It seems like everywhere you go, there’s another retailer trying to get you to apply for a credit card. “Apply now and save 10%”, “Open an new account and get 20% off today’s purchase”. Don’t fall for the gimmicks. Because of high interest rates, nine times out of ten, you’ll end up spending more than your original purchase, often a lot more. And, if you’re trying to get a loan for a new home or car, the credit inquiries will work against you.
by MENE TEKEL
Tags: credit cards, incentives, interest rates
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