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8 Situations When You Should Not Use Your Credit Cards

By SiliconIndia   |   Tuesday, January 7, 2014
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Bangalore: Think of a situation where you met with an emergency and you are in need of urgent money. You pull out your credit card to meet the emergency and repay it on the course of time. Credit cards are life savers!

Indeed, the ‘use and pay’ facility offered by credit cards is a boon; however, the other side of the coin can be a bane if not used the card with care. Using credit cards every now and then can land you up in a cash crunch situation.  Bankbazaar.com has listed out few situations when you must not use your credit cards to maintain a healthy finance.

#1 Avoid using credit cards for everyday expenses

Most common situation when people use credit cards—to buy daily items. There is absolutely no harm in using credit card for daily expenditure, but using it regularly is where the main problem lies.   It is better to prepare a budget and use your credit card within that limit. It is advisable to use debit cards or cash if you feel unable to wrap up within the stipulated frame.
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