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

Credit card lets the user buy-first-pay-later which makes it an increasingly popular option for the millenials in the workforce. It allows them to pay for their needs even when they do not have enough liquid cash in their hands. 

But before you apply for the credit card here are important things you must keep in mind to avail all of its benefits - 

• Avoid the debt trap - when you make transactions using your credit card make sure to pay them off regularly with the regular payments. Simply, avoiding to pay will pile up the payments and turn them to a debt which will lead to monthly interest rate of around 3% to 4% on the outstanding of the card. 

• Do not overspend - once in a while, we all love to indulge and there is no other financing option better than a credit card which will help us do it. However, this must not a habit. As with every transactions made, as a user, you are also supposed to pay it off. Besides, if you doing it just to earn reward points and discounts the strategy might

Credit card is a flexible and simple financing option which lets you shop-first-pay-later. It gives you the power to make transactions even when you are short of liquid cash. But, there are important things you must keep in mind when you use your credit card to ensure that all transactions are secure.

Let’s go through them here - 

• Carry the credit card with you and try not to share it with anyone. This is a simple yet the first step to ensuring the safety of your card. 

• While, making transactions online or at the store punch in credit card details yourself and do not share any kind of information with anyone. 

• The credit card statement you receive every month make sure to go through it thoroughly. This is a smart way to identify fraud or any transactions which might have been carried out without your knowledge.

• Avoid using the credit card on open networks such as an office LAN or public WiFi. You would be avoiding sharing sensitive card information to any third-party or even hackers.

• While