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Sunday, 17 Kislev, 5780
  |  December 15, 2019

The Dark Side Of Credit Card Points

Beware of scams: A scheme allowing others to charge your credit card to amass points have left dozens in debt for $18 million. Full Story

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Chaim
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Chaim

This is so important.

Thank you for posting!

Thank you Dan
Guest
Thank you Dan

Thank you for saying this. Thank you for saying what ive been saying for a few years now when i was approached to do this. Someone asked if i wanted to use my credit cards for a business in Boro Park and i refused even after being asked countless and countless times im so happy i kept refusing and saying no because the risk was not worth it

Chossid
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Chossid

@#1, yes as well as a few others.
Dan, your ending is spot on. Hopefully people will start becoming more financially responsible.

Thank you Dan!
Guest
Thank you Dan!

So responsible of you to post this. You are someone people look up to, take advice from and respect in terms of c/c advice. Lots of young people/couples are part of a “buying groups” in CH. Yes, the owners are honest, but if c’v they run into financial issues, it’s the small guys that are getting to get hurt. Thank you for writing this important article!!

After paying off 100k in CC debt
Guest
After paying off 100k in CC debt

after paying it off, we cut up every card and closed every account. we are so much better off . paying down mortgage. and putting money into future investments as opposed to credit cards…. life is so much better and we can sleep at night

Here is another crooked scheme to beware of
Guest
Here is another crooked scheme to beware of

There are people who claim they have a lot of cash and tell you to let them exchange it for your checks. They use this as a gimmick to get your money as long as they can. Don’t trust anyone. The crooks are always plotting how to ripoff honest people.

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