New Delhi, May 14 -- As credit card usage surges across the country, so do the associated risks and pitfalls. Recently it has been witnessed that with the rise in the use of credit cards there has also been an escalation in defaults, particularly among younger users tempted by easy credit and rewards.

Here are five risks associated with using credit cards you should not ignore:

Credit card interest rates in India are among the highest in the lending industry. The RBI has mandated all the banks to set a ceiling rate of interest, including other associated charges, processing fees etc. Still, specific interest rates can vary across banks.

Several users fall into the 'minimum due' trap, paying only a small portion of their total bill. Thi...