Credit card use is complicated. In order to be classified as
a responsible credit user you must pay your bill on time (and
preferably in full
) each month and maintain low credit
utilization. In order to avoid wasting money, you must find
the right credit card for your lifestyle and steer clear of the
myriad fees and usage trappings that trip many consumers up.
As a result, it's no wonder that 25% of Americans have "bad"
credit, according to FICO, the largest credit scoring institution
in the U.S.
Still, if you know what mistakes to avoid and how to avoid them,
you'll be ahead of the curve and far more likely to both garner a
great credit score and save money on your credit card
spending. To this end, we've compiled a list of six of the
most significant credit card mistakes people make and how to avoid
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