credit cards

Back in the olden days, it was not uncommon to hear someone say, "I started out with nothing and I still have most of it left." But in this day and age people aren't starting out with nothing. They are starting out with a credit card.

With a credit card, you can buy anything (including, but not limited to, anything). Even if you have nothing. And so it goes. Purchase after purchase. Item after item. Until someone who started out with nothing has everything!

But then the bills start to come in the mail. At first, they might be manageable. You can pay off the balance every month if you are careful with your funds. But then one month you have an unexpected car repair or your daughter needs braces, and all of a sudden you find yourself with a balance on your credit card that you just can't get on top of it, no matter how hard you try. And to add injury to insult, everyone will accept credit cards. So the downward spiral continues until you are absolutely in over your head if you are not careful.

Bloggers speaking about the responsible use of credit cards can be found at sites like enemy of debt and canadian finance blog.

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Original Technorati articles tagged “credit cards”

• in Business
  What the Credit Card Market has in Store for Your Wallet in 2013
  Credit card trends reveal an improving economy, significant savings opportunities for consumers with above-average credit standing.
  by cardhub / on Jan 11, 2013
• in Finance
  Deferred Interest Plans Poised to Increase Cost of Holiday Financing 2,700%
  The dangers of deferred interest.
  by cardhub / on Nov 20, 2012
• in Lifestyle
  Black Friday 2012 Shopping Strategies
  If you aren't willing to skip Black Friday, there are ways to avoid spending more than anticipated.
  by savingadvice / on Nov 18, 2012

Latest blogosphere posts tagged “credit cards”

 

• Interest rates on credit cards hit highest point in 13 years

  
  — Authority:
  Interest rates on credit cards have hit a 13-year high. Image: MoneyBlogNewz/Flickr.com/CC-BY The interest rates charged on credit cards have recently reached a 13-year high. Since legislation has changed the rules about how interest can be charged, card companies are raising the base rates to make up lost ground. ...
  1 week ago

• Amex Does The Right Thing- I Got My 100,000 Points

  
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  Back in January there was an amazing offer for the American Express Platinum Card through CreditCards.com . By going through the "Offers Matched For You" option (on the top left of the site), a 100,000 Membership Rewards Points sign up bonus would be offered. This offer disappeared by the following morning. ...
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• Should I Get the AAFES Military Star Rewards MasterCard?

  
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  The AAFES Military Star Card  (login required) is offered through the Exchange Credit Program , part of the Exchange, NEX, MCX, and Coast Guard Exchange brand of services offered on most military installations. The Military Star Card has two main products: the Military Star Rewards MasterCard, offered by Chase ...
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• Tips To Help You Improve Your Credit

  
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  Bad credit can really detour your plans for your life in irritating ways. It can make you feel like you are in debtors’ prison with no hope of escape. Follow these tips to start repairing your credit. If you have a poor credit rating , it can be extremely difficult to obtain a mortgage loan for a home. FHA loans ...
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• Credit Card Skimming Scams Aren’t Going Anywhere

  
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  Nationwide, a rather insidious type of  identity theft  that can affect thousands of consumers without a hint that it’s happening. Unfortunately, the scam is growing more common and problematic. Skimming scams  have been discovered  in a wide variety of places around the country and can lead to significant ...
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• Safecard: The application to secure credit cards, passwords and more!

  
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  Safecard is a real virtual wallet, but one with maximum safety. Condensed into a single app you have credit cards, business cards, passwords, credentials and much more, with the assurance that secrets are never stolen. The app allows users to save series of sensitive data and protect it with a single password. With a ...
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• 20 ways to keep your internet identity safe from hackers

  
  The Guardian - guardian.co.uk — Authority: 984
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• KAIKU Visa Prepaid Card Review

  
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• Capital One Credit Card Review

  
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  Capital One offers new customers the chance to take out a secured MasterCard. It is an excellent option for people with no credit or an adverse credit history. It is also a useful option if you are currently unemployed. You are guaranteed to be accepted, even if you have been rejected elsewhere. As is the [...] The ...
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• 5 Ways to Improve Your Credit Score Quickly

  
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  A credit score is a three digit number between 300 and 850. The higher the score, the better your chances will be of getting good deals in the future. If your credit score is lower than 700, you should strongly consider trying to improve it. Your annual credit report does not tell you your credit [...] The post 5 ...
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• 5 Surprising Benefits to Using Credit Cards

  
  — Authority:
  There’s no doubt that credit cards offer a multitude of benefits to the card user. They let you rent a car, book a hotel room and get yourself out of a jam when there is a financial emergency. Aside from the most common advantages, there are also some surprising benefits to using credit cards. There [...] The post ...
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• Huge ATM bank theft crosses 27 countries

  
  — Authority:
  Huge ATM bank theft crosses 27 countries. Aint convenience wonderful?
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• Understanding the Differences Between Personal and Business Credit

  
  — Authority:
  Image via CrunchBase If you’re a business owner and you’re in the market for a business loan, it’s a good idea to understand that there are big differences between business credit and personal credit.  Personal Credit Let’s begin with your personal credit. Hopefully you are already aware of ...
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• Essential Tips To Guide You Through Personal Bankruptcy

  
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  If you have had any of your possessions repossessed by the IRS, personal bankruptcy may be an option for you. Depending on personal circumstances, personal bankruptcy can be the only sensible option, despite the hit it levies on credit availability. You can find out more about filing for personal bankruptcy, as ...
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• Tips That All Credit Card Users Must Know

  
  — Authority:
  Bank cards can be extremely dangerous. By spending too much, you are opening yourself up to high borrowing costs and interest rates. However, if you use credit cards responsibly, you can get rewards in addition to the benefit of peace of mind. To find out what credit cards can do for you, continue reading this ...
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• Bon Vivant "Grater Card" (2013) :28 (Brazil)

  
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  Video Credits
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• American Express® Green Card Review

  
  — Authority:
  The American Express® Green Card is an entry level American Express® charge card that offers many of the same perks you would find in a more expensive American Express® card. Don’t confuse this as a credit card, because your full balance is due each and every month. I’ll explain some of the intricate ...
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• Rachel’s Application Round – UPDATE

  
  — Authority:
  Last week, I wrote about (my wife) Rachel’s application round and thought I would take this opportunity to post an update about it since the verdicts are all in! Rachel’s Application Round – Update Background It had been a couple of months since Rachel’s last credit card application and many months since she ...
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• Credit card offer

  
  Financial Advisors Alliance — Authority: 129
  So many credit card offers, what to do? Just browse through the daily newspaper and you will be overwhelmed by the number of credit card offers advertised. Move around the town and you will find credit card offers being advertised everywhere. Same is the case is with television which seems to host a number of credit ...
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• Barclaycard Arrival World MasterCard Review: No Annual Fee and $200 Bonus

  
  — Authority:
  The Barclays Arrival Card , with no annual fee, is offering 20,000 bonus miles when you spend $1,000 on purchases in the first 90 days(that equates to $200 off your next trip). It’s a travel credit card that lets you earn 2 points per dollar on travel and dining and 1 point per dollar on all other purchases. ...
  1 week ago

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