It may seem that credit card companies want you to do all that is best for your credit card but the truth is, they really want you to make mistakes. There are certain things that these companies want you to do. There are things that have been identified when it comes to who will be the most profitable or risky to the issuer. The surprising thing is that, it has been proven that the riskiest credit card users are also the most profitable ones as well. Also, even if there will be no credit card issuer would admit to this, what they really want is a mixture of card users who commit credit card mistakes from time to time.

Here are some of the common mistakes that most credit card companies expect from their customers. 

1. Missing out on paying the bills- this is a very common thing and a lot of people commit this mistake. This also makes the card issuer very profitable, especially if the customer immediately catches up. If you miss out on your bills, you will be charged with more interest plus a late fee of about $ 35. Also, there have been cases that late payments triggered an increase in the cardholder’s interest rate. This makes balance more costly than ever. Take note that missing on your payment is different from not wanting to pay which is what people refer to as non-default delinquency which most large credit card issuers have within 1.8% and 10% of the population. 

2. Going over your credit card’s limit- most people don’t realize that their credit limit is a very important thing and it directly affects their credit scores. Some credit card issuers are actually fine with exceeded limits but by small amounts. However, going over your limit will let you spend $ 35 more but you have to inform your card issuer about permitting you to do so. And although this may sound like you’re in control of your card, the truth is, you’re actually not. Talk to your card issuer about this to clear things up. 

3. Ignore the grace periods- the grace period given to you before your introductory rate expires. The 0 % balance transfers and purchase offers often only lasts for 6 to 18 months, depending on what card you have. If you still have remaining balances before your grace period expires, you’re going to have to pay interest as soon as you open your card. 

4. Applying for a new credit with a poor rating- even with a poor credit, you are still qualified but that means that you’ll get approved for less items. You won’t get an average interest rate and you’ll most likely get a higher than normal rate. But if you happen to have very bad credit that you get denied, don’t worry, it isn’t the end of the world. You can still be issued for subprime subsidiary but of course, with low limits and high rates.

Are you an irregular income earner and don’t know how to save money? Take advantage of coupons and save electricity bills. Always keep a track of your free credit score and manage your finances well.