BANGALORE: Plastic money has taken over the hard cash thus credit and debit cards have made an important place in most of our wallets. With the increased use of credit card, life has been much simpler, since one can spend without actually having the money in their pocket. But in the recent days credit cards are being offered to the youngsters who are just out of college. Thus there should be some major elements, a young credit card user must be aware of. Let us look at some such points as compiled by rediff.com.
Get the basics right!
Before starting to use a credit card the user has to know the basics about the service and how it works. It is as similar as lending money from someone and paying back later. Thus it is important to make sure that the expense does not exceed the income of the user. Having a credit card may interest the young user to spend more but the consequences are not very likely thus keeping a close check on your expenses will make a difference to the bill which you will have to settle.
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