11 Common Credit Card Mistakes

August 8, 2011  |  

(Kiplinger) — 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.
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