5 credit card risks


Important facts about credit cards

When you are wanting to increase your credit score, a credit card can be valuable. if you decide to get a credit card there are some very important things to keep in mind. Some credit cards come with perks that are attractive like cash back rewards. Along with these perks there are 5 risks that you should keep in mind: 

Getting into credit card debt

Missing your credit card payments

Carrying a balance and incurring heavy interest charges

Applying for too many new credit cards at once

Using too much of your credit limit

Keeping this in mind can make having a credit card beneficial and it is always nice to have a credit card to rent a car or have in case of an emergency. Paying your card off monthly can increase your score quickly if you avoid the mistakes that some tend to make with credit cards.