2. Making minimum payments

Making the minimum payment on your credit card not only increases the amount of time it takes to pay off your credit card balance, it also increases the amount of interest you pay on your credit card. Don't just pay the minimum payment. Instead, increasing your monthly credit card payment helps you pay off your balance sooner and at a lower cost.

 It also increases the amount of interest you end up paying. To pay your debts off quicker and cheaper, you should pay as much as you can on your balance each month.

3. Ignoring billing statement

Dou you check your billing statement? If you don’t open your credit card billing statement, then you risk missing your payment due date. You could also miss important announcements about changes to your credit card terms. Not only that, your billing statement is often the first tip off to any fraudulent activity on your account. Always read your billing statement, if only to make sure that all the charges are accurate.

Read through each transaction on your card to be sure that: your last payment was applied correctly, you were charged the right amount for all your purchases, and there are no unauthorized transactions on your credit card.