5 Credit Card Mistakes Costing You Thousands

You’re probably losing thousands on your credit cards without even realizing it. Mistake number one? Ignoring your APR. The average is a staggering 20.5%—that’s $1,352 in interest on a $6,580 debt! Next, paying just the minimum. You might think you’re managing, but you’ll end up shelling out 2-3 times what you borrowed. Third mistake? Not using rewards strategically. Leaving points on the table is like burning cash! Fourth, sticking with annual fees like the Chase Sapphire Preferred’s $95 without maximizing rewards. Lastly, not checking your credit report for errors—those mistakes could cost you thousands in interest rates! Stop the bleeding! Get educated, change your habits, and reclaim your money.