Credit Cards

IN THE BEGINNING…: In 1951, Diners Club issued the first credit card to 200 customers who could use it at 27 restaurants in New York. These days, companies can hike up the interest you owe on your balance without limits. To put it in perspective, a $4,000 balance with a 25% interest rate could tack on an additional $1,000 to your credit card bill in one year.

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