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All credit card holders have been issued an alert as one mistake could lead to an interest hike. One personal finance expert on social media has highlighted a vital point regarding personal finance that people must understand.

The financial expert, recognised as James Does Finance on TikTok, warned one gaffe could prove extremely costly over time. James explained: "Avoid this one crucial mistake when it comes to paying off your credit card.

"So, most people in the UK are probably familiar with a credit card, and the fact that you essentially have to pay off your balance at the end of every month after all of the payments that you've made with the card.

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"But, you'll often get two optio

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