and Password (you change it after you get default password) and simply go to card >> Account Information >> Pay Bill

2. Pay Credit card bill by Other apps 🏬 :

There are Many apps are there where you Pay Bill via your Other debit card or many options.

This option have few Pros and cons :

Pros 👍 :

Get Rewards on every billing throw that app
User Friendly Experience
Get an Cashback

Cons 👎 :

App pay bill Min. 30 Minutes to Max 2 hours that is much if you are in Hurry
If any error happen at the time of Billing there is no responsibility to Bank you need to contact that app and I am sure they help you

Which is Best app to Pay Credit Card Bill 👌 :

According to My Experience CRED is Good for You Because it is Made for Credit Card and its turn over is in Billion and they are now lucky user get all Money When you Pay bill of Credit Card to download and use CRED Click Here

What are cons are using Credit Card :

All Credit Card Features are useful for Use but we need to see cons which are Not neglected

There are some Yearly Fee Credit Card take from you Like 500 or 1000 INR (I Give you Tip in 🢩How to use Credit Card Smartly🢨 this topic)
In Many Spending Credit Card Does not give offer and they charge for Services (I Give you Tip in 🢩How to use Credit Card Smartly🢨 this topic)
Bank Gives Credit Card for Those who is salaried or Eligible for Credit Card
If you not use Minimum Due Option and you miss bill and you thing nothing gone a happen but Bank charges 2% per Month (vary from Bank to Bank)

How to use Reward points of Credit Card 😮 :

When you spend money through Credit Card Bank give you Rewards there are two methods to use that reward

Transfer that points into Money and Transfer To your Debit card
Shop through Bank's Website
Decide it according to your need