Let's talk about credit cards

On this date:
1916 - Beverly Cleary, American writer ("Ramona," "The Mouse and the Motorcycle"), was born
1945 - Franklin D. Roosevelt, 32nd President of the United States, died

Credit cards. Practically every American has at least one, possible more than a dozen. Most people don't understand what they sign up for, or read The Fine Print. All they care about is the card limit, not even the interest rate or the fact that minimum payments can mean paying off a card in 20 years. Onto more articles that shed a bit of light on the different areas of credit cards, rarely known as "loans."

Good Credit Card News Overstated - "For some issuers, this means increasing (but not necessarily doubling) minimum payments."
Prepaid cards don't serve child's interest - "Most children don't have the capacity to understand what they are getting, Bodnar said. They just know they have something that looks like a credit card that their parents can put money on again and again."
HSBC, Citigroup Stymied by Chinese Who Pay Credit Cards in Full - "Even Merchants Bank President Ma says he won't roll over his credit-card bills."
Credit cards boobs were really fake fakes - "In just one month, a credit card offering free breast implants as a sign-up bonus attracted hundreds of female applicants and more than 130,000 visitors to its homepage..."
From the Better Business Bureau: How many credit cards are considered too many? - "According to some sources, the average person carries 11 credit cards or loans (yes, you have to count the loans). This number includes different types of cards and installment loans for cars, furniture, student loans or mortgages."
New way to score credit still flawed - "Equifax, Experian and TransUnion recently unveiled what they are calling the "VantageScore," a system that will reportedly simplify credit-risk scoring that helps determine what interest rate consumers will pay."