It is tempting to accumulate debts on your credit card. After all, you don’t have to make a payment for 21 days, which gives you some freedom with your budget. And even after the grace period is over, you just need to make a minimum payment, which is only part of the total balance.

It’s a dream solution, isn’t it? Unfortunately, if you make it a habit, your interest charges will add up and you will get a much higher credit card balance than you had expected. Read on to understand how your...