CREDIT cards have become nearly as universal as cash
More than 70 percent of Americans own a credit card, while a third of people have three or more card
While credit cards are convenient, they also make it much easier for consumers to build up debt
1. Missing payments
Failing to make a credit card payment will typically hurt you
2. Only paying your monthly minimum
While paying the monthly minimum is better than missing a payment altogether, it's still not ideal
3. Maxing out your card
Like how credit card companies typically set very low monthly minimum payments, they often offer high credit maximums
4. Ignoring your statement
If you use a mobile banking app or otherwise have easy access to keeping tabs on your account
In addition, periodically checking your statement is the best way to spot errors or fraudulent charges
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