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Credit Cards

Reviews, Rewards, Debt Payoff

Credit cards are one of the easiest ways to lose control of your money, and one of the fastest ways to build it, depending entirely on how the balance is treated every month. In India, revolving a credit card balance means paying interest of 36 to 48 percent per year, often disguised behind a deceptively small minimum due amount. The case studies here follow two very different outcomes from the same starting point: high interest debt. Ajay's story shows how paying only the minimum due quietly turned a ₹50,000 bill into ₹1.8 lakh over years of compounding interest. Anshul's story shows the opposite path: how disciplined avalanche repayment cleared ₹2.4 lakh in credit card debt in 14 months, and how that same monthly amount, redirected into investing, grew into ₹1.8 crore. Both stories use real numbers, not hypotheticals, to show what credit card debt actually costs and what disciplined repayment can actually build.

Credit Cards Direct Answer
Credit Card vs Personal Loan: 5x the Interest Cost
₹2 lakh on a credit card at 42% costs ₹1,49,978 in interest. The same amount as a personal loan at 14% costs ₹30,462. Five times the price for the same money.
7 min read Read Story →
Credit Cards Direct Answer
Does Closing a Credit Card Hurt Your CIBIL Score?
Closing a card with a ₹2 lakh limit can push utilisation from 20% to 33% overnight without you spending a rupee more. Here is the maths and when to close anyway.
6 min read Read Story →
Credit Cards Case Study
Ajay Paid ₹2,500 Every Month. His ₹50,000 Bill Was Quietly Becoming ₹1.8 Lakh.
Ajay never missed a payment: he paid the minimum due every month. Here's how that habit was turning a ₹50,000 bill into ₹1.8 lakh.
8 min read Read Story →
Debt & WealthCase Study
From ₹2.4 Lakh Credit Card Debt to ₹1.8 Crore Wealth: Anshul's 14-Month Journey
No personal loan, no shortcuts: 14 months of disciplined avalanche repayment, then the same ₹18,000/month pivoted into ₹1.8 crore.
9 min read Read Story →
Frequently Asked Questions
Most Indian credit cards charge 36 to 48 percent per year, roughly 3 to 4 percent per month, on any balance carried past the due date. This rate applies to the entire outstanding balance, not just new purchases, once you stop paying in full.
The debt avalanche method means repaying your highest interest debt first while paying the minimum on everything else. For most people this means clearing credit card debt before any other loan, since credit cards usually carry the highest interest rate of any common borrowing.
Yes. A high credit utilization ratio, the percentage of your credit limit you are using, lowers your CIBIL score even if you never miss a payment. Keeping utilization under 30 percent and paying in full each month protects your score.
A personal loan can make sense if its interest rate is meaningfully lower than your card's rate, typically 11 to 16 percent versus 36 to 48 percent, and if you have the discipline not to run up the card balance again afterward.
Stop new spending on the card, pay more than the minimum every month, and direct any extra amount toward the balance with the highest interest rate first. Anshul's 14 month journey from ₹2.4 lakh in debt to ₹1.8 crore in wealth shows exactly this approach in practice.