These credit card mistakes are made by 46% of American consumers.

The largest mistakes made here is believing that continuing to pay off your bill each month will raise your credit score.

Americans assume that their credit score will suffer if they carry a minor balance on their card.

Paul Siegfried, senior vice president and head of TransUnion's credit card division, stated.

You can gain financially by making as much of a payment as you can.

Generally, credit specialists counsel borrowers.

To lessen the negative effects of the large balance on their credit score, they should maintain their loan balances below 30% of their available credit.

Rates on credit cards are already at 18% and are anticipated to rise to 20% by the beginning of next year.