Nine Reasons Credit Cards are Evil

Nine Reasons Credit Cards are Evil

1. They teach you that it’s okay to spend money that you don’t have.
2. They clutter your mailbox with their “special offers”
3. Most of the time you can’t even qualify for those “special offers” and they stick you with a crappy offer.
4. They prey on people without financial knowledge.
5. They routinely raise fees and interest rates.
6. They aren’t flexible at all - miss a payment by one day and it’s off to 32% APR land for you!
7. Universal default clause.
8. They will randomly close your card or change your interest rate with little or no warning.
9. They can pull you in to a vicious cycle of living beyond your means.