Not accessing your CIBIL report

Being in touch with your credit and transaction history is more important than making up to it in spending. CIBIL report reads your annual report, loan requests, payments, interest rate at which you are paying and other requests you have applied for.

Third party transactions may also lead to account hacking, and credit dislocation or back door loan incumbents. So in order to get hold read through your CIBIL reports at least once a year.  .

Attracted to offers

Credit cards companies come up with juicy offers, a way to offer credit with added features.         

Some customers enable credit cards only for such offers; these ads are enticing only on no balance. So with added balance and increasing interest in tow to these offers will outweigh the reward options.

Not going through the finely printed T&C

Big bold letters announcing a whole new world, full of happiness with fine printed price you have to pay for it. The price is too high if you are not aware of it, this method of luring in customers is most likely aimed at attracting customers, rather the real benefits.

So to avoid such mishaps consciously read through them.

Using only one credit option

To have CIBIL recommend you for further up gradation in your credit account you have to avail House Loans, Car loans and a couple of credit cards. It is therefore advised to maintain a healthy mix of secured and unsecured debts. So by catching up through the above steps, credit card may actually be what it is advertised.

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