The credit card is convenient – and can become the most expensive debt trap of all.
⚠
Spot the traps
Trap 1
Partial payment
Partial paymentonly a part
Very high intereston the rest
Debt growsdespite paying
The rule
Always in full and on time
Pay in fullthe whole bill
On timebefore the deadline
Then freeno interest
Trap 2
The overdraft
Overdrafta hidden loan
Hefty interestoften overlooked
Permanentespecially expensive
The cushion
The best prevention
Emergency fund2 to 3 months' salary
Instead of creditfrom your own reserve
Best protectionagainst costly debt
Good to know
Are you using the card right?
💡 First step: Credit card and overdraft become a costly trap through partial payment and permanent overdraft. Pay always in full and on time and keep an emergency fund, and you enjoy the benefits without ever paying interest.