Never Use your Credit Card | Stay Away From Credit Card | Credit Card Fraud

Never Use your Credit Card | Stay Away From Credit Card | Credit Card Fraud

If you have cash with you,don’t use your credit card.Remember Credit card company are smarter than you. First I am tell you why credit card is not good:

• Credit card only have 16 digits number & security pin on back side. So it can be used any where.
• Most shopping outlet other than few mega shopping mall, charge 2.5% extra while purchasing with credit card.
• You have to pay the MRP while purchasing from that few mega shopping mall but same thing can be purchasing much lower than MRP.
• Credit card company have several hidden charge which they don’t tell you at beginning.
• Never withdraw cash with credit card,they take extremely high interest.
• Reward point matter is totally worthless,you need to pay extra money at the time of redeem it.

But the most important reason is that Credit card change the mentality of spending.Study revels that people purchase exceed their need while purchasing with credit card. So avoid using credit card & save your valuable money.

This entry was posted on Wednesday, August 19th, 2009 at 6:26 am and is filed under Advise, Finance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.