5 things you should not pay with credit card

credit cards uae

With credit cards being widely accepted everywhere you go, it seems unnecessary to carry cash or even use your checkbook. However, using credit cards can be a costly affair. If you miss one or several payments, banks are quick to charge late payment fees and the interest rates can cost you a house in the long term.

“Credit cards are the most expensive form of finance with interest rate in the range of 32-36 per cent per annum. In that sense, any credit card bill paid partially involves that kind of interest,” said Preeti Bhambri, founder of personal finance site MoneyCamel.com.

Published: Gulf News- July 5,2015

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