BENGALURU: Credit Cards have become a part and parcel of our professional lives and we depend on them more than ever for each and every purchase we make. But we seldom resume reconciling our over-expenditures with it. When used judiciously, your credit card can help you build up your CIBIL score. On the other hand, reckless use and failure to repay the outstanding amount on time can bring your CIBIL score crashing down, according to rediff.com.

Try Negotiating With Your Card Issuer:

If you are facing the problem of re-paying your credit card debt, don’t panic but instead go to your credit card branch office and discuss your problems in repaying the outstanding amount with your bank. More often than not, your relationship manager is more than willing to see where your problems really are and may help you out in working out a plausible solution that works best for both you as well as the bank.

Always Choose Cards Which Offer Better Rates Of Interest:

Indian credit card market is now a bit competitive as each and every company is trying its best to come up in the market. This is probably the reason you receive a lot of offers in the form of direct mailers from credit card companies every second day. Instead of trashing them always, take the time to check out every once in a while if there is any interest rate reduction that a new card is offering.

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