1. Before choosing a credit card know all the features like interest rates, repayment options, grace period, credit limit, Annual charge and other terms and conditions. Also look for best offers like reward points, cashback etc.
2. Stay in your credit limit and Don't spend more than you can afford to pay on a monthly basis. Try to clear all debts each month and avoid making minimum payments only.
3. If you use your credit card to make everyday purchases, make sure you pay them on a monthly basis. Don’t withdraw cash using credit cards because it will charge heavy fees in the name of Cash Advance Fees.
4. Most important keep track of your spending's, Check your online account frequently.
5. Having only one credit card can help you manage your spending and will be easy to track. Avoid multiple credit cards.
6. In case your card is lost or stolen, keep an accurate record of the Account number, Issuer’s name, Date of birth and other security information’s. And most important keep helpline numbers.
7. Before closing a credit card make sure you pay off all the debts otherwise latter it may create unnecessary inconvenience.
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