The debate has gone on for ages – should you or should you not utilize credit cards? Whichever way you lean, one thing is for sure; if you have a credit card, you want to make sure you are getting the most out of it and that you are avoiding common credit card pitfalls. Take a look at some of the mistakes that you want to watch out for courtesy of Moolanomy.

• Signing up for a credit card with an annual fee and not setting a calendar reminder is an easy way to lose money if you were not planning to keep the card into the next year. Set up a reminder to cancel the card and avoid the fee.
• Not properly researching foreign transactions fees won’t do you any favors. When traveling overseas, make sure you check which credit card in your wallet has the best foreign currency exchange rate.
• If you don’t call your credit card company to ask for a lower APR, then you’ll never know if you could be saving more money on payments. If you’re trying to get out of credit card debt, first gather a few offers for lower rates from your mailbox and threaten to leave your company if they can’t reduce your rate. If they are unwilling to cooperate, consider moving your balance elsewhere.
• Not taking advantage of credit card rewards is just silly. If you have a credit card, you may as well enjoy its perks. If you are trying to choose the right credit card for you based on your spending habits and rewards offered, take a look at some of the best credit cards around.

Take a look at some other common credit card mistakes you can avoid over at The 10 Worst Credit Card Mistakes.