Do you spend more when using a credit card?

Credit-Card Amex

Originally posted on Quora, answering the question: Do you think using a credit card costs you more money? Follow me on Quora. Whether you pay for an item with cash, debit or credit card, the price of the item remains the same. Many claim that they are advantages in using credit cards. Such as accumulating travel miles or getting 2% cash back. However, there is one major disadvantage of using credit cards that many people simply don’t know about. Many studies have shown that the consumer tends to spend more money when using plastic instead of cash. Some psychologists say that’s because our […]

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