Why your credit card debt is about to get more expensive

source content cannot be posted due to copyright issues | 14 June 2017

[Lorianne]

see below for link

[Lorianne]

https://www.usatoday.com/story/money/2017/06/14/why-your-credit-card-debt-get-more-expensive/102813058/?utm_source=feedblitz&utm_medium=FeedBlitzRss&utm_campaign=usatoday-newstopstories

[oldasrocks]

Not of you don’t owe anything.

[MrNJ]

The credit card interest rates only affect those who buy stuff they cannot afford to begin with, aka “irresponsible” (left speak: “underprivileged”).

[KarlInOhio]

Summary: The Federal Reserve raised its interest rate by a quarter percent. World ends tomorrow.

Now if you owed a lot, let's say $20 trillion, a quarter percent more interest would cost $50 billion more per year. Thanks Obama. Thank Bush.

[Pilgrim's Progress]

A credit card (singular) is a great one-stop shop if you are willing to pay the whole thing when it comes due. I don’t know of many other better conveniences.

And I gets reward points for free!

[hal ogen]

Probably they’ll drop you soon.

[from occupied ga]

Easy answer - pay off the card every month. Don’t finance your lifestyle with debt. There are many words for people who are constantly in debt and one of those words is “loser”

[V_TWIN]

Yep, I have zero CC debt. Non, zero, zilch, nada........and I like it that way. CC is for emergencies only.

[Pilgrim's Progress]

Had it for 30 years.

[DoughtyOne]

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Just $455.00 dollars to 99.00%

[RedStateRocker]

Who cares? Carrying credit card debt is stupid in the extreme.

[Lorianne]

date should be 14 June 2017

[the_boy_who_got_lost]

Why do you need a CC for emergency? What constitutes an emergency that you will need to use a credit card for?

[AlaskaErik]

I use my credit cards for everything. But I also pay them off in full each month. Right now I have over 182,000 airline miles, courtesy of those who don't pay off their balance in full each month.

[Grams A]

Next thing you know the interest rates for people below a certain taxable income will be set to zero.

Kind of like what I understand they did in Houston recently for people who were sent to jail because they couldn’t afford to pay their bond. Understand the Democrat DA is planning to release them to the community. Appears that at least in Houston robbing someone does pay and just because you do the crime, you don’t have to do the time.

[fieldmarshaldj]

A sale at Penney’s !

[V_TWIN]

“I also pay them off in full each month”

THAT my friend is where most people now a days do not / can not have the discipline or the capital to do. To a lot of folks a CC is free $$ and they’ll worry about it later...it’s almost like a drug to ‘em.

[trebb]

Not for those of us who pay it off each month....

[HotHunt]

Well, that's not entirely true. I am debt free and flush with cash.

But I live in the country on a cattle farm quite a ways from the nearest city for shopping. So I buy most of what I need online, rather than drive all the way to town and shop all day and never finding what I'm looking for.

So I use my only credit card to pay for things online, usually through PayPal.

But, your right, the interest rate doesn't bother me, because I pay it off every month.

I just use the credit card for convenience and security when shopping online. Not for buying things I can't afford.