The blog "Get Rich Slowly" has a post on how to avoid five common credit card company "traps":
- "As low as 9.99% APR!"
- "Up to 5% Cash Back!"
- "0% interest on balance transfers for 12 months!"
- "Your card has a credit limit of $3,000"
- "Any time for any reason"
The post describes each of the traps and how to deal with them. Believe me, this is really valuable information. Most people have no idea how the terms on their credit cards can change and how what seems like a great deal can actually be the stinky end of the stick, at least until they grab the stick and it's too late.