How many times have you entered a store and saw something you just had to have. However, the price tag is not quite the amount of money you want to pay. So, you decide to budget and end up buying something similar but less expensive.
You go through the checkout and the lady says "Would you like to apply for a Store Credit Card and receive 15% of this purchase?"
Well, immediately you start thinking about the item you really wanted. You quickly do the math and you find you will end up paying less for the item than the less expensive item. You fill out the form. You are approved and you are on your way.
What should you have done? Stuck with your informed decision in the first place. What are the dangers of changing tact here? You end up with a credit card that undoubtedly you will keep putting off paying the monthly payments. You end up building up interest on the account and even worse, you buy more things with the card.
The second best option would have been to apply for the card and still buy the less expensive item. Buyer beware my friends. Don't go down the spiraling avenue of never ending credit card debt.
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