Understanding the hidden cost of credit products ft. Credit card and BNPL| Part 1

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We're in a world where you can buy things just by swiping a card, and for those without cards schemes like Buy Now, Pay Later (BNPL) are readily available to help you out. However, the reality is not as promising as it may seem.

Currently, there are 85 million credit cards in the hands of Indian citizens. According to an RBI report, credit card debts have exceeded a substantial 2 trillion rupees in India. This number undeniably calls for attention.

In this episode of Temperament by 1 Finance, we've gathered industry experts to provide guidance on these payment options. You will know about the hidden charges these cards and payment methods have and practical tips on how you can use them wisely.

Check part 2 of this episode to learn about a comprehensive analysis of BNPL Schemes and how you can leverage reward points through your credit card with the right behavior.

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