The perks are shiny. The cost is silent.
Credit cards sell you a dream ..cashback, flight miles, lounge access, and flashy offers. It feels like free money. But here’s the hidden truth: you often pay for it with your future wealth.
Many people start spending more just to “unlock” a reward. ₹2,000 cashback on a ₹50,000 purchase? That’s a 4% return if you pay in full and on time. Miss that due date? The 4% reward turns into a 36–42% interest trap per year.
Even minimum payments the seemingly “safe” option, only help banks. You avoid a late fee, but interest keeps piling, quietly compounding against you.
And those EMIs on your credit card? They may feel manageable, but they’re just another form of high-cost borrowing disguised as convenience.
In the pursuit of points, people end up spending more than they need, ignoring budgets, and losing track of real priorities. Over 5–7 years, these habits can cost you ₹3–5 lakhs or more money that could’ve powered investments, emergency funds, or actual lifestyle upgrades.
Credit cards aren’t evil. But they’re tools, not toys.
Use them wisely: Spend only what you can pay in full Never chase rewards you weren’t planning for Track usage like you track investments
And if you’ve slipped, reset — not regret
Because no amount of “free miles” is worth delayed financial freedom.