Very true Harish Kashyap. If you use credit cards within your means it is an excellent tool to avail credit. Spend within limits and pay bills on time. You will never be charged interest. Also, keep the credit limit as low as possible. Eg. If you know that your monthly spend will be in the range of Rs.4 to Rs.5 thousand, inform your bank to set the credit limit to Rs.7 to Rs.8 thousand or Rs.10,000 max. Any credit limit beyond that attract fraudsters.
