Released: June 06, 2007

Credit cards can catch you unaware

Source: Susan Tompor, Detroit Free Press

Over the years, my son has seen me pull out my credit card plenty of times. We get points, after all, at Toys R Us. Yet trying to be a semiresponsible mom, I tell him repeatedly that when he gets older — he’s 9 now — he should never use a credit card to buy what he cannot afford.

My litany of maternal advice: Say thank you. Don’t smoke. Pay your credit card bills in full. And never date a girl who would spend $500 on a skirt.

But my words of wisdom on plastic don’t come close to covering the land mines of credit card loopholes. 

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