New Delhi, Oct. 28 -- Avoiding late fees on credit card bills is crucial for users to ensure that credit card usage remains a pleasant experience. Such discipline can also help card users to maintain a clean credit profile and a strong credit score.

According to a recent report, over 42% of credit card users spent more than Rs.50,000 on festive shopping this year. This points towards the increasing aspiration of credit card users to make expensive purchases and noteworthy financial commitments towards premium products and services.

Furthermore, about 22% of the survey participants spent between Rs.50,000 and Rs.1 lakh this Diwali, whereas 20% spent more than Rs.1 lakh on their credit cards to purchase new products and services.

The pro...