Credit card companies have become a big menace for our society. They charge a huge transfer fee that can be a percentage of the balance transferred. In addition, the interest rate is usually kept high for the customers. It further becomes difficult for them to pay off their debts.

For these companies, freshers and young generation are prey. It would be surprising for you to know that one such company captured me during my college days. It had a limit of nearly Rs. 25000, which was a huge amount for me then. Later, I was surprised to know such companies charge exorbitantly high interest rates, and an annual fee of Rs. 4000.

These companies are infamous for attracting people, and making them fool. Beware of such companies that try to ruin your life at an early age. Remember mistakes made, while you are young and fresher, are not forgiven by credit card companies, and will affect your credit rating for many years to come.