New Delhi, Feb. 12 -- With credit cards, you can avail exciting rewards and deals which can help you save on your expenses. You can enjoy cash backs and exclusive offers from travel to grocery shopping and much more that can elevate your experience. However, if you do not plan your credit card usage, you may end up in debt trap eventually.

Credit cards include finance charges which you are bound to pay as per bank's policies and guidelines. Understanding these finance charges are extremely important in order to avoid any last minute surprises.

Finance fees are charged by banks to credit card users using credit cards. These are added to the outstanding balance and are calculated based on the annual percentage rate (APR) of the card. Fina...