If you see, now people are giving more emphasis on digital transactions. After demonetization, it has seen a gradual increase and now people keep less cash and make more payments through UPI, etc. Not only this but now people pay through credit cards as well. By paying today with a credit card, you can return this money to the bank after about a month. In such a situation, if you are a credit card user and are getting your credit card upgraded, then you must know some things first. Otherwise, you may have to repent later. So let us know what are the things to be kept in mind while upgrading the credit card. You can learn about this in the next slides...
Pay special attention to these things:-
Number 1
If you have a basic credit card and are looking to upgrade it, be sure to know the interest you will have to pay on the amount spent through this card. Is it not that there is any other kind of fee along with the interest? Before upgrading the card, be sure to know about it.
Number 2
If you are upgrading your credit card, first check whether it has an annual fee and if so, how much. If it is more than your old card, then do compare the benefits available. If you do not see the benefit, then avoid upgrading the card.
Number 3
You may be asked to upgrade the credit card by calling the customer care center and you will be told all the benefits of this new card. In such a situation, see here whether you need these benefits. If not, then avoid upgrading the card.
Number 4
Whenever you get your credit card upgraded, make sure that you are not being given a business card by upgrading it. If so, then avoid taking it because you may have to pay more charges for getting cash by swapping this card than with a normal card.
(PC: Freepik)
