Every person who pays off their credit card in full each month should be using a credit card that gives a rebate or a reward. Otherwise, you are being economically foolish. Some of these cards pay you a significant cash rebate just for using the card.
More Quotes from Bill Hardekopf:
There are so many different options for consumers that didn't exist 20 years ago.Bill Hardekopf
The card does have some good attributes, but consumers need to be cautious and know what they're getting into. They really need to dive into the terms and conditions.
Bill Hardekopf
In 95 percent of the country, it probably works great, and if you use your minutes correctly it's a great deal.
Bill Hardekopf
These households have probably gone through budget shock--as their balances have risen, the interest rates have also increased every few months and the minimum payment percentage has just increased. The average APR is now above 13, so carrying that balance is getting very expensive. The average household is paying over 700 per year in interest for credit cards.
Bill Hardekopf
We don't think this is a good thing for consumers. The telecom industry has exploded, in terms of growth and options, and now ATT will be even bigger and more powerful than it was.
Bill Hardekopf
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