How to use a credit card wisely?

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How to use a credit card wisely?
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Choose the right credit card
You can only use a credit card wisely when you
have the right credit card. Analyze your needs
and spending habits and then choose a card that
matches them. So that after receiving it you can
earn the benefits instead of just increasing the
expenses.
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Earn rewards/cashbacks
Know the rewards program of your credit card. Use
your credit card to earn the reward
points/cashbacks. Being mindful of the rewards
program, use your credit card only for those
transactions that allow you to earn incentives in
return.
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Redeem the rewards
Rewards come with an expiry date. In order to use
your credit card wisely and to make the most out
of it, redeem your rewards points as soon as
possible once you are eligible for the redemption
because they will expire if you do not redeem
them.
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Pay more than the minimum amount
Thinking of paying just the minimum due amount so
that you can avoid the interest charges. Then you
are wrong, paying the minimum due amount will
only help you to avoid the late payment charges.
Do yourself a favor and pay more than the minimum
due amount as it will take some load off your
shoulder while paying the rest amount with the
interest charges.
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Pay the credit card dues in full
Frequently defaulting on the credit card payment
can affect your credit score negatively. So, pay
your credit card dues in full and on time as
well. If you forget the due dates then you can
register for the auto-debit services. On every
due date, the credit card dues will be debited
from your account automatically and it will also
help you in building a good credit score.
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