How to Take Control of Your Credit Cards by Suze Orman - Assignment Example

Orman shows how someone can lower their credit card interest - thus lowering their overall debt on any given card - by paying a little more than the minimum payment each month, thereby not allowing time for the card to incur further interest. They can also accomplish this by seeking out new credit card issuers who offer minimal to zero interest on new accounts. The most interesting detail that I found in this core reading is how people tend to use credit cards to help control how much they spend, yet wind up increasing their debt due to increasingly high-interest rates.

While credit cards do have their good points, they seem to be more misleading and damaging than anything of benefit. Despite this, many people still tend to rely on them more for making purchases than they do money.