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![Increasing Credit Card Debt In India](https://gigconnects.in/wp-content/uploads/2023/10/Debt-250x250.png)
The Increasing Credit Card Debt In India .
The Billion Dollar question about increasing Credit Card debt in India is whether it is growing confidence or deleting savings. While it is good to spend via Credit Cards , if it is for an offer or reward points .To use Credit cards for extravagant spending might people towards debt. Credit limit utilization shall not be more than 20% of total limit at any time. If it is increasing more than 20% , it is a danger alarm .