Just Got My First Credit Card

[Doubt?]

I just got my first credit card and I am like confused because I don't know a lot about credit cards. I have got Magnet Fd based credit card and I don't have any credit history. I just want know some basic things which is required to keep in mind while using credit card. Also I want to know when SBM bank reports the transactions to Cibil. Anyone can guide me. Think that I don't know anything and just want to learn.

 

[shivamid6]

I just got my first credit card and I am like confused because I don't know a lot about credit cards. I have got Magnet Fd based credit card and I don't have any credit history. I just want know some basic things which is required to keep in mind while using credit card. Also I want to know when SBM bank reports the transactions to Cibil. Anyone can guide me. Think that I don't know anything and just want to learn.

Use 30 % of your CC limit to keep Credit Score better.

 

[zacobite]

I just got my first credit card and I am like confused because I don't know a lot about credit cards. I have got Magnet Fd based credit card and I don't have any credit history. I just want know some basic things which is required to keep in mind while using credit card. Also I want to know when SBM bank reports the transactions to Cibil. Anyone can guide me. Think that I don't know anything and just want to learn.

spend as LESS as possible .. Pay on time in full.. don't apply for too many credit cards in a hurry.. use for 12-18 months.. build slowly for a great life ahead...

 

[Skylar]

Watch these basic videos, those are enough to understand everything you need.

 

[zacobite]

View attachment 1493

Watch these basic videos, those are enough to understand everything you need.

yes.. needed