DETAILS YOU MIGHT NOT KNOW ABOUT CREDIT CARDS
Added on: 24th Jun 2016
ON THE VISA LOGO, THE BLUE REPRESENTS
THE SKY AND GOLD REPRESENTS THE HILLS IN
CALIFORNIA WHICH IS WHERE BANK OF AMERICA
WAS FOUNDED (VISA USED TO BELONG TO
THE BANK OF AMERICA)
EVERY SECOND THERE ARE MORE THAN 10,000
CREDIT TRANSACTIONS AROUND THE WORLD
ALL CREDIT CARDS ARE THE SAME SIZE
(85.60MM X 53.98MM)
THE AVERAGE CREDIT CARD DEBT FOR AN
AMERICAN ADULT IN 2013 WAS NEARLY $5,000
WOMEN ARE MORE LIKELY THAN MEN TO PAY THE
MINIMUM AMOUNT AND CARRY A CREDIT CARD BALANCE
THE MINIMUM PAYMENTS ON CREDIT CARDS ARE
SO LOW BECAUSE THEY ARE SPECIFICALLY
DESIGNED TO GET PEOPLE INTO DEBT
THIS IS BECAUSE CREDIT CARD COMPANIES ONLY
MAKE MONEY WHEN YOU DON'T PAY OFF YOUR
DEBT AT THE END OF EACH MONTH. WHY? THEY
MAKE THEIR MONEY ON INTEREST AND LATE FEES
IF YOU EVER MAKE TRANSACTIONS ONLINE OR OVER
THE PHONE, KNOW THAT IT IS ILLEGAL FOR A
VENDOR TO REQUIRE PERSONAL INFORMATION OF YOU.
IF YOU DO NOT WANT TO GIVE OUT YOUR HOME ADDRESS,
FOR EXAMPLE, THEY CANNOT DENY THE TRANSACTION
Comment on this