I’ll be out for the next ten days, so posts will be infrequent, if they occur at all.
Before I go, though, I wanted to share one alarming credit card statistic that I just read. According to Money Magazine, the average high-income household ($115,000 to $160,000 per year) that carries a balance month to month owes almost $8,000 in credit card debt. That’s an average, so it could be skewed by very high or very low balances, but the fact remains that if you carry over even a dollar in credit card debt from month to month, you should not be using a rewards card, whose interest rates almost all exceed the 18% national average. No amount of rewards can earn you that much. Get the balance paid down on a low or no-interest card (or bank loan) and start from zero. Just make sure not to carry a balance again.
Want to subscribe? Just enter your email in the box above (and to the right) and click on the confirmation. GMailers, check your Social or Promotions boxes!
Follow me on Twitter @FFMiles101 or share with the Facebook button below.
And finally, you can apply for credit cards through the Credit Cards for Charity link above. All card proceeds are donated to charity, so please do well by doing good!