5 Credit Card Mistakes That Are Costing You Thousands
- Paying Only Minimum Amounts: This can cost you $3,000+ in interest on a $5,000 balance
- Ignoring Reward Categories: Missing out on 3-5x points by not using the right card for purchases
- Not Reading Terms: Hidden fees and rate changes can add hundreds to your annual costs
- Closing Old Accounts: This reduces your credit history length and can lower your credit score
- Applying for Too Many Cards: Multiple inquiries can drop your credit score by 10-20 points
Avoid these common pitfalls and maximize your credit card benefits with our expert guidance and comparison tools.