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Cashback greed or debt net, these 5 common mistakes that make credit cards

Samira Vishwas | August 21, 2025 11:24 PM CST

Credit Card Mistakes: In today’s time, the credit card is present in the pocket of every job or urban consumer. Discounts, cashbacks and reward points are so shine that people forget that credit card is actually a means of borrowing. If you use it properly, then this is the facility, but some negligence can implicate you in such a debt trap, which makes it very difficult to get out. Let’s know the common mistakes that need to be avoided.

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Spend excessive (Credit Card Mistakes)

Credit card offers and greed for discounts often make people spend more than their capacity. As a result, increasing bill and deteriorating budget. Experts believe that spending more than 30-35% of the month’s income with credit cards can be risky.

Delay (Credit Card Mistakes)

The delay in the world of credit card is very expensive. Late fees and interest are added even when the payment is late for one day. At the same time, only the minimum dew is also dangerous because heavy interest starts on the remaining amount, which gradually pushes you into the deep pit of debt.

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The burden of many cards (Credit Card Mistakes)

Keeping a lot of credit cards simultaneously can also prove to be harmful. Many people use another card to repay the dues of one card. This habit not only increases expenses, but also makes it difficult to manage the bill every month, which increases the financial stress further.

Cash withdrawn mistake (Credit Card Mistakes)

Withdrawal of cash from credit card is considered to be the biggest mistake. This is because interest on it starts to be charged from day one. That is, the longer you do not return the money, the more burden will increase.