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| Credit Card Common Mistakes | 6. Late payments
Late payments subject a student to extortionate interest rates and set fees, very profitable for the credit card company and a very unfortunate mistake for him or her to be making.
7. Not checking his or her statement
A widespread mistake when students start to feel the pressure of a debt burden and pay no attention to the fact that the debt exists. As a result, the fees and charges will start to accumulate and the next thing students know they are not making the minimum repayments. Suddenly they turn out to be the subject of more fees and charges.
 8. Adding a secondary user
Although some may not think that this is a mistake. If a student adds a secondary user to his or her credit card account he or she suddenly lost control over the spending on his or her card – no matter who the person is. Now bills can accumulate on the account without student’s normal controlling self, as they are being transacted by another person.
9. Using the credit card overseas
For every overseas purchase students make they could be subject to fee and a lousy exchange rate. So, even if they are the ideal credit card customer and pay their bill in full and on time, suddenly the card issuer is making money out of them.
10. Not reading the credit card agreement
In student’s haste to get a credit card he or she has not read the terms and conditions of the agreement and so he or she is not aware that if he or she acts in a definite way or do something he or she should not, then a student is likely to be paying for it. If a person does not read the agreement carefully the issuer can charge him or her for additionals he or she may have been able to choose out of credit card insurance.
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