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Unique & Delightful Credit Card Benefits #683

How to Money

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Does This Make Credit Cards Predatory?

A recent study found that reward. cards tend to induce more spending leaving naive customers with higher unpaid balances. Some folks out there are deluded into believing that this actually helps their credit by carrying a balance. This is not the case. It only hurts your bottom line because you're paying money. And yes, some people end up losing in the proposition, but that's why we need more personal finance education.

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