How to make big-ticket buys using credit cards this Diwali. (Source: freepik) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Diwali, the festival of lights, is just a few weeks away. The festive season brings with it the impulse to shop, whether for home furnishings, gifts or gadgets. For some people, credit cards seem to be the simple way out for funding high-end purchases. But is using your card for big-ticket spending a good idea? Here are a few things to keep in mind before you make that choice.

Interest Rates, Payment Timelines

Credit cards are convenient, but the interest rates are exorbitant if the balances are not paid within the due date.

A credit card billing cycle usually spans 28 to 31 days, with the statement date reflecting all transactions made during t

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