Avoid Credit Card Traps During the Holidays

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Credit card companies make it easy for consumers to borrow money for the holiday season, but there are a few things you should be on the lookout for.

Many store credit cards provide a discount on the purchases you make on the day you open up the card. But interest rates are usually very high on store credit cards.

Also, a discount with an expiration date, such as the one that is only good on the day you open the card, means you’re more likely to spend more that day than you normally would.

Image via Flickr/Nicu Buculei

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