If you are using a credit card or applying for a credit card, then before that there are some important things that you should know about. If you ignore these things then your credit card can be cancelled.
1. Nowadays most of the people run after maintaining their budget. When we have to buy something immediately and its cost is out of our budget. So maintain your budget while taking goods from credit card also.
2. Pay your credit card payments on time. If you do not pay the credit card payment on time, then you may have to pay late fees and your credit score may also be affected.
3. Never spend more than your credit limit. By doing this the bank can block your card. Every month you are allowed to spend only up to a limit on the credit card.
4. When the debit card is swiped, money is withdrawn from your bank account immediately. If ever the debit card is swiped by mistake, it can take up to a week to get the money refunded.
5. Withdrawal of cash from ATM through credit card should be avoided. Credit period is not available for cash withdrawal from credit card. The interest charged on your card starts from the day you withdraw money from the ATM.