Credit Card - an Evil Fairy God Mother

Credit Card - an Evil Fairy God Mother

I don’t know what lures us to obtain those plastic money but perhaps it’s the magic of credit line- giving us full purchase power without shedding cash- that made us addicted to them.

Credit cards are burdens in disguise. I can still remember how my friend and I filled up form-after-forms to submit to different card companies and how we curse them whenever we received a letter stating the famous quote “we’re sorry but we can’t grant your application at this time for undisclosed reason however you may still reapply after six months etcetera…”. Does it ring a bell?

Now that we have finally got those elusive plastic money and been able to utilize its great spending power we secretly wish we haven’t pursued its application. Don’t get me wrong, credit card really has a lot of benefits when used wisely but on the wrong hands or wrong decisions we’ll end up being pestered by numerous telephone calls from debt collection agents.

I’m talking from experience, credit cards can be any girl’s best friends, it could be a life saver, a magician, a fairy god mother rolled into one, and oftentimes we tend to forget that no matter how great swiping those Burberry wallets and Gucci shoes or how cheap that Valentino bag because it’s on sale, our ever dearest plastic money has its due date and incurs a lot of hidden charges when not paid making us drown in their interests and penalties that multiply.

There’s nothing wrong with having or using a card, just don’t let it overpower you. Having a card that you could readily pull when situation got tight is good; you just have to use it with caution unless you want to be bankrupt because of its compounding interest rate.

Read more: http://gomestic.com/personal-finance/credit-card-an-evil-fairy-god-mother/#ixzz1Fugb4HoX

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