Handle your credit card with care
By Ankit Sharma
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Make sure that you are on a secure site

With internet facilities improving, on-line shopping is an easier option. However , you should take a few precautions. When you enter your card details during the payment process, make sure that you are on a secure website. See if here is a tiny padlock icon on the screen. The website should start with "https"- the ‘S' signifies that the website is secure.

Maintain secrecy

You should respect the security features and adhere to security procedures in order to have a safe card usage. Do not disclose your card or CVV number. Protect your personal details at any cost. Adopt safe transaction procedures such as MasterCard Secure or Verified by Visa for the internet transactions.

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(Comments Posted : 1) Post Your Comments
1. Getting the first credit card is one of the most important events in your life. It signifies your entry to credit. Most of us spend a lot of our time with credit cards without knowing much about them. We take you through your credit card and introduce you to the world of convenience and complexity.
Know your credit card:
Finance charges -The finance charges are paid based on a monthly percentage interest rate ( say 2.65 %) and is calculated on a average daily balance method for most credit cards in India. This is calculated by the simple formula:
Interest calculated = (outstanding amount x 2.65% per month x 12 months) * no. of days / 365
Then there is a thing called the grace period, during which the balances on credit card do not attract finance charges provided the credit card holder repays the entire outstanding amount in full with the monthly credit card bill. The grace period varies with every credit card and usually is between 20 to 60 days. It is also called the interest free period.

Also, your credit card payments have impact on your credit score. So make sure you use it wisely. You can check your credit score for free by visiting
Ishika (Posted: Oct 15, 2015)
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