New Delhi, Nov. 9 -- With the festive season bringing attractive shopping offers, discounts and reward points, credit card spending tends to rise. While cards offer convenience and flexibility, careless usage can leave you with hefty bills, high-interest debt and a dent in your credit score. From paying only the minimum amount due to chasing reward points and overlooking hidden charges, here are some common mistakes to avoid while using your credit card.

If you have taken a credit card to tide over a cash crunch, you may have noticed that banks offer the option of paying a 'minimum amount due'. It is usually around 5% of the total outstanding amount and effectively puts you on a high-interest loan.

Let's understand this with an example....