New Delhi, May 6 -- A new credit card user is recommended to use the card optimally. This can happen by avoiding to make certain common mistakes which credit card users often make. These include maxing out your card, missing payments, withdrawing cash, paying the minimum due and overlooking other charges. Here we list out the five key mistakes which credit card users often make.

I. Paying the minimum due: Interest rates on credit cards are typically quite high. So, paying only the minimum due is likely to keep you in debt longer and leads to massive interest charges. For example, if you have a total credit card bill of Rs.one lakh, the minimum due could be Rs.5,000-7,000.

So, it is not recomended to pay only the latter figure since this...