9 Things to Keep in Mind While using Credit Cards

Credit cards can be a real lifesaver, especially when you need instant funds during an emergency. However, they need to be used with care. Whether you already own one or plan to apply for a credit card, paying your credit card bills on time, staying within your credit limit, avoiding impulse purchases, and being aware of how credit works are all essential habits of a smart credit card user. When used responsibly, a credit card not only keeps your finances healthy but also helps you build a good credit score over time.

Here are some key points for you to keep in mind while using your credit card.
In India, banks and financial institutions offer a wide variety of credit cards, designed to meet your different needs and lifestyle. BOBCARD, for e.g., has multiple different Credit Card variants, including Everyday Shopping Cards, Co-brand cards for specific needs like Travel, Shopping, etc., Card for Privileged Professionals, specially designed cards for Defence personnel, Business cards, and more. You can either apply for a BOBCARD online at www.bobcard.co.in or by visiting any Bank of Baroda branch. 

And before applying, you should consider the following points:

1. Define Your Purpose 

Before applying for a credit card, take a moment to understand why you need one. Having a clear purpose helps you choose the right card and make the most of its features. Whether it’s for everyday spending, travel perks, lifestyle upgrades, or specific savings, getting yourself a card that matches your needs ensures you use it wisely and enjoy its full range of benefits.
For example: Want to save on groceries, movies, utilities, or daily essentials? BOBCARD EASY and BOBCARD SELECT cards offer great value on everyday shopping. Looking for premium travel and lifestyle privileges? Explore BOBCARD ETERNA, BOBCARD TIARA, or BOBCARD PREMIER, these are designed for those who enjoy elevated experiences. Need to save on fuel? HPCL ENERGIE BOBCARD gives you benefits every time you fill your tank at any HPCL retail outlet. Choosing a credit card with purpose ensures that every swipe is smart, intentional, and rewarding.

 

2. Take advantage of an Interest-free period 

Generally, banks and other credit card companies offer an interest-free period. With BOBCARD, you get upto 50-days of interest-free credit period on all purchases. This means, no interest on card purchases for this period, however, just ensure you pay your bill on time to get a refill on your credit limit. 

 

3. Eligibility

Before applying for a credit card, make sure you fulfill the credit card eligibility such as your age & income fixed by the card issuance company. Discover the BOBCARD of your choice and know all the guidelines at www.bobcard.co.in

 

4. Track your spends for Reward points 

Depending on your card type, you earn reward points on every purchase on your credit card. Like, if you are using a BOBCARD, you get reward points on your purchases which are redeemable as cashback. You should apply for a credit card that comes with lucrative rewards and discounts, however, never overspend just to earn these reward points.

5. Monitor Associated Charges 

You may have to pay various associated charges such as Annual fees, late payment fees, balance transfers fees, charges for a cash advance, and fees for increasing credit limit, etc. Make sure you have enquired about these charges in advance. Always check your monthly credit card statement to monitor the interest rate and charges levied on you.

 

6. Never withdraw cash through your credit card

Cash withdrawals from your credit card will incur both one-time fees plus high-interest charges. Therefore, take out cash via credit card only when you are in dire need.

 

7. Lost/misplaced/stolen credit card

 If your credit card ever gets lost, stolen, or even temporarily misplaced, act immediately. The sooner you report it, the better you protect yourself from potential fraud or misuse. Contact your credit card issuer right away, they will verify your details and block the card instantly to prevent unauthorized transactions. Thanks to technology, managing such situations has become much simpler. With the BOBCARD App, you can: Instantly block your card, raise a service request, track your complaint status, explore and access various other self-service features on the go. In emergencies, being quick and digitally empowered can make all the difference. That is why it is always a good idea to keep your Credit Card App handy on your phone.

 

8. Card details privacy

 You must keep your credit card details like credit card number and PIN confidential and never share these details with anyone to ensure safe and secure purchases.

 

9. Always pay Total Due and not just Minimum Due 

If you can comfortably pay back the total outstanding dues on your credit cards, always prefer to pay the same. If paying only the minimum due, there will be extra charges to pay as well, including late payment fee, interest on outstanding dues. You can pay back your BOBCARD credit card bills using multiple options, like InstaPay, Net banking, Auto debit, UPI etc. Learn more on our website www.bobcard.co.in

 

Summary

Credit cards are undoubtedly beneficial financial tools if used carefully. If not, it can turn into a threat to your finances. You should keep certain points in mind while using your credit cards such as - 

• Spend within your means and stay aware of your credit limit
• Make bill payments on time to avoid late fees and interest
• Understand your card’s features, charges, and reward structure
• Choose a card level that matches your lifestyle, whether it's basic, premium, or specialised

Using your credit card responsibly not only helps you manage short-term financial needs but also strengthens your credit score over time.
Ready to find a card that fits your lifestyle? Explore the full range of BOBCARD Credit Cards, from everyday essentials to premium lifestyle offerings, visit now: www.bobcard.co.in