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Credit card pitfalls

May 6, 2011 6 comments

Ever since the plastic card replaced cash, banks are continuously calling customers to entice them with offers.  This has caused many people to fall into the debt trap and to overspend.  Banks will easily give you a huge credit limit. And it is a prestige symbol for youth who have just started working to flash their card at restaurants, shopping malls, and everywhere they go.

Loren Baxter gives a humorous account on how to prevent yourself from overspending on your credit cards :

http://lifehacker.com/5780617/how-to-prevent-yourself-from-overspending-on-your-credit-cards

And here is a hilarious video on credit card pitfalls:

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