How can I avoid falling into debt with an Islamic credit card? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

How can I avoid falling into debt with an Islamic credit card?

Asked by Banky team 2 months ago
Banky team Reviewed editorial answer

The most dangerous use of credit is treating your credit limit as additional income.

Set a spending limit lower than your credit limit, and link your purchases to a clear repayment plan, especially if you have more than one card.

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