do credit cards work for you?
Posted on
October 28, 2007 by
dc
Credit card, especially to working people and those who live very busy lives, has become an ultimate financial helper. More than just being a status symbol or an add-on to expensive purses and wallets, credit card has revolutionized the way people spend their money. Since having a credit card is a responsibility, only those people who are of legal age and have the capability to pay off the amount they are going to spend through their credit card, is allowed to have one. Actually, most of the adults in the U.S. use credit card because this is very convenient compared to carrying cash or checks every time they have to purchase something.
It is also equally important to be familiar with the different types of credit cards before you begin to build up credit card balances, apply for credit card consolidation and to avoid having a nightmare of debt. Since credit cards are indispensable to most consumers, it is a must that they understand the types of card. I tend to be attracted by the design of new credit cards. The MINT credit card is a card with the bottom right edge being removed and when it was first launched, I thought it was cool. The card comes with a host of benefits including a 0% balance transfers until 1 December 2008 and 0% on purchases until 1 May 2008.
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With the convenience of a credit card, also comes the danger of over spending and the accumulated debt. I think it is wrong for the credit card companies to directly target college students, especially right when they turn 18; you need to learn more responsibility to use a credit card.
October 30th, 2007 at 6:18 am