As the festive glow of Diwali 2025 approaches, markets and online platforms light up with dazzling credit card offers and irresistible deals. It's a time of joy, gifting, and celebration, but beneath the sparkle, these tempting offers can hide financial pitfalls that might just burn a hole in your post-festival budget. At Fabits, we believe in empowering you to celebrate wisely, ensuring your Diwali remains bright without the burden of debt.
Many of these 'too good to be true' deals often come with hidden strings. Take the popular "no-cost" EMI scheme, for instance. While it promises free financing, these offers can sometimes mask processing fees or inflate product prices, making the 'discount' an illusion. What seems like an easy way to spread payments can quickly become a heavy burden if EMIs are missed, attracting hefty interest charges. Another common trap is overrunning your credit limit. While festive shopping can be exciting, using more than 40% of your available credit signals financial strain and can negatively impact your credit score – a signal lenders definitely notice.
To truly enjoy a financially healthy Diwali, vigilance is key. Delayed repayments, even by a day, can lead to annual interest rates of 30-45% and substantial late fees, scarring your credit report for years. Always aim to clear your full dues, not just the minimum amount. Avoid misusing credit card cash withdrawals, as these incur immediate interest and transaction fees – they are strictly for genuine emergencies, not festive splurges. Lastly, be wary of fake rebates and flash deals; always cross-check prices across different platforms. Your credit card is a short-term loan, not free money. Plan your expenses carefully, utilise only a portion of your credit limit, and when in doubt, consult a certified financial advisor to ensure your Diwali memories are filled with joy, not financial stress.
