Credit Card Users Alert! Avoid Using Your Card at These 7 Places or Face Heavy Losses

Credit cards have become a part of daily life. Used wisely, they help build a strong credit score and offer rewards. But one wrong swipe can quietly pile up charges, push you into debt, and hurt your CIBIL score. To stay financially safe, here are some places where using your credit card is best avoided.

Petrol Pumps

Paying for fuel with a credit card often attracts service charges and GST. There’s also a risk of card skimming at some outlets. A debit card or UPI is usually a safer and cheaper option here.

ATM Cash Withdrawals

Using a credit card to withdraw cash is one of the costliest mistakes. Banks charge a cash advance fee of 2.5-3%, and interest starts immediately, no grace period. Even a small withdrawal can quickly become expensive.

Loading Digital Wallets

Adding money to wallets like Paytm, PhonePe, Google Pay, or Amazon Pay via credit card comes with convenience fees and GST. These extra charges can add up, especially if you do it often.

IRCTC Ticket Bookings

Booking train tickets on IRCTC using a credit card usually means paying an extra 1-2% along with payment gateway charges and GST. Using UPI or a debit card can help you avoid this additional cost.

When You Already Have EMIs or Loans

If you’re already managing home loans, personal loans, or multiple EMIs, fresh credit card spending can increase financial pressure. Debit cards or UPI keep your spending limited to the money you actually have.

Unsecured or Suspicious Websites

Never enter your credit card details on websites without HTTPS or on links that look suspicious. Fake sites are a common source of fraud and data theft, putting your finances at serious risk.

Balance Transfers Between Cards

Shifting outstanding amounts from one credit card to another may sound helpful, but it often involves processing fees and high interest. Over time, this can cost you more than you expect.

A credit card is a powerful tool, but only when used carefully. Avoid these risky situations, stay alert to hidden charges, and you’ll enjoy the benefits without falling into a debt trap.