The Descent into Credit Card Debt Hell
From cash back to travel rewards, credit cards has its benefits and advantages. However, these plastic cards also has a big share of disadvantages. With lack of basic financial knowledge, cardholders could end up falling in the slippery slope of credit card debt hole. Folks at Mint create a visual presentation about misusing your credit card—from missing payment on your due date to paying extra fees. See also the Battle of the Plastic: Debit Vs Credit.
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