Comments on: Ten Facts Credit Card Companies Don’t Want You to Know

By: MyDebtRefinance

MyDebtRefinance — Mon, 01 Sep 2008 11:31:59 +0000

Wow fantastic article, and I think if you go further and search for more facts against credit cards you will find at least other 10.

By: The Bill Manager

The Bill Manager — Tue, 27 May 2008 23:13:48 +0000

That is why I went out of my way to get rid of my credit card debt.

By: MikeG

MikeG — Mon, 19 May 2008 21:31:58 +0000

Actually there is a max interest rate in canada.. 60% though so you’re still in trouble either way..

-MikeG

By: editec

editec — Sat, 03 May 2008 14:46:51 +0000

Years ago, say 20 or so, what credit cards get away with now was considered criminal usary.

The difference between a serious drug habit and a credit card addiction is that you can kick drugs with help, but credit card debts are nearly impossible to kick unless you go entirely belly up financially…maybe (thanks to Congress) not even then.

By: gary

gary — Mon, 28 Apr 2008 04:23:05 +0000

I agree!

By: Steven

Steven — Sun, 13 Apr 2008 06:00:10 +0000

You can’t outsmart credit card companies?

1 – Don’t spend more than you can’t pay off immediately or in a reasonable amount of time depending on your income at time of purchase.

2 – See #1.

By: Al

Al — Sat, 12 Apr 2008 01:27:03 +0000

The only time the points plans are worth it is when you’ve got nothing on the card, and you live in a place that allows you to pay your rent or mortgage with your credit card.

By: Kelly Martin

Kelly Martin — Fri, 11 Apr 2008 04:05:59 +0000

great work, good information
http://www.myinternetwealthteam.com

By: Daniel

Daniel — Thu, 10 Apr 2008 20:16:13 +0000

I do outsmart the CC companies. I get 5% off on gas and 1.5% off on everything else. And since I always pay on time and never carry a balance it’s like I get an interest free loan every month! They foot the bill all month while my cash sits in a high interest savings account.

By: Funny about Money

Funny about Money — Tue, 08 Apr 2008 04:59:14 +0000

Amazing factoids. It just astonishes me that millions of otherwise sane Americans run a tab on their credit cards–it’s such a rip!

It would be interesting to know more about the figures that allegedly prove people spend more when they charge than when they pay in cash. My sense is that I pay more when I have cash in hand, mostly because digging out a charge card, having to reveal private information for identification purposes, and then later having to keep track of the paper trail creates just enough extra hassle to cause me to think twice about buying something. On the other hand, maybe that’s just a perception caused by the fact that cash disappears without a trace.

Picked this post up on the Carnival of PF, BTW, & am linking with it at Funny about Money.