Finances

Credit cards come with many benefits. Credit cards can help you settle a medical bill, buy a particular item that you require, or even help to grow your credit score. Banks and other financial institutions have instilled the idea that credit cards are plastic money. In other words, the financial institutions are offering you some money, and they expect you to pay at the end of the month or after a specific duration. During the application, and after applying, people make many mistakes, which we are going to tackle today. Here are some pitfalls you should avoid when you have a credit card with you. 1. Use not more than you can afford When applying for the card, the financial institutions require that you set a reasonable card limit. It restricts you from borrowing anything … [Read more...] about 4 Common credit card pitfalls to avoid