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Articles » Finance » Credit >> View Article
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| American Express Credit Card |
By:
Suta Chabok |
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Sometimes you have to wonder how we ever existed without the credit card. Why, since I cancelled my American Express credit card, I have been unable to partake of a wide variety of goods and services, and that is no joke. I found I couldn't join my local gym, order clothes over the internet or even reserve a plane ticket to New York, online, the basic stuff of life. Not that many years ago, people preferred cash to credit, but not now.
It's now normal almost everywhere in the world to use your Mastercard, Visa or American Express to pay for goods or services you may not even need with money they do not have. You cannot escape though, as the price is high when using your American Express credit card and buy it now, pay tomorrow philosophy. Credit card debt is mounting everywhere. I am not joking when I say that credit card borrowing is probably the biggest problem facing Americans today.
That is one of the main reasons why I had to cancel my American Express credit card in the first place. The problem was it was too easy just hand over my card and buy things without seeing the money being spent. I would charge everything and anything on it, and soon the costs would spiral out of control. When the debt became so great that I couldn't possibly pay it, I began to panic.
The debt refinancing service I turned to were my best hope and I managed to get the debt repayment under control. The whole situation was a nightmare. Today, I am American Express credit card and debt free. A lot of people would think that it is rash to blame it on my credit card, but I think that they do not understand something about human psychology.
When you have to pay for everything with cash, you are so much more conscious of how much it costs. As I said before, credit cards make the cost of things misleading because you don't take any notice. I would just keep spending, not realizing until all the money was gone. Now there is no American Express credit card; so no problem. |
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