The 5 most expensive mistakes Colombians make when managing their credit cards

Having a credit card can be a very positive thing, as it allows you to build a credit history and manage your finances. However, misuse can cause serious headaches, and that's why Chat GPT revealed the five mistakes Colombians make with this banking product.

The artificial intelligence-based tool provided its opinion based on data related to the financial behavior of thousands of people across Colombia. It thus identified the most common mistakes that can turn this economic alternative into a real nightmare.

1. Pay only the minimum amount

This may be convenient at times, but over time, extended debt accumulates interest that can even interfere with your credit performance.

2. Make cash advances with the card

Please note that this product is intended for other types of transfers, and therefore, it is recommended not to withdraw money with it, as transaction fees may be higher compared to a debit card.

(See more: Are the best landscapes in Medellín? The 4 towns you absolutely must visit) 3. Ignoring key dates and available space

These are two very important concepts to keep in mind and can have negative consequences for your subsequent operations.

4- Ignoring contract terms and rates

When accessing this product, some people tend not to read the details in the contract and therefore tend to have problems with the companies for failure to comply with the agreement.

(See more: Colpensiones: learn about the 5 mandatory requirements to enter the solidarity pillar) 5. Use the card as additional income or easy financing

Using this product for financing or daily expenses will lead to debt accumulation. Only use it in extreme cases or for luxury investments. How do I get a credit card with Bancolombia?

The bank's official website announced the steps an interested customer must follow to obtain a credit card. 1. Choose your card and enter the limit you wish to apply for. 2. Confirm your personal information.

(See more: The 5 South American countries with the highest GDP growth between 2026 and 2030, according to AI)

3- Read the contract carefully and provide your email address so we can send you a copy of the document. 4- Once you have completed this part of the process, the bank will activate your credit card.