wrote in message
h.net...
In article ,
says...


in reality the only real credit card scam is being run by the
credit
card companies themselves. if you happen to keep a balance on your card i
suggest you read that multi page fine print thing called terms and
conditions. that is the real scam. it is designed to get you in debt and
keep you there.

tony zambon
grumman 9941L

How do they make one buy things?

Have to agree... Having to pay an interest rate is a known fact to having a
credit card. Who in their right mind thinks that they will not be paying
interist rates on the card? Now where i do think things get fuzzy is when
they advertise a 0% 2.99% or whatever, then in the very very very very fine
print you find a fixed monthly service fee, and that the rate is only valid
for a few months before jumping massively. But then again... those are so
common who gets a 2.9% card without the expectation that its an introductory
offer? I carry two cards, I have a balance on one, and yes a rather
considerable part of each monthly payment goes to pay for that interest fee,
BUT i do that willingly to have the convinience of a line of credit, comes
in hand now, especially in online commerce and when cash/check isn't
feasable. I personally don't buy an item on the credit card unless the
convinience of using the card for that purchase is worth 12.98% of that
purchase price over a year. Do the cards themselves put you in debt...
NOPE.... bout like blaming the pencil for spelling errors, the purchasers
puts themselves in debt, its how they manage that debt that can actually
affect how much interest they pay, be irrisponsible with the debt and that
rate goes through the roof, pay on time and a good history and you may be
able to qualify for a lower rate, the ball is in the purchasers' hands. Now
you want to know of a good psuedoscam in finance? Look at home loans that
offer an amazingly low interest rate, but want a points fee..... got news
for you... that points fee is an interest rate you can't escape! traditional
interest expenses (not rates) can be lowered by paying off a loan early, but
since those points fees are wrapped up into the principle of the loan your
stuck paying them, even if you pay the whole enchilada off next month (which
in some states means you can be stuck paying a prepayment penalty... another
load of crap if you ask me.) Bottom line... know your loan be it a credit
card, HEL HELOC or whatever... if its worth it its your own damn fault you
are in debt.