Do you make purchases using credit cards? Do you want to know why you shouldn't be using credit cards? Some of you may think that using a credit card is intelligent. There're basic three reasons that make you feel so: • Reward points such as cash back • Zero interest if you pay on time • No need to carry cash We hardly need to pay the credit card issuing bank anything other than the minimum annual fee. Then how do these banks earn profit using us? Let's explain with an example: We use Facebook for free, right? Then how does Facebook make money? They use our personal data, likes and dislikes to show the target ads which match our needs. Now you get the point that there's nothing free in the world.
from Business Articles from EzineArticles.com https://ift.tt/2rKnayt
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