Do not lose out on interest

You know how banks these days are always offering free credit cards for life? I always thought those were just gimmicks you know, because once you clarify with them further, you will realize that it usually comes with conditions. Some cards require you to swipe at least twice a month, some require you to swipe a certain amount a month, or some require you to maintain a certain amount of balance every month to be carried forward. I think the trick is they want you to spend more and owe more! Besides, there are also advertisements these days informing consumers on how you could easily ask for a increase in credit limit just so you could purchase that special something for that special someone. I still could not fathom this point, because if one cannot afford it, one should not borrow beyond one's means. However, many may beg to differ, and hence, they would end up with huge debts with the credit card banks and with that, a huge amount of interest as well. Eventually, the interest would mount up and the burden would weigh down upon you, rendering you helpless. However, fear not! It's still not too late to turn things around, with many zero percent balance transfer plans offered by various banks. My advice to those who have incurred large debts and mounting interests, is to quickly sign up for such a 0% balance transfer, so that you could reset your interest amount to zero, and then to quickly repay whatever debts you have, even if it means having to eat bread for the next few weeks. No doubt it wouldn't be an easy task, but it would be a start to a debt-free life!