3 Credit Card Mistakes to Avoid During a Recession

3 Credit Card Mistakes to Avoid During a Recession

The Federal Reserve has been aggressively raising interest rates in an attempt to slow the pace of inflation. The concern, though, is that consumer spending might decline to a major degree if the cost to take out a loan or carry a credit card balance becomes prohibitively expensive. Since it's possible we'll soon be faced with a recession, it's important to know how to best manage your credit card usage and applications during such a time.