Common Credit Card Mistakes

Mika

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Credit Cards are a great financial tools. You can buy things even when you do not have money and you can use bank’s money for free for certain time. However, a lot of people commit a lot of mistakes and end up getting into credit card debt. Here are some credit card mistakes.

Do not use multiple credit cards: using multiple credit cards will result in missing bill payment.

Do not pay credit card bills with another credit cards: This is something like getting loan to pay a loan, not a good strategy.

Missing payment: If you miss payment even by a single day, you end up paying 40 percent interest
 
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