3 big credit card mistakes most of the new credit card holders make

Duran Mueller
Jun 25, 2007
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Credit cards with all their benefits and drawbacks are here to stay. They have become an integral part of modern lifestyle. Sooner or later everybody tries to get one and make his life simpler. But, do they all take the correct decisions when they try to get a credit card? The answer is No. In this article we take a look at few of the big mistakes people make when they begin their credit card journey.


Are you going for a credit card simply because your friend has it? Think again. You could be making the worst mistake of your life. Credit cards, though having standard terms and conditions must be chosen very carefully. Every individual is different and so are their needs and financial conditions. The credit card is an important thing, the use of which will decide how your credit history fares over a period. So, don't just make an impulsive decision.

With so many good credit card comparison sites cropping up on the internet, why don't you compare the credit cards before deciding for one. It is very simple and extremely convenient. Within few minutes you are able to look at various features of credit cards side by side and thus get better data to decide on the right card. Going for a credit card without comparing various offers is like shooting in the foot.

You just got your credit card by post and you are indeed very delighted. But do you know what to do with it? The first thing is to check out the terms and conditions associated with the credit card. Most of the credit card companies don't enforce the terms unless you start using the credit card. Reading the credit card terms and conditions will enlighten you about the way credit card will charge interest and other important things. Strange but true, most credit card holders do not read this document and find themselves in trouble later on.