Since their inception around 1970, the penalty for not paying the total of what you spent by the due date, has been paying an exorbitant amount of interest. The interest rate has always been explained upfront yet many people don’t mind paying thousands of dollars extra to get the things they “have to have” before they have the money to buy them.
If anyone ever tells you “Debt is a tool”, punch them in the junk and push them in front of a truck; that will kinder be than what they’re trying to do to you.
ATGMer about 2 years ago
Sooner or later someone will decide plastic is bad for your health.
Gameguy49 Premium Member about 2 years ago
Since their inception around 1970, the penalty for not paying the total of what you spent by the due date, has been paying an exorbitant amount of interest. The interest rate has always been explained upfront yet many people don’t mind paying thousands of dollars extra to get the things they “have to have” before they have the money to buy them.
Alverant about 2 years ago
Without credit cards, our economy would be smaller and worse off. So I guess that means Satan is a capitalist.
david_42 about 2 years ago
One of those things that should be taught in school, since so many parents don’t ‘get it’: credit cards are not free money.
Just-me about 2 years ago
Nah, I’d best keep my keyboard shut…
mike75035 about 2 years ago
And one of his other minions invented the smart phone.
cuzinron47 about 2 years ago
And people think they are a godsend.
ValancyCarmody about 2 years ago
It was Frank McNamara, https://en.wikipedia.org/wiki/Diners_Club_International
goblueone about 2 years ago
Truth cc have ruined many lives
Norris66 about 2 years ago
When I got a Discover Card, I Discovered I could get anything I wanted. They Discovered I couldn’t pay. ;>)
Cozmik Cowboy about 2 years ago
If anyone ever tells you “Debt is a tool”, punch them in the junk and push them in front of a truck; that will kinder be than what they’re trying to do to you.
Teto85 Premium Member about 2 years ago
https://www.experian.com/blogs/ask-experian/the-history-of-credit-cards/