So, you’ve got a credit card that rewards with with airline miles or points. Yeah, you know there’s a monthly fee and an above average interest. Yeah, you carry a balance each month to win more miles. It’s worth it, right? You’ll get a free plane trip soon, and the value of that outweights the extra interest and fees you pay. Right?

Not even close. CardWeb.com did some research and came up with the horrifying numbers. It’s a dirty secret that the price you pay isn’t worth what you get.

Flexo’s tip: Get a card with no yearly fee, cash back on purchases (not carried-over balances), and pay your balance off each month. And don’t buy what you can’t afford.

In other news, I have added a link on the top of the sidebar which will allow you to subscribe to this blog using BlogLines.

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About the Author

Flexo, the owner and creator of Consumerism Commentary, has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about him and follow him on Twitter.

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