I'm so glad to welcome you here to the Clark Howard Show where it's about your empowerment

with knowledge so you can keep more of what you make.

Coming up in just a few minutes and today's Clark Rageous Moment, I have a special warning

for you about a huge number of defective vehicles on the road in the United States, what

you need to know what you should do.

And coming up yet later, we have hit a new record that we don't want to hit.

That's the amount of debt we're carrying as Americans.

I have some key advice for you to talk about debt levels.

So speaking of debt, let's talk credit, credit cards.

debt card companies have been in a slug fest with each other over market share and have

gone after a segment of the market with reward cards.

And the reward card wars have gone on for a number of years, started dialing back about

a year ago.

And the change that shifted things last year was there'd been massive bonuses offered

for signing up for a variety of cards.

And one company would do huge bonuses and another wooden, then another, and then another

chase came out with a card that had a $450 annual fee that they projected would have

a small take up rate.

But because of a giant 100,000 point bonus last year, they had massive sign ups.

And I don't know if the numbers are accurate, but there were reports in the financial press

that chase lost over $300 million on that card because of the massive number of people

signed up just to get the 100,000 point bonuses and then would blow the card out after

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