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John is on a tight budget. He has a credit card with a very high interest rate. Most months he struggles to make the minimum

John is on a tight budget. He has a credit card with a very high interest rate. Most months he struggles to make the minimum payment on the card. He is eligible for an upgrade on his smartphone and it will only cost him $400. He doesn't have the cash but could put it on his credit card. Why might this purchase be a risk?

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