The pros and cons of using a credit card
If you only make minimum payments while shopping impulsively, you will end up creating more debt for yourself, and your credit score might get affected by frequent defaults on payment
NEW DELHI: A credit card is like a personal loan, which makes for easy availability to consumers/ households. Credit cards also offer ease of transaction at merchant outlets, letting one purchase things and pay later. However, they are among the most expensive ways to borrow in terms of interest cost.