Some of you already know a lot about credit card interest but some of you are not aware that when you pay the bill late the bank will charge you a lot. . The bank will increase the interest rate if you are late for the payment, and it might affect your credit history negatively.
Don’t use Credit Card as an ATM
In fact, you can withdraw money from a credit card when you need cash, but you have to think twice before you get cash out. Use it when you need in case of emergency or there is no choice. If you keep cashing out from an ATM, the interest rate keeps going higher. One more thing, you should pay back the money you have withdrawn as soon as possible to avoid higher interest rates.