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Kiplinger: 11 Costly Credit Card Mistakes to Avoid

11 Credit Card Mistakes to Avoid

Whether due to confusion or carelessness, credit card mistakes are all too common. The fallout can be costly, no matter what the cause. Even a single slip-up can result in higher interest rates, lower credit limits, unwanted fees or dings to a credit score.

New rules put in place by the Credit CARD Act of 2009 and the Dodd-Frank Act of 2010 help, as does the formation of the Consumer Financial Protection Bureau, which monitors the credit-card industry. But ultimately it’s up to you to use credit wisely.

Take a look at 11 of the most common credit card mistakes and learn how to avoid making them.

By Amanda Lilly, Kiplinger.com

(CREDIT: Istockphoto)
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Kiplinger
The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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