new Delhi. Since the work from home culture in the Corona era, most employees are getting half of the salary. In such a situation, credit card people are very useful to survive in this difficult time. People are using it to fulfill their needs. But there are still many people who do not have credit cards, but they are thinking of applying for it. If you are also planning to get a credit card for the first time, then it is important to know some things before that. Otherwise, financial burden may be increased on you.
No-frills card is a better option
If you are taking a credit card to meet your daily needs or requirements, then initially take a card with a low spending limit. This will not hurt you in paying the installment. Also, there will be no problem of paying any annual fees in this. Such cards are called no-frills cards.
Apply in your bank
If you are planning to get a credit card, then apply in the same bank where you have an account or fixed deposit. By doing this, you will get a credit card easily from the bank because you will be regular customers of the bank. It does not have to do much paperwork.
Can take credit card on FD
If you do not have a credit score or have a low credit score, then such people can take a credit card on their FD. With this, the bank will keep your deposit as security for the expenses incurred by credit card.
Take care of charges
Different types of charges are taken from the bank while taking a credit card. So try to get a credit card with the least charge. Choose a card in which you have to pay minimum joining fees and low annual maintenance fees.
Avoid additional expenses
People’s expenses increase as soon as they take a credit card. If you overcharged the card by spending more than the limit, your credit score may deteriorate and you may have to pay an additional charge for it.