Everyone always tries to blame the credit card companies for their financial woes with credit cards. The reason they charge the high interest rates and the high fees is because people constantly take the easy way out and file bankruptcy and essentially screw the credit card companies. Financial planning is simple. Buy what you can afford and live within your means.
Take responsibility for your own actions!!! The terms of the best credit cards are clearly spelled out. Nothing is a "trap". While the terms might seem in companies’ favor, whose fault is it in agreeing to those terms?
Consumers must be responsible to avoid going deep into debt. Still, he said, high fees and high rates shouldn't keep people in debt. You can read good information in credit card guides.
My advice is simple: Don't have a balance on your card. Pay it off. And never go over the limit.
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