Credit cards.. don't fall for it.. Credit card companies

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joey68
Credit cards.. don't fall for it..

Credit card companies know its spending time for the holidays. They send us letters saying, "We increased your account! You have $8000 to spend!"

NO! You don't HAVE $8000 to spend. Theyre giving you a $8000 shovel so you can dig yourself further into debt. Obviously credit cards are great for emergencies. If you can pay off the whole amount each money, perfect. But if not, don't think simply because they increased your spending amount that they gave you free money.

It does have to be paid back.

Not investment advice
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