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Credit card

The use of credit card has become common nowadays. It helps a lot in meeting our needs, but if you do not take some precautions then your card can also be shut down suddenly. In such a situation, if you also use a credit card, then you should not forget some mistakes. Let us know which are the things that should be avoided, so that your card is safe.

Not complete kYC

Your bank or card company has to confirm your identity and address, which is called KYC. If you have not completed the KYC or ignored the mail and notice sent by the company, then your card may be canceled. Therefore, complete the KYC process on time.

Not to use cards

Many people think that the united card is safe, but it is not so. If you do not use your card for a long time, the bank can close it because they do not benefit from that account. Therefore, use the card at least once a month.

Not paid on time

If you do not pay your credit card bill on time, and it lasts for several consecutive months, then the bank or card company can cancel your card. Therefore, at least the minimum amount should be repaid on time every month.

Avoid credit card company's credit check

Card companies periodically do soft inquiries of your credit report to check whether you are paying other loans at the right time. If there is any problem in this investigation, then your card can be closed, so keep paying the rest of your payments on time.

Pay attention to disturbances in transaction

If there are unknown or suspicious transactions on your card, the bank can block the card due to safety reasons. So always monitor your expenses and report any unknown transaction to the bank immediately.

Must pay minimum payment

If you have been thinking that there will be no problem in paying less than minimum payment, then let us tell you that doing so can cause your card to be canceled. Therefore, always pay the minimum payment or more mentioned in the bill.