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Joined: Feb 2013
Posts: 6,454
Campfire Tracker
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OP
Campfire Tracker
Joined: Feb 2013
Posts: 6,454 |
So I was going to get a new cell hone from Amazon for 675. If you applied for an amazon credit card it is 60 bucks off. So I figure 60 bucks is worth filling out a form. It is only a few questions, then they give you the rate. 26% interest????? I pay everything off that month, and we have zero debt, but I would never sign up for 26%. That is criminal. ![[Linked Image from i.imgur.com]](https://i.imgur.com/1XNbirV.jpg)
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Joined: Mar 2013
Posts: 27,091
Campfire Ranger
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Campfire Ranger
Joined: Mar 2013
Posts: 27,091 |
Democrats and china taken America to the bank.
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Joined: Oct 2012
Posts: 5,119
Campfire Tracker
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Campfire Tracker
Joined: Oct 2012
Posts: 5,119 |
If you pay the balance monthly what does it matter what the rate is?
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Joined: Jul 2009
Posts: 4,475
Campfire Tracker
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Campfire Tracker
Joined: Jul 2009
Posts: 4,475 |
If you pay the balance monthly what does it matter what the rate is? Exactly. And sounds like it was disclosed pretty clearly
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Joined: Feb 2013
Posts: 6,454
Campfire Tracker
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OP
Campfire Tracker
Joined: Feb 2013
Posts: 6,454 |
The credit card company makes money on every sale. Why would I support this type of organization? Predatory lenders should be boycotted.
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Joined: Feb 2007
Posts: 11,756
Campfire Outfitter
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Campfire Outfitter
Joined: Feb 2007
Posts: 11,756 |
It’s plain and simple, the interest on unpaid balance is 26%, if you pay in full every month, it’s not an issue. Even if you do pay every month, and don’t like what they charge others, move on and find a card that you “like.”
NRA Patron
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Joined: Jan 2001
Posts: 30,760
Campfire 'Bwana
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Campfire 'Bwana
Joined: Jan 2001
Posts: 30,760 |
My Discount Tire CC using Synch Bank -0- % interest until paid in full.....currently have a balance w/0 interest My Amazon CC is through Chase Bank.....sweeter deal yet....for instance I have a $228 gas heater on my list.....I can buy for $28/month/0 interest for 6 months Or...buy on the card & receive 5% back next billing cycle....then pay statement in full when due I'm on to those fuggers..... 
T R U M P W O N !
U L T R A M A G A !
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Joined: Oct 2012
Posts: 5,119
Campfire Tracker
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Campfire Tracker
Joined: Oct 2012
Posts: 5,119 |
The credit card company makes money on every sale. Why would I support this type of organization? Predatory lenders should be boycotted. Fair enough. What is the predatory threshold? 4%? 12%? 20%? Can't believe they aren't in the credit game pro bono.
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Joined: Jan 2013
Posts: 2,385
Campfire Regular
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Campfire Regular
Joined: Jan 2013
Posts: 2,385 |
They are all thief's charging those kind of rates since the interest they are paying on the money is next to nothing.
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Joined: Oct 2005
Posts: 16,000
Campfire Ranger
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Campfire Ranger
Joined: Oct 2005
Posts: 16,000 |
They are all thief's charging those kind of rates since the interest they are paying on the money is next to nothing. not complete thieves. keep in mind defaults and losses due to forged charges etc. i don't like those rates either, and don't carry balances month to month they are paid off. but when the government changes the tax deductibility of interest on loands forcing a lot of home equity loans, that defaulted, the banks got wise. chase with their points system has bought me a few firearms with the rebates.
THE BIRTH PLACE OF GERONIMO
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Joined: Aug 2012
Posts: 5,457
Campfire Tracker
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Campfire Tracker
Joined: Aug 2012
Posts: 5,457 |
Use your $60 discount to pay the interest. Those are easy to qualify for. Therefore they likely have a high loss rate. If you put yourself into a group like that by getting a unsecured credit card from them and then you buy crap you cant afford to pay for in a month then you pay the cost of all their losses. No free lunch in America. Someone has to pay.
Life can be rough on us dreamers.
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Joined: Sep 2004
Posts: 29,383
Campfire Ranger
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Campfire Ranger
Joined: Sep 2004
Posts: 29,383 |
My dealings with this Chinese Portal are coming to a quick end.
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Joined: May 2004
Posts: 2,816
Campfire Regular
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Campfire Regular
Joined: May 2004
Posts: 2,816 |
My Discount Tire CC using Synch Bank -0- % interest until paid in full.....currently have a balance w/0 interest My Amazon CC is through Chase Bank.....sweeter deal yet....for instance I have a $228 gas heater on my list.....I can buy for $28/month/0 interest for 6 months Or...buy on the card & receive 5% back next billing cycle....then pay statement in full when due I'm on to those fuggers..... Believing in 0% interest is like believing in Santa clause. No such thing You don’t think they have the interest baked into their pricing ?
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Joined: Jan 2006
Posts: 69,317
Campfire Kahuna
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Campfire Kahuna
Joined: Jan 2006
Posts: 69,317 |
Good luck finding a card that's any different.
“In a time of deceit telling the truth is a revolutionary act.”
― George Orwell
It's not over when you lose. It's over when you quit.
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