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The Benefits and Pitfalls of Credit Cards - MintLife Blog
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WebMay 31, 2024 · A credit card is not. If you sign up for overdraft protection, you will incur overdraft fees. If you have a hard time controlling your spending, you could rack up a considerable amount of overdraft fees. 1 They're Good for Small Purchases, but They Complicate Big Ones WebFeb 14, 2024 · List of the Disadvantages of Credit Cards. 1. Credit cards often lead to high levels of consumer debt. The average American has four credit cards that they use regularly. According to information published by Experian, the median amount on each card is almost $6,200. That means each household in the United States is trying to manage … WebDec 30, 2024 · 4. Not keeping an eye on transactions. Make it a habit to check on your credit card activity regularly, whether by visiting your online account or reading your … st pierre new orleans la