Credit cards promise cashbacks, points, discounts, and convenience. But are you actually getting your money’s worth—or losing more through fees, charges, and reward downgrades?
As more users in India begin to rely on credit cards, banks have quietly started increasing fees, reducing rewards, and introducing hidden costs that eat into your benefits.
At Vizzve Finance, we help you decode the fine print, optimize your card usage, and even offer debt relief or balance transfer solutions if your credit card becomes a burden.
⚠️ Hidden Costs of Credit Cards
Annual & Renewal Fees
Many cards that were once free now charge ₹499–₹5,000+ annually unless you hit a spending milestone.
Reward Point Devaluation
Cash back percentages drop. Points expire. Redemption value decreases—all quietly.
GST & Add-On Charges
Every fee has 18% GST added. Even a ₹500 late fee becomes ₹590.
Late Payment Penalties & Interest
Miss a due date? Expect up to 42% annual interest plus penalties.
Foreign Transaction Markups
Travelling abroad? Most cards charge 2.5–3.5% markup, not including currency exchange fluctuations.
✅ Vizzve Insight: Use our Credit Card Cost Calculator at Vizzve Finance to see how much you actually spend on fees vs benefits.
💳 Are You Still Getting Real Value?
Ask yourself:
Are you paying more in fees than you earn in cashback?
Have reward points lost value or become harder to redeem?
Are you carrying an unpaid balance that’s costing interest?
Are you using the right card for your spending pattern?
If your answer is yes to even one — it may be time for a credit reset.
💡 Vizzve Finance Can Help You:
✅ Balance Transfer Loans: Shift your high-interest credit card debt to lower-cost EMI options
✅ Personal Loans for Card Repayment: Escape the debt trap with quick funding
✅ Smart Credit Card Analysis: Free tools to evaluate your current credit card’s actual benefit
✅ Credit Score Check: Know where you stand before applying for any new loan or card
✅ Expert Guidance: Choose a credit product that fits your lifestyle, not just your impulse
🔁 Smart Credit Card Habits You Can Start Now
Always pay in full before the due date
Track your spending by category (travel, groceries, fuel)
Use one or two cards optimally, instead of many
Redeem points before expiry
Switch to low-fee cards if your usage is limited
Avoid minimum due traps — they cost you more long-term
FAQs
Q1: Is it worth paying a high annual fee for a credit card?
A: Only if the rewards outweigh the fees. Otherwise, switch to a low-fee or zero-fee card. Vizzve Finance can help analyze your current card's net value.
Q2: What’s the best way to pay off credit card debt?
A: Consider a balance transfer or personal loan from Vizzve Finance for lower EMIs and faster repayment.
Q3: How do I avoid hidden charges?
A: Read the terms, check monthly statements, and use Vizzve’s free credit tools to track costs.
Q4: Can I check my CIBIL score for free?
A: Yes! Vizzve Finance offers free credit score checks to help you make better loan and card choices.
Published on 3rd july
Publisher : SMITA
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RBI-Registered Loan Partner | 10 Lakh+ Customers | ₹600 Cr+ Disbursed.