Credit Card Companies Make Billions Off You

You think your credit card company is your friend? Think again. They make a whopping $71 billion a year off you — yes, you! How? By charging you an average interest rate of 20.5% on that $6,580 credit card debt you’re probably carrying. But hold up, it gets worse. You’re not just paying interest; every late payment hits you with fees that can be as high as $39. And don’t forget the annual fees on cards like the Chase Sapphire Preferred — $95 just to keep it active! So, how do you fight back? Pay your balance in full every month and avoid those sneaky fees. Don’t let them profit off your mistakes!