New Transaction Guidelines for Credit Card Users

While Credit Cards add a lot of convenience to our everyday lives, it is essential to use them responsibly. If you're planning to apply for a new Credit Card or have received one recently, here are Credit Card usage tips you should keep always keep in mind-

If this is the first time you're applying for a Credit Card, the selection deserves your utmost attention. You should always choose a Credit Card that aligns with your lifestyle.

For instance, if you'd be using your Card for online payments, select one that rewards you for online spending. Similarly, if you love traveling, look for a Card with features like Complimentary Airport Lounge Access and Hotel Membership.

After receiving your new Credit Card, the first step is to enable online transactions. So, how to enable Credit Cards for online transactions? It is a simple online process that can be completed within minutes.

For instance, AU Small Finance Bank allows Credit Card users to conveniently activate/deactivate transactions through its official website and even AU 0101 App. You only need to enter your card details and generate an OTP to enable online transactions on your AU Credit Card.

Credit Cards are offered after carefully analysing their repayment capability. While Credit Cards provide instant access to credit, you should avoid overusing them. Moreover, you should also pay the Credit Card bills in full on time so that you don't have to pay interest on the outstanding balance.

Every Credit Card comes with a spending limit set by the bank. After receiving new Credit Cards, many users end up using the entire card limit. However, this could negatively impact your credit score.

After making Credit Card transactions, you should regularly review your card statements for unauthorised transactions.

If there are any fraudulent transactions, you can report them to your bank and even get your card temporarily deactivated. For enhanced security, AU Small Finance Bank allows its Credit Card users to deactivate their Credit Cards online. 

Read More: AU Credit Cards – Features, Benefits and Offers

• Remember these tips if you want to apply for a new Credit Card and use it responsibly
• As the card issuer also plays a significant role in your Credit Card usage experience, ensure you choose a leading bank like AU Small Finance Bank for your new Credit Card
• With a wide array of Credit Cards, the bank ensures customers can easily choose a card as per their requirements.

Read More: New Credit Card Billing Rules, Explained