Don’t ever do this with your credit card

If you have a credit card with a high interest rate, this is the worst mistake you could make.

Nearly 40% of cardholders with a rewards credit card carry a balance, according to a new survey from the credit-card website CompareCards.com. The website surveyed more than 1,000 people. And of those who don’t pay their bills in full, the average balance they reported having was $2,547.

“Sometimes, rewards credit cards are pretty enticing and it’s easy to get sucked in,” said Thomas Donaldson, a senior credit specialist for CompareCards. “If you end up carrying a balance or making a late payment, you end up getting hurt in the long run.

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