I stumbled on to Mint’s infographic about all the pitfalls of credit cards. I especially like how they compare it to falling down a very deep ravine until you hit fire at the bottom.
If you haven’t seen it, it’s worth checking out:
http://www.mint.com/blog/finance-core/the-descent-into-credit-card-debt/
Just checked out the graphic, I was surprised to see that your 0% credit card can default back to the standard APR if you miss a payment on a different loan.
That is just wrong, surely the two are not directly connected. No wonder the economy is in the state it is when finance companies purposefully push people into debt.