Bangalore: Do you think that a credit card increases your debt load? You may avoid using a credit card as you feel it can lead you to overspend. But in reality credit card holds many advantages which can help you manage your financial situation more efficiently and have a better credit history. How? Read below what 'Centre for Investment Education and Learning' has said on behalf of Economic Times. 

The various features of credit card which can help you improve your credit score are:

1. Using a credit card to make payments of your regular expenses can help you keep a track of your spending habit. Your credit card statement and charge slips will give you the record of your expenses which you can compare with your budget. This will give you an idea about whether your expenditures are within a limit or not and would restrain you from over spending and taking bigger debts.

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