IndexAbstractIntroductionLiterature ReviewData AnalysisResearch MethodologyCurrent ScenarioRecommendationConclusionReferencesAbstractCredit card can be a useful tool for consumers to build credit and increase their credit scores. On the other hand, they can be harmful when people depend on the credit card to pay all their expenses and fail to pay their credit balance. The main purpose of this study was to investigate the impact of credit card on consumers' savings. In recent years, credit card use has been increasing. To date, many people do not clearly understand how they use the credit card and what percentage of interest is charged if they fail to repay the borrowed money. With a credit card, people can purchase certain goods and services without having money in their pocket or account. Throughout this process they spend large sums of money on purchasing goods and services, which results in serious debt. However, managing the credit card correctly can be beneficial for them because it offers security and convinces in the purchasing process. The survey found that the majority of respondents are in financial difficulty because they are unable to pay off their credit card debt. The research analysis states that to protect consumers' savings there is a warning sign and on the other hand before issuing credit cards banks must create awareness among consumers about the warning sign, interest rate and how to use it. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an Original Essay IntroductionThe world's first credit card is issued by the Oil Company in 1940. Credit card is a payment card issued to the cardholder to allow the cardholder to pay a merchant for goods and services on a promise basis of the cardholder to the bank. The size of most credit cards is 85.60 x 53.98 millimeters (3 3⁄8 inches × 2 1⁄8 inches) and rounded corners with a radius of 2.88–3.48 millimeters (9⁄80 –11⁄80 inches) compliant with ISO/IEC Standard 7810 ID-1, the same size as ATM cards and other payment cards, such as cards. The use of credit cards originated in the United States in the 1920s, when individual companies, such as oil companies and hotel chains, began issuing them to customers for purchases made at company outlets. The first universal credit card, which could be used in various establishments, was introduced by Diners' Club, Inc., in 1950. Another major card of this type, known as the travel and entertainment card, was created by the American Express Company in 1958k to pay them the amounts plus other agreed expenses. The purpose of this study was to investigate the impact of credit cards on consumer savings. This is because he observed that many people get into serious debt due to excessive spending on cards because there are no warning signs and no idea of ​​the interest charged by the bank if they fail to repay the money. It should be noted that without discipline and proper knowledge the credit card can lead to serious financial difficulties because consumers do not feel the pain associated with spending cash when using the credit card and consequently fail to notice and monitor their spending behavior excessive. those who fail to pay off their balances within the time frame set by the bank incur high interest costs from the banks. Literature review The serviceof credit cards started to gain momentum due to the wide publicity given to it. Users find purchasing a credit card to be an easy way to get unsecured credit. What consumers need to know, and banks have an obligation to let consumers know about this service, is the utility and various charges 8 imposed on the use of the credit card. This literature survey covers various studies conducted on credit card services related to cardholder awareness, satisfaction and problems in using credit cards. Worthington, Steve (2009) discussed the prevention of complacency regarding payment card fraud, specifically debit card fraud. It has been found that card fraud, particularly on Master Card and Visa debit cards, is often hidden among the statistics for all payment cards as the risk increases with the use and adoption of the online payment system of debit card fraud. Mathewtingchi (2009) conducted a study on how a credit card redemption program works in China. The study aims to evaluate the level of awareness of Chinese credit card users regarding the rewards points program. The factors that influence the redemption of reward points. It was concluded that a lack of knowledge of the rewards points program and redemption process was demonstrated. There was also low customer awareness of the points-based rewards program and, not surprisingly, low redemption rates. A positive attitude towards credit card incentives. It was concluded that repayment behavior and credit card usage habits can be changed in times of financial crises. Phau, Ian and Woo, Charise, (2008) studied attitudes and use of credit cards among compulsive and non-compulsive shoppers of young Australians. The finding reveals that compulsive buyers are likely to perceive money as a source of power and prestige. They use credit cards often and are more likely to bargain. According to this study, there is no difference between compulsive and non-compulsive credit card buyers. Data Analysis According to the study the following facts are found. Nearly half of Indians with credit cards carry debt from month to month. With average interest rates rising 35% over five years, that debt has become much more expensive. Indians are defaulting on billions in credit card debt. The most common reason payments fail is overspending. Unsecured cards sold to those with poor credit carry high fees and low limits that leave cardholders perpetually on edge. People with bad credit are a very large and truthful market, and so issuers are taking advantage of that. so that credit card debt is more expensive. Most customers are not fully aware of credit card usage and the percentage of interest charged by the bank. Analysis of the study that the highest credit card circulation was in the year 2008 and the lowest in In 2010 and 2015 it is increasing again and in 2011 the circulation is decreasing. Objectives of the study: To study the impact of credit card on consumer behavior. Study how to manage and control credit card use. To study consumers' financial knowledge on credit card usage. Find difficulties related to repaying credit card debt. Research Methodology The type of research conducted is analytical research, as it is better suited to the purpose of design research. In this research the”.