This episodes talks about using a credit card for your frequent spends. There are three main things that you need to keep in mind.

Firstly, using a credit card is like taking a loan. If you don’t repay the loan on time there will be interest dues which get added at a rate of 30%-36% annually. Lastly, you should never spend more than 10%-15% of your credit limit in a month. The credit limits assigned by card companies are usually much higher than your actual monthly affordability. Be mindful not to overspend.