Today’s Economic Lesson…

Today’s Economic Lesson…

If you’ve ever put the whole dinner bill on your credit card in order to get the rewards, listen up. A new Bankrate survey finds that covering a tab after a night out with friends can really get expensive if they’re not eventually paying you back. Seventy percent of U.S. adults polled who’ve picked up the bill to get credit card rewards say they have paid more than their share of the bill at least once in the process, and 25 percent say they end up paying more than their share of the bill frequently. The point here is that you shouldn’t be caught up in earning credit card rewards when you really just might be increasing your debt– make sure everyone pays their share of the bill when you go out with a group.

 

  • MM

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