Paying more than you bargained for: Beginners must understand credit card charges before applying for one

Credit cards have undeniably made everyday transactions easier for Indians in recent years. They offer many benefits, including the convenience of cashless transactions, reward points, cash back, and much more. However, using a credit card also comes with certain charges, many of which cardholders may need to be fully aware of. These charges can vary based on the card type, card issuer, and the credit card plan one opts for.

While credit cards offer immense convenience and benefits, it is of paramount importance to understand the plethora of charges they are associated with. Knowing these charges can help one use their credit card wisely and avoid any unexpected costs. Reading through all the terms and conditions thoroughly before applying for a credit card is a must. Always remember, credit cards can be a boon to your financial health if managed judiciously but a bane if used recklessly.