Credit card traps: 6 things you must know to avoid paying extra

Credit card issuers charge high interest rates on all transactions, including unpaid EMI installments, if cardholders fail to pay the outstanding bill amount in full. This article explains how credit cards work, when interest rates are charged, the impact of making minimum payments, and how to avoid falling into the credit card trap.

Credit card traps: 6 things you must know to avoid paying extra
Credit card issuers charge high interest rates on all transactions, including unpaid EMI installments, if cardholders fail to pay the outstanding bill amount in full. This article explains how credit cards work, when interest rates are charged, the impact of making minimum payments, and how to avoid falling into the credit card trap.