Credit cards serve as a solution to most of your purchases and problems. With the advent of a wide range of cards offered by major banks, you can pay for anything and everything with your credit card, even groceries.

These cards are a solution, yes, but only when used smartly. If you get your hands on a credit card and you go for a shopping spree, that’s not spending wisely. Your card just becomes a liability at the end of the month with a huge bill to pay off.

Click on this link to know more:- https://cardinsider.blogspot.com/2021/12/is-paying-with-credit-card-safe.html

Credit card bills adding up on a monthly basis and not being able to pay in full has become a common occurrence for most people nowadays. Due to this, every month, your bill adds up to the previous months resulting in a large debt that needs to be paid.

This is if you have one credit card. If you hold more than one, if you do not spend wisely, you have multiple debts which hit your monthly budget as well as your credit report.

Click here on this link to know more.

The credit card debt cycle is an actual term given to this where you might end up spending more with a credit card in hand. This leads to a huge credit card bill, probably more than what your budget is. This, in turn, results in borrowing money in the form of a loan to pay off these debts. Hence, a cycle.