Exercising Caution with Your American Express Credit Card

I was grateful to those who invented the credit card inAmerican Express credit card offers through the mail
the beginning, but then my gratitude turned into angeron a daily basis. These credit card companies never
and disgust. This rapid transformation is all related tostop pitching. The hilarious part is that the interest rate
the APRs of credit cards. I am annoyed by the factis an atrocious 20 percent. The sad thing is that my
that interest rates are constantly increasing. I assumedaughter doesn't know if that's good or bad.
that you know the drill by now. Unfortunately, thoseTo make things worse, she still wants to acquire an
who are new to the "real world" never do.American Express credit card after I told her that it's
I'm talking about the recent high school graduates andan utterly horrible idea. Well, I guess it's understandable
fresh college students who are just discovering theon some level because it's a part of being older and
real world. They still get excited at the Americanmore independent. However, I don't want to watch her
Express credit card spiel in the mail despite all thefall into debt like most of us do.
ranting about the dangers of credit cards.You should do some research if a Visa, MasterCard
Many young and clueless people have fallen for theor American Express credit card is essential in your
traps of the credit card madness. The whole world islife. It would be smart to browse the web over and
basically enveloped in it. It would be a good idea to tryover for low APRs. You should not choose an
and claw your way out if you can or do better by notapplication until you pinpoint the best one.
acquiring any credit cards at all. Do not be tempted byYou'll have some work ahead of you if this is your
an American Express credit card that offers a 0 APRvery first credit card. I don't recommend an American
for the first year. I assure you that it's not worth yourExpress credit card for a college student or young
future earnings and upcoming torment with debt.individual, even if some people prefer it because of the
You might say that it's bizarre for me to mention thisopen spending limit. Credit cards that have open
now because my 18 year old daughter is currently inspending limits are strictly for people who are financially
the hot seat. She receives MasterCard credit card andset.