For First-Time Credit Card Users, Avoiding Financial Pitfalls

April is Financial Literacy Month, and also a time when many soon-to-graduate seniors are bombarded with offers for credit cars. But consumer finance educators say first-time credit card holders often know “just enough to get by” and not enough to avoid some very common credit card pitfalls.

These include maxing out credit cards, missing payment deadlines, not knowing their interest rates, and withdrawing cash at ATMs using their credit cards.

Susan Henson, vice president of consumer education at Experian, a credit reporting agency, joins Here & Now’s Robin Young to discuss some of the most common credit card mistakes, and how to avoid them.

• Washington Post: The biggest mistakes millennials make when it comes to credit cards
• Free Credit Reports

Guest

• Susan Henson, vice president of consumer education at Experian.

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