79.9% APR Credit Card = loanshark IMO

Discussion in 'Et Cetera, Et Cetera' started by TurkeyWithaSunburn, Dec 18, 2009.

  1. TurkeyWithaSunburn

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    And you thought YOUR credit card rate was high!! :eek:

    The Associated Press: Credit card's newest trick: 79.9 percent interest
    Disclosure notice in the sidebar

    No, You're Reading That Right | NBC San Diego
    Actual picture on the page

    :rant: :soapbox:
    I'd get a root canal before I dealt with these shysters. OK so it's First Premier the infamous $300 limit card that has $256 in fees right off the bat. Seriously something is wrong when a bank can set an APR of that. How much are loan sharks charging now a days?

    I seriously wonder how many people received this offer. It seems as if it was a select mailing to certain cardholders. So they are subprime, doesn't mean you should financially rape someone.

    So much for that Bible verse against usury.:rolleyes:
     
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