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Credit Cards A couple of things: 1. Credit card debt is not deductible. You are better off having a higher mortgage, usually. Consult your tax advisor. 2. A low initial APR is only good if you change after the period. 3. If you carry even $1 in debt, you lose the float. Interest accrues immediately when payment is made for new purchases. |
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A lot of the information on this site was taken from the FTC. Some of it copied directly. If you want, call them at 1-877-FTC-HELP |