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5 credit card mistakes you should avoid during covid-19 lockdown

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If you signed up for a travel credit card or fuel card recently, anticipating all the trips you will take and the points you accumulate in the process, you are probably disappointed.

But credit cards are still a great way to make transactions easy and have quick access to funds in case of an emergency. However, like almost every other aspect of our lives, the way we use credit cards has to be revisited in light of the covid-19 pandemic.

Here are five mistakes that you need to avoid making with regard to your credit card in the covid-19 times. Opting for moratorium In March, the Reserve Bank of India (RBI) announced a three-month moratorium on the repayment of all term loans due between 1 March 2020 and 31 May 2020.

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