The 3 Most Common and Worst Credit Card Mistakes

It is only natural to commit mistakes, but if you do it consistently without fail—it is a sure sign that there must be something wrong.

Often just having the awareness about the cause of your mistake is enough to make sure that you will not commit the same mistake ever.


So without further ado, here are the three most common credit card mistakes:

Disregarding the terms and conditions

A majority of people are prominent on the chances of skimming and never bothering to read the terms and conditions when signing up for a credit card. I mean, who wants to read a massive wall of boring texts? You just want to get over and done with it, right? Well… the terms and conditions in a credit card are the set of rules and regulation wherein you must agree in order to use the card. Terms and conditions is an essential part of a contract or an agreement. It is of maximum importance to understand what you got yourself into. Read the terms and conditions carefully as not to break them and save yourself from future trouble. “Ignorantia juris nonexcusat” or  ‘ignorance of the law excuses no one’ — so read the terms and conditions of your credit card, it won’t take a while.

Chasing credit card promo, points, and rebates

Just typing this pains me. I remember those o-so-many-times that I fell for this exact thing. I spent money. I usually won’t spend just because I want freebies or rebates. Become aware of the marketing techniques that they used to persuade you into buying more when you don’t need to. They might disguise it as a raffle promo of a trip to Disneyland when you have accumulated an amount of xxx, to entice you to spend more and reach the amount quota.

Spending beyond your limits

Credit cards are great. With it, you can buy products and services even without money. However, as Uncle Ben famously said, “With great power comes great responsibility.” Don’t just buy and buy and buy just because you have the power to do so. One of the worst common errors of most credit cardholder is spending beyond their limits.


Do not buy unnecessary things. Through countless bitter experience, I’ve learned that the best way to dissuade myself of buying stuff I don’t need is thinking about the similar purchases that I’ve regretted.


Bottom line: Don’t be a compulsive buyer; be a responsible credit cardholder.


Michael Aniston
Michael started out with a degree in Finance Master, before devoting his time to tech and coding. He now works as a freelance journalist and video producer living in Berlin, Germany. When he's not writing , he travels many countries.