Credit-Card Companies Can Trick You Into Buying Too Much. Here’s How.

Even as cost-conscious Americans take steps to save cash, some are driving themselves into deeper financial holes.

Take travel-rewards credit cards, which consumers use to help pay for business travel and vacations.

On the surface, travel-rewards cards seem like a good deal. You open a card for personal use, pay for goods and services with it, and stack up cash-saving rewards points you can use for your next trip.

There’s a fly in the ointment, however.

According to a new ValuePenguin survey of 1,000 Americans, nearly a third (32%) of consumers whose travel credit card came with a sign-up bonus spent more than they could afford to redeem the perk.

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