The discussions around using credit cards over apps and cash is very understandable in the current scenario. However, if you thought that using a credit card did not cost you as long as you paid the dues in time, think again. According to the Reserve Bank of India (RBI)’s data on card statistics, the Y-o-Y growth in the total amount of transactions was 29 per cent in August 2016 against August 2015. The total value of transactions on credit cards was at Rs 26,052 crore in August 2016. This data shows how credit cards have made life convenient.