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5 signs your credit card is controlling you

Credit Cards » 5 Signs Your Credit Card Is Controlling You

Who's controlling whom?
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Who's controlling whom? © gpointstudio/Shutterstock.com

Who's controlling whom?

Love them or hate them, there are a few solid reasons why you should have a credit card in your payment arsenal.

"Having credit cards is smart if (they're) used properly related to building a good credit score," says Christopher Viale, board chairman of the Association of Independent Consumer Credit Counseling Agencies.

And savvy spenders use credit cards to leverage rewards programs and earn points, miles or cash back on their purchases.

But making a credit card your payment method of choice could easily backfire. "The pitfalls of using credit cards not just for the purpose of building your credit profile obviously involves the temptation for overspending," Viale says, which could ultimately drive you into debt and damage your credit score.

Here are five signs you're using your credit cards wrong and that credit is controlling you.

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Editorial Disclaimer: The editorial content is not provided or commissioned by the credit card issuers. Opinions expressed here are author’s alone, not those of the credit card issuers, and have not been reviewed, approved or otherwise endorsed by the credit card issuers.

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