Friday, June 25, 2010

Is the happiness brought by credit card use really priceless?

I am fascinated by master card’s advertisements. It basically shows how much happiness costs. It’s the classic example of how these companies utilize human emotion to get more customers. I particularly like the Christmas version.

Is it really priceless or is it just another advertising scam to gain more profit?

A lot of negative experiences in credit card use has made many people skeptical about the real issue behind all of the charges, increasing interest rates, and questionable offers.

Studies have shown that as of 2004, the average middle class American family’s debt totals in at about $8,000.00. That means that if an average family has 4 members, each already has a 2 thousand dollar debt to the credit card providers.

I think credit card companies should stop encouraging people to spend more. But LOL that’s wishful thinking. Their primary goal is to earn from the people’s debts. See, they don’t gain anything from those who pay on time. They gain more from the charges they impose on those who can’t meet the deadline.

So can credit cards buy you happiness? For the moment, until you get your bill. LOL!

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