If you use credit cards indiscriminately, then also know the disadvantages.

Always remember the last date of payment after credit card spending.

The bank levies late payment charges for non-payment of credit card on time.

 On late payment of credit card, the bank charges interest every day.

Customers do not make payments on time, and this is the only source of income for the bank.

 The bank charges an interest of 30 to 50 percent per annum on the late payment of the credit card.

In any case, the customer should pay the minimum due amount of the credit card.

 The bank does not levy late payment charges for paying the minimum dues amount.

Failure to pay the minimum dues amount can adversely affect the CIBIL score.