Money Angles: Beware the Plastic Loan Shark

Beware the Plastic Loan Shark

Before I tell you the two cardinal rules of plastic, I've got to tell you about this little gimmick. I'm a fan of AT&T, so I have mixed feelings about revealing it. But until they close the loophole, how can I resist? It wasn't my idea; it comes from Denny Cunningham, a sharp-eyed user of my computer program. And it's this simple: if you have an AT&T Universal MasterCard, as 11 million of us do, and if you pay your balance in full each month, there's no interest charge on cash advances. Just a 2.5% service charge, with a minimum of...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!