An indispensable part of today’s life is a credit card. Unfortunately, if you cancel your American Express credit card like I did, it means you cannot have access to certain services you may have taken for granted. Some of the basic things I took for granted were lost to me, even the simple act of buying a plane ticket to Florida. It seemed like only a few years ago that cash was the preferred way to get stuff, but those days are long gone now.
It is a global phenomenon buying products or services with your American Express credit card without even caring whether or not we can afford them or even need them. However, there is a price to pay when you use your American Express credit card and the buy now, pay tomorrow attitude. The amount of money owed on credit cards is growing everywhere. It is true that credit debts are one of the biggest problems that are facing America today, and that is no joke.
This is the primary reason I decided to cancel my American Express credit card recently. I found it too easy using my card and spending money that wasn’t mine to spend. Charging everything to my card was stupid because before too long the debts just spiraled out of control. I was dealing with a debt that I could not possibly pay, and I was in a state of panic.
It took a debt consultancy specialist to finally get me back into a position where I actually started to pay my debt off. It was like being in a living nightmare. The hardship was worth it though because I am now debt free and my American Express credit card is no more. Most of you reading this will probably think it’s not the fault of the credit card but you need to understand something fundamental about human psychology.
When you have to pay for everything with cash, you are so much more conscious of how much it costs. As I said before, credit cards make the cost of things misleading because you don’t take any notice. I would just keep spending, not realizing until all the money was gone. Now, there is no longer a problem because there’s no longer an American Express credit card.
