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This Guest Post was submitted by Sharon Hurley Hall from Piggy Bank Pie Writing Services.

Anyone can choose the right credit card, but it takes special skill to choose a card that will leave you in a financial hole forever. If you’re not sure how to begin, stick with me and I’ll walk you through the process of choosing the wrong credit card. There are several approaches you can take.

Go To The Bank

First of all, remember that your banker is your friend, so if your bank offers you a credit card, it must be ok. Accept it with open arms and ignore the fact that banks are in the business of making money. Don’t even think about the fact that your interest payments are filling their coffers. Instead, sign on the dotted line and start a spending spree on your new card.

Close Your Eyes

To make the most of this strategy, there’s something else you should do, or rather avoid. Whatever you do, don’t pay attention to the interest rate. What does it matter anyway? It’s all free money, isn’t it? If you do make a slip, remember that only the initial interest rate is important. That’s the one that got you to sign. The fact that you’ll be repaying three times as much within six months is unpleasant, and best avoided.

Avoid Comparisons

Don’t shop around. Sure, there are financial comparison sites, but what’s the point of looking at those? They’ll only give you a low rate credit card, which might actually help you to reduce your debts. You don’t want to do that because that will detract from your goal of choosing the wrong credit card. And you especially don’t want to find a card with a long term low rate or good balance transfer deal.

Finishing Touches

OK, so those are the things to avoid, but there are a few more steps you can take to make sure that you use your credit card to get further into debt. Don’t worry, you won’t be alone. Thousands are doing the same thing every day. Repeat after me: an empty credit card is a wasted credit card, so rack up as many bills as you can. Your high interest bank credit card will soon be maxed out - and you can complete the process of getting into debt by paying only the minimum each month. You could be in debt for years.

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Steve

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