- Charging up to the full limit. Running your card right up to the limit tells lenders you aren’t a good money manager.
- Skipping a payment. Paying your credit card balance late or not making a monthly payment means interest grows, you could be charged a late fee, and your credit score will drop.
- Paying only the minimum. Not paying the full balance each month can turn that $4 latte you charged into a $40 latte thanks to accrued interest over time.
- Getting a trendy card with a big annual fee. Some people get too overextended and then can’t pay off their credit card.
- Adding someone as an authorized user. Authorized users are not liable for the expenses and debts they rack up on a credit card--the primary cardholder is responsible.
- Using your card on suspicious websites. Protect yourself by making sure the website where you enter your credit card number includes “https” instead of “http” in its URL; the https prefix means the site uses an encrypted connection,
- Using your card when you are drunk. It’s all too easy to buy a round of drinks (or three) once you’re feeling tipsy.
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