New Delhi, April 26 -- A credit card has now become an indispensable item for many of us in our daily lives. A financial tool that offers easy credit, helps manage large expenses, improves chances of loan approval, builds credit score and acts as the prime support for emergency situations can be misused in several ways. As a result, one may find themselves trapped in debt, penalties, and a damaged credit score.

AU Small Finance Bank underscored the importance of credit cards as a preferred payment tool for travel-related expenses ahead of the travel season, marking a notable shift in consumer spending behaviour. More travellers are opting for credit cards to fund their journeys as it offers convenience, rewarding benefits, and flexible r...