The Truth About Credit Cards
Have you read this interesting piece by Hiral Thanawala called Be cautious of over leveraging while using multiple credit cards: Yes Bank ?
Here is a little gem from the article:
Attractive discounts and deals on credit cards have fuelled the demand for cards from first-time users. Financial planners caution in using credit cards as its most expensive forms of credit. Generally, on a credit card outstanding amount gets charged about 3% per month which turns out to be 36% on an annualised basis.
For more valuable insights on credit cards, have a look at the full text.