The benefits of a credit card get spoiled if the cardholder starts overspending and eventually fails to pay the entire bill on time or the minimum amount within the due date. As the rate of interest and penalties on outstanding amounts of credit cards are high, the mismanagement of cards may wrack a cardholder.
To avoid this, cardholders must not exceed their paying capacity and try to pay the entire bill or at least the minimum bill amount on time.
However, tracking all the transactions may not be possible for every cardholder, resulting in the total amount spent crossing the paying capacity.
To make things easy for the cardholders, Uni Pay has brought 1/3rd card, which is India’s first pay later card that automatically splits transactions
Read more on financialexpress.com