Credit card

I use only for free lounges at airport 😂

Why not use almost free debt with different offers. I don't use my bank balance for any expenses apart from credit card bills. Credit cards are essential for building credit history.

Depends on you. Do you feel you have a need for it? People go entire lives without getting a credit card, they don't feel they have missed out on anything

Little late for this post… just a month back and someone would have been selling you Axis Magnus here ;)

If you want to get used to debt trap, don't waste time in having it

I have one, but do not use much. Actually, I don’t do much shopping or eating outside. Is there anything else that can be done from credit cards???

Here's the thing, if you can plan your expenses and always make sure you pay your bills on time, not overspend chasing offers/rewards then credit cards are great. I use them personally.

However, companies don't offer rewards out of the kindness of their hearts. People who overspend end up paying high interest and/or fall into a debt trap.(that's how companies offer discounts/rewards) If you're an impulsive person who doesn't think before spending then stay away from them.

I have had a credit card from the day that could. I wanted to get a credit card to build my credit history and for the benefit.

My annual spending is around 3-4L. Mostly food, home stuff, groceries, etc. Big purchases are on the card only if I am getting a good offer, like a 5% discount. I got about 12k is cashback over the last year.

It takes a bit of time and effort, but the cashback and benefits do add up over time, especially once you get the better cards.

The one thing that you should always keep in mind is that you only spend what you have and always pay it on time. Don't spend money that you don't have.

You’ll need a credit history when you want to buy a house or a car, or god forbid for an emergency loan.

If you think you don’t want to over spend, you can link it to all your subscriptions and just break the card. It will keep on getting monthly usage which you can pay using CRED paytm, and not use it for large purchases or shopping.

Nice to have, not a must. But it helps if u use it wisely