Credit cards are today no longer found in the wallets of those who have an enviable pay package. Most salaried people also prefer using a credit card. This is because it offers a number of benefits the most important of which is that it allows purchases made to be repaid back in EMIs over a comfortable tenor. 

What this essentially means is that you can make purchases even in situations when you do not have balance in your account. Despite this, there are many individuals who do not know how to take advantage of their credit cards to the fullest. If you too are unaware of it, then read on to find out - 

Asking for a Higher Credit Limit

The credit limit that is sanctioned on each credit card is different which may or may not be enough for your needs. For this reason, it is essential to ask your credit card lender to increase your credit card limit.

Apart from allowing you to spend more, a higher credit limit also helps better your credit score. Furthermore, if you have a high credit score but do not spend as much, then it denotes less credit hungriness which again contributes towards building your credit score. 

Paying Bills on Time

This is an advice which is very often repeated yet many people choose to ignore it only to suffer the consequences later. Non payment of credit card dues on time leads to heavy interest rates being levied on your outstanding bill. Apart from this, if you keep defaulting on your payment on a regular basis, your credit score will also take a hit which can lead to your future loan applications getting rejected.

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