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Top Credit Card Mistakes
By Sandra Lovelace
When you�re dealing with credit cards, you�re playing with fire. Unfortunately, there are plenty of people out there who don�t realise that, and make all sorts of dangerous mistakes with their credit cards every day.

Paying Late.

If you don�t set up any kind of automatic payment, then it can be tempting to just put your credit card bill on a pile and get to it when you have time. Before you know it, a few weeks have gone by and you�re late. If you leave it to the deadline, you might find that the payment won�t get there quickly enough � it�s not a deadline for sending the money, it�s a deadline for them receiving it.

Paying late is a big mistake for an awful lot of reasons. You will almost certainly be charged a late payment fee, and your late payment will go on your credit report for everyone to see. You may also find that you lose any good rate you had, and your debt is automatically thrown onto the very worst rate the company offers.

To avoid late payment, you should always post your payment a long time before the due date (at least a week). If you�ve left it to the last minute, phone up and try to pay that way.

Being Taken in By Rewards.

It is never, ever worth getting a higher-interest card simply because it offers some kind of loyalty points, flight miles or whatever. Even if it offers a cash reward, it is unlikely to be more than you would pay in extra interest � after all, why would they give you free money? All �rewards� do is pay you off with your own money to make you

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