Comments on: The credit card minimum payment trap

By: Tony

Tony — Thu, 31 Jul 2008 04:29:17 +0000

Hey Jedd, I can understand why you see it that way, but you have to consider a couple of things:

1) You don’t necessarily have to pay Amazon.com purchases with credit. According to their site they accept also: “Amazon.com gift certificates, Amazon Credit Account, Webcertificatees, payment directly from your bank account, and checks, money orders, traveler’s checks, or cashier’s checks denominated in U.S. dollars and drawn on a U.S. bank. Additionally, we accept Borders Gift Cards and Waldenbooks Gift Cards as payment for qualifying orders.”;

2) Awareness is extremely important when trying to resolve an issue. If $19 + tax can be the wake up call that many people need to help motivate them when it comes to spending less in the long term, than it’s well worth it.

Thanks for commenting.

By: Jedd

Jedd — Thu, 31 Jul 2008 01:18:16 +0000

Ironic that in an article entitled “The credit card minimum payment trap” that there’s a link to Amazon.com so you can BUY (probably with a credit card) a video about credit card debt. This comes across as a little hypocritical. $19 (+tax) for a video you’ll watch once? Doesn’t seem real financially savvy. Great article though.

By: Tony

Tony — Tue, 22 Jul 2008 17:08:53 +0000

Actually Simone, they are both considered acceptable as you can read in this post: http://thegrammarvandal.wordpress.com/2007/07/30/atgv-farther-vs-further/.

By: Simone Brunozzi

Simone Brunozzi — Tue, 22 Jul 2008 16:52:51 +0000

substitue further with farther

By the way, interesting article. I see a similar phenomenon growing up in Italy very quickly.

By: Tony

Tony — Mon, 21 Jul 2008 19:32:40 +0000

Thanks for spotting that, K. Of course, it’s 1.132 billion mail offers. It’s fixed now.

By: K

Mon, 21 Jul 2008 18:37:38 +0000

That 1.132 trillion number cannot possibly be right. That is about 4,000 pieces of mail for each resident of the United States. Did you mean billion?