Only Debit Cards.
by utpal ganatra on Nov 05, 2007 05:46 PM Permalink | Hide replies

Only Debit Cards should be used. There is no benifit of Credit Cards. Why to pay later? If you have money in your bank account pay at that time only.

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RE:Only Debit Cards.
by Harish Kashyap on Nov 05, 2007 05:57 PM Permalink
No harm in using credit cards, but you should feel that you are really spending money. Unfortunately, people tend to think that credit card is free money.

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RE:Only Debit Cards.
by Vikas Vadgama on Nov 06, 2007 03:17 PM Permalink
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.

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