Like everything in the world, Even Credit Cards are not perfect. They may fail, Display errors, Charge heavy fees, or cause other types of inconvenience.
However credit cards can be economy lifeline in many situations. It's good to know how to fix this common issues with the credit card, Here are five problems you might run into when using your card, Along with some quick credit card tips to get you out of this mess.
A declined card is one of credit card issue you probably have to avoid at any cost, This may happen if you have exceeded your credit limit or not paid past dues
Tip:- If your card was declined due to non-payment or credit limit exhausted, Pay your bill or ask your bank for limit enhancement.
2. Late or Missing Payments may become:-
This is one of the most credit card mistake happens usually when you forget to pay your bill on time.
Tip:- You can easily automate your bill payment. That way your bills always paid on time no matter how busy you are.
3. The annual fee is too high:-
This is another problem you might face, A high annual fees can cause you a lot to loss over a years. That's unnecessary too, as you can find many great options in the market that offers best features cards with no annual fees.
Tip:- Spend a annual spending money to wave off your annual fees or Exchange with better credit card which offers you great discounts and no annual fees.
4. Too much debt:-
If you have lot of debts, using an credit card can be a bit of hassle, First it can be difficult to resist the urge to spend money as a result it increases your debt, However paying attention to your spending habits can be helpful.
Tip:-If you have lot of debts considering to transfer your balance to an low interest rate credit card can be useful for you.
5. Some credit card won't work abroad:-
Some credit cards like RuPay cards works only for processing payment domestically, As it won't work traveling abroad. The transaction cost associated with rupay card are very minimal as all transactions takes place within India.
Tip:- Ask your bank for Exchange with Visa payment card Or Get exchanged with new card with visa payment system .
Conclusion:- However if you use credit card wisely even credit cards have pro's which are Buying on credit, Unlimited reward points, Improve your credit score, Most acceptable payment method.
