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21.11 - 19:35
Common credit card mistakes and how to avoid them
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Credit cards are one of the best ways to build credit history while making purchases. But the catch is, if you’re not careful, the small metal card may do more harm than good. While going for any loan, renting an apartment or applying for a new job, you may need a review of your credit score. While credit cards might be convenient, it’s important to keep track of your spending.
Gaurav Jalan, CEO and Founder, mPokket, says, “Misusing credit cards may hurt your credit score rather than building it up. Therefore, it’s crucial to develop good financial habits to stay out of debt and avoid certain mistakes people often make while using credit cards.”
Credit cards and their effect in the long run While making minimum payments each month may seem
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