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How to use Credit Card Wisely
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<blockquote data-quote="princeoo7" data-source="post: 2343507" data-attributes="member: 37216"><p>Well I am new to the world of Credit Cards and know very little on the matter, so lets discuss on the same here <img src="/styles/default/xenforo/smilies/angelic.png" class="smilie" loading="lazy" alt=":angelic:" title="Angelic :angelic:" data-shortname=":angelic:" /></p><p>Thinks I know:</p><p></p><p>1) Use 30% of the credit limit to be on good side of CIBIL Score.</p><p>2) High amount purchase can be converted to EMI's.</p><p>3) We get discount on purchase events in amazon, reliance digital store, flipkart <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite7" alt=":p" title="Stick Out Tongue :p" loading="lazy" data-shortname=":p" /></p><p>4) Never Ever remove cash from ATM using Credit Card.</p><p>5) Pay full amount within 50 days period. partial payment will get interest rate attached from day one.</p><p></p><p></p><p>Now I know a the above be below is what I want to know:</p><p>1) Can I purchase good's exceeding the Credit Card limit when I have cash in account and can pay directly but instead of debit card want to have this transaction on credit card as it gives reward points and we can have the spending quota fulfilled as well side by side.</p><p>2) What would be a safe amount to be allowed for contact less payment method.</p><p>3) Does Shopping Groceries with Credit Card should be done in local market or malls ? if yes then is the amount deducted from the account and not the limit, right ?</p><p>4) If you want to have a certain credit card and don't want to use the current one from the same bank should you close the current one and ask the new card or get the new card first and then close the current one.</p><p></p><p>Other People can hijack the threads if they have any queries on the same <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite7" alt=":p" title="Stick Out Tongue :p" loading="lazy" data-shortname=":p" /></p></blockquote><p></p>
[QUOTE="princeoo7, post: 2343507, member: 37216"] Well I am new to the world of Credit Cards and know very little on the matter, so lets discuss on the same here :angelic: Thinks I know: 1) Use 30% of the credit limit to be on good side of CIBIL Score. 2) High amount purchase can be converted to EMI's. 3) We get discount on purchase events in amazon, reliance digital store, flipkart :p 4) Never Ever remove cash from ATM using Credit Card. 5) Pay full amount within 50 days period. partial payment will get interest rate attached from day one. Now I know a the above be below is what I want to know: 1) Can I purchase good's exceeding the Credit Card limit when I have cash in account and can pay directly but instead of debit card want to have this transaction on credit card as it gives reward points and we can have the spending quota fulfilled as well side by side. 2) What would be a safe amount to be allowed for contact less payment method. 3) Does Shopping Groceries with Credit Card should be done in local market or malls ? if yes then is the amount deducted from the account and not the limit, right ? 4) If you want to have a certain credit card and don't want to use the current one from the same bank should you close the current one and ask the new card or get the new card first and then close the current one. Other People can hijack the threads if they have any queries on the same :p [/QUOTE]
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