Mistake 1 of 4
The biggest credit card mistakes to avoid
A quick 4-step guide to help you make a smarter credit card decision.
Mistake #1
Choosing a card only because of the welcome bonus
A large welcome bonus may look attractive, but it should not be the only reason to choose a credit card.
Some bonuses require a high amount of spending within a short period. If that spending does not fit your normal budget, the offer may encourage unnecessary purchases.
Quick tip: Compare the card’s long-term rewards, annual fee and regular benefits—not only the introductory offer.
This content is for informational purposes only. Card approval, rates, limits and terms depend on the issuing financial institution.