3. Ignoring credit billing statement

This mistake can be easily avoided. It is better that when you receive your monthly financial statement take few minutes in order to read through the credit card statement. Mistakes are often and so make sure that there are no erroneous changes. If you don’t open your credit card billing statement, then you are at a risk of missing your payment due date and you could also miss important announcements about changes on credit card terms if any.

It has become a common practice; the moment people receive their credit card statement they would quickly pay the bill without even reviewing it once. Credit card fraud is growing with each passing day and it is important to review your credit card statement each month to ensure all your charges are correct, authorized, and there are no unwanted charges. Reviewing will save your money, and protect your credit score from any damage even if you are a victim of identity theft.

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