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.