Annual Fee on Credit Cards
There are so many reasons why people have stopped using their credit cards completely :
how to use your credit card wisely :
- Higher Interest : Cardholders should control their debt, paying off the entire balance for their monthly utilization.Many card holders cannot their outstanding amount quickly. If any late payments or go over limit, this may cause to pay high interest in addition to other fees or penalties.
- Credit Card Fatigue : Some cardholders become frustrated with their credit cards by paying off late fees and penalties.
- Control over usages : When you prefer to pay full for your purchases with cash or debit cards, this help you to eliminate the risk of debt.
- Identity Theft. People who do not have credit cards may have a reduced risk of identity theft.