Credit Card Mistakes to Avoid

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Credit cards can be a financial trap for many people. They are not always used properly, and some go deeply into debt using them. The basics of maxing them out or not making payments on time are two mistakes people make.

When used correctly, credit cards can be a valuable financial tool. But there are credit card mistakes that most people don’t even know they’re making. What mistakes are these, and how can you avoid them?

Using a Credit Card for Rewards

Incentive rewards like cashback can be very enticing when it comes to choosing a credit card. But once you have the card, the temptation is to overspend to rack up the points, which has led plenty of people down the debt path.