Credit card debt has never been so adorable.
A new ad for Canadian debit card program Interac features Max, an Australian Shepherd with a love of Kobe beef sliders, dog bones and plush toys … and a big problem with spending.
As the (fictional, just to be clear) story goes, Max learns how to use the internet, turning his occasional splurge into a full-fledged online shopping addiction, complete with all the side effects we humans have to endure as well. Specifically, Max goes into credit card debt.
The ad calls on a few experts to weigh in on the very real facts of what credit card debt does to cardholders, including dealing with debt collection phone calls, depression and even sickness. A real-life veterinarian even gives his take.
The ad is a funny and cute way to warn people about the dangers of credit card debt while showcasing one of the key benefits of debit cards — you can’t spend more than you have.
Max is able to ultimately get back on the right track by burying his credit card and going debit-only for a while. If in this fictional world Max also has a credit score, he’ll want to be careful that his card doesn’t get closed by the issuer, which could hurt his credit scores. However, paying off his balances will definitely go a long way in improving his credit. Max is on the right track.
If you’re a Max, you may also want to consider opening a balance transfer credit card with a 0% introductory offer to give you some breathing room from your debt. And if more than one credit card is plaguing you, you might want to make a plan to pay off your debt by using a credit card payoff calculator like this one. You can see how your credit card spending is impacting your credit scores for free every month on Credit.com.
More on Managing Debt:
- The Credit.com Debt Management Learning Center
- How to Pay Off Credit Card Debt
- 5 Tips for Consolidating Credit Card Debt