Friends, credit has become an integral part of today's youth's lives, used to meet their needs. However, if not managed carefully, it can easily lead to debt. Rising interest rates and late payments can cause your bill to rise faster than expected. Let's explore how to reduce this:

Avoid making only minimum payments: Paying only the minimum amount on your card increases the remaining balance and accrues more interest over time.

Aim to pay in full or at least in full: Whenever possible, try to pay the entire bill or at least 80% of the balance to reduce interest and debt.

Consider balance transfers: If your card's interest rate has increased significantly, consider transferring your balance to a card from another bank.

Use EMIs for large payments: Instead of making a large bill payment all at once, convert it into equated monthly installments (EMIs). EMIs typically have lower interest rates.

By following these tips, you can reduce your card bills by more than half and avoid falling into a debt trap.