For me, credit card interest rate is a non-issue. I use my card as a convenience and for the cash-back feature. I never use it as a means of living on borrowed money.

The paradox of credit cards…

Why you can’t win when you pay interest on a credit card…

As long as there’s a balance on your credit card, you are in debt. The lender requires you to pay interest for the use of that money. Credit card companies are happiest when you pay the bare minimum, because that extends the time you are making payments. How long can the time extend to?

This example from page 187 of Conscious Spending, Conscious Life might shock you. You may have to read this quote twice to digest what it is really saying.…
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