How to use a credit card wisely?

Using a credit card wisely involves disciplined spending and timely repayments to build a strong credit profile. To manage your card effectively:

• Pay your total statement balance in full by the due date to avoid high interest charges.
• Keep your credit utilization ratio below 30% of your total limit.
• Monitor your monthly statements regularly to identify errors or unauthorized transactions.
• Avoid using credit for expenses beyond your repayment capacity.
• Understand the terms, including annual fees and interest rates, to avoid hidden costs.