QUESTION: How to properly use a credit card and avoid overpaying?

Proper use of a credit card requires financial discipline and a clear understanding of banking rules. To avoid unnecessary expenses, it is necessary to follow a few simple yet effective financial security rules.

The first and most important rule is strict compliance with the credit grace period. Always try to repay the debt in full before this period expires so that the bank does not charge interest for using borrowed funds.

The second rule concerns cash withdrawals from a credit card. Never use the card for cash withdrawals at ATMs or transfers to other accounts, as these operations usually incur a high commission and immediately trigger an increased interest rate without any grace period.

To successfully monitor your finances, it is recommended to use the bank's mobile app. Set up notifications for transactions and mandatory payment dates so you can deposit the required amounts on time and avoid accidental delays.

Carefully study your bank's tariffs and watch out for hidden fees. For example, some financial institutions may charge a fee for annual maintenance, SMS banking, or insurance if you fail to disable these paid options on time.

Always keep track of the balance of installments and special offers from bank partners. If you make a large purchase in installments, clearly calculate your monthly income and expenses to guarantee that every payment is closed on time.