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I started my credit card career with a card from NextCard when I was 19 because I could put a cool photo of a space shuttle on it. My dad told me that demons would descend from the sky and slit my throat if I ever failed to pay my full balance each month, and except for two occasions of extreme consumerism I always have (the demons were a challenge, but I defeated them both times). I quickly discovered that not only could I borrow the credit companies money FREE for a month, but they would also PAY me to borrow their money for a month (again, as long as I paid off the full balance each time). My cool space shuttle card quickly gave way to the first of many "cash back" cards that I now use religiously. A few months back my MasterCard statement included a $100 check of accumulated cashback which I promptly blew on automotive parts. Monday my AMEX rebate check for $187 arrived and I reluctantly spent it on stuff I actually needed. Flushing all my purchases through my credit cards does let the government track my every move (despite the aluminum hat) but I'm hooked on my cashback drug and I don't want to kick it!
User Comments for 03-03-2006:
So your saying credit cards are good? hahaha. I thankfully have 0 creditcards now and im still paying for my mistakes for an est 90 years! I love corp America. But I congratulate people that can beat the system without the temptation of just paying the minimum fee.
Stavos
I personally pay my credit cards in full every month. I am a credit debt paranoid person so I don't like to be in debt.
Excelcier
I wish someone would have taught me how bad debt was earlier. Its something I'll teach my kids. I hope to have everything paid off in the next year.
Tim
I hear armadillo hats work better than foil.
Duane

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