about credit card warnings, I explained the dangers of zero-interest cards, particularly those offered by retail stores. If you fail to pay the FULL balance off within the specified zero-rate time period, you can be charged a 30%+ rate for the entire amount, retroactively from the original date of purchase!
To be clear, these purchases are not intended to be paid immediately upon receiving the credit card bill. Instead they will be financed over time. And if you’re willing to pay 20% interest on a dinner that is literally “down the drain” before you get the bill, you’re in deep trouble!Chasing credit card rewards may lead to another disaster. It might be an offer of immediate miles on an airline card, or a bonus on a travel card or cash back on purchases.
Even worse, everything that they do for you, you could do yourself! You can check your credit report at all three bureaus, using the links at AnnualCreditReport.com. You can get your free credit score at your bank or from CreditKarma.com.