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Beware of credit card traps! How to avoid high interest, debt trap & more: FAQs answered

IndiaTimes Thursday, 18 January 2024
This article discusses the risks of credit card usage, including high interest rates and the story of a veteran banker who faced charges due to a small oversight in his credit card bill. It emphasizes the importance of understanding credit card intricacies, making timely payments, and avoiding excessive interest charges to prevent falling into a credit card trap.
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News video: Survey Details Credit Card Debt Facing 56 Million Cardholders

Survey Details Credit Card Debt Facing 56 Million Cardholders 01:31

Survey Details , Credit Card Debt , Facing 56 Million Cardholders. CBS reports that recent data suggests nearly half of all consumers in the United States are living with credit card debt. According to a new survey by Bankrate, 49% of credit card users have a balance from one month to the next,...

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