Credit cards: A financial convenience or a debt trap? Experts explain how smart usage makes the difference

Responsible usage determines whether a credit card becomes a financial friend or a debt trap, according to experts.

Timely repayments and disciplined spending help improve credit scores and maximize rewards while avoiding debt.

Mukesh Pandey, Founder & MD of Rupyaapaisa.com, notes that impulsive purchases and payment laziness lead to debt, not the card itself.

India's credit card usage crossed ₹2 lakh crore in May 2026, showing widespread adoption as a payment tool.

Pandey advises that a credit card is a payment instrument, not a borrowing tool, and timely payments yield rewards.