What ever happened to cash? Why buy crap (stuff you really don't need just want) if you don't own it after you have swiped the card? It is plain silly if you ask me. We decided to close our accounts to places where we simply can hold off buying items. Why have the temptation lying around? It makes no sense.FYI: In the last 10 years credit card debt has tripled in the United States. Seventy percent of all U.S. cardholders carry a balance on their credit card averaging $3,900, and about three-fourths of them make only the minimum payment, which would be about $78 each month. At 18 percent interest, it will take them 35 years to pay their debt, and they will pay out over $10,000 in interest before they are done. (Data courtesy of Bankcard Holders of America, Salem, Virginia.)
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