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Kiplinger: 11 Costly Credit Card Mistakes to Avoid

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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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