Last Updated: 18 October 2025, 22:47 IST With easy payments, cashback and rewards, credit cards have become an essential part of today’s life. But this very facility often traps people in debt. If you’re also troubled by rising credit card bills, definitely avoid these big mistakes. Credit Card Debt Trap: Easy Spending, Hard Payback. (Image:AI) New Delhi. Credit cards have become the most convenient means of payment in today’s time. Shopping is done in one swipe and rewards are also available. But if this facility is not used wisely, it can trap you in the quagmire of debt. A small mistake – such as missing a payment or paying just the minimum amount – can slowly turn into a huge burden. Error no. 1: Delay in payment If you do not pay the credit card bill on time, the bank not only charges heavy interest, but also late fees. Due to this, your credit score also goes down, which can cause problems in taking loans or EMI in future. To avoid this mistake, set up automatic payment or keep a reminder alert in your phone so that the last date is not missed. Error no. 2: Constantly spend on the card If you are already in debt and still continue to use the card, it can turn out to be dangerous. Credit card interest often ranges from 30 to 40 percent per year. This means, the more the expenses, the bigger the problem! It is better to pay back the old loan first and then think about new expenses. Error no. 3: Pay only the minimum amount Many people are satisfied by paying only the minimum payment each month. But by doing so, the actual debt doesn’t go away, but the interest on it goes up instead. This amount can double within a few months. Try to pay the entire bill or the maximum part each month. Also avoid cash advance, i.e. withdrawing cash from the card, because interest on it starts accruing on the same day. Error no. 4: Ignore the credit report Your credit report reflects your financial health. If you have defaulted or paid only a partial amount, it is recorded there. Please check the report once a month. This will let you know where improvement is needed and how the score can be improved. Using credit cards is not bad, but unnecessary spending and carelessness can be dangerous. Make payments on time, use the card responsibly and stop spending until you are completely debt free. Remember that if you act wisely, the credit card will become your friend, not your enemy. About the Author Rakesh Singh Rakesh Singh is a Chief Sub-Editor with 14 years of experience in media and publishing. International affairs, politics and agriculture are areas of interest. Many articles written by Rakesh Singh published in … read more Rakesh Singh is a Chief Sub-Editor with 14 years of experience in media and publishing. International affairs, politics and agriculture are areas of interest. Many articles written by Rakesh Singh published in … Read More Click here to add News18 as your favorite news source on Google. Location: New Delhi, Delhi First Published: October 18, 2025, 10:47 PM IST home business Caught in the trap of credit card debt? Avoid these 4 big mistakes immediately
Stuck in credit card debt? Avoid these 4 big mistakes immediately
