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Shred Your Credit Card and Win $1,000

by Peter Renton on January 4, 2011

One of the main reasons so many Americans cannot get ahead financially is credit card debt. If you resolved this New Year to get out of this vicious debt cycle now is your chance to do something about it. Cancel your card….and then shred it.

Last month Lending Club and PerkStreet Financial launched a fun new contest called Shred Your Credit Card. The way it works is this. Once you cancel your credit card think of a creative way to destroy it, take a video of the destruction and then submit the video to their contest. There are $50 winners every week and then a grand prize winner receives $1,000 at the end of the content. Two runner-ups will receive $300. The contest runs through January 28th.

Right now, there are not that many entries so your chances of winning are good. To get your creative juices flowing here is my favorite entry so far.

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