Relying On Credit For Festive Shopping? Beware Of These Risks
Last Update Date: 05-10-2026
Published by Outlook Money
Abhishek Kumar's role: Quoted
Abhishek Kumar said many households still lean on credit cards and BNPL during festivals, and suggested setting a festive budget well in advance and paying for purchases from savings rather than borrowing.
More of Abhishek's views on debt and loans
Outlook Money looks at the risks of using credit cards, no-cost EMIs and buy now, pay later options for festive shopping. It covers interest on unpaid card balances and hidden processing fees, the strain of several EMIs running at once on monthly budgets, and how missed payments and many new credit lines can hurt a credit score.
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Relying On Credit For Festive Shopping? Beware Of These Risks