Insanity Rules ... What Happened To Usury Laws?

[teeceetx]

Just got an offer for a Citibank Simplicity credit Card.

0% interest on purchases for the first 12 months.

28.74% interest on purchases thereafter.

REALLY? Almost 30% interest!!!!!?????

(The question was rhetorical, I know what happened to usury laws!)

 

[old tex]

what happened to usury laws!

I think they expired just about the same time as our schools started lowering standards to graduate.

 

[Tootsie]

Look at the late fees and the rest of the terms. Handle with care, definitely.

 

[Mountain trapper]

A credit card is good to have. As long as you pay off the balance each month. I've never cared what the interest is, I rarely have to pay it.

 

[d_marsh]

28.74%!? Where do I get such a sweet deal!?

They have been expletiving soldiers, marines, airmen, and seamen just off base for years with 30% interest car loans, credit cards and payday loans. That's why I just went with escorts instead, they had better rates and shorter commitments.

 

[Mountain trapper]

28.74%!? Where do I get such a sweet deal!?

They have been expletiving soldiers, marines, airmen, and seamen just off base for years with 30% interest car loans, credit cards and payday loans for years. That's why I just went with escorts instead, they had better rates and shorter commitments.

There are lots of fools out there. I bought my Jeep Wrangler in 2007 through the PX in Kandahar. There were lines of soldiers buying motorcycles, cars and trucks too. All young kids without an ounce of brains and no thought of how to pay for them.

 

[Haertig]

28.74%!? Where do I get such a sweet deal!?

It gets even sweeter when Biden forgives your debt. We can't have you being saddled with oppressive debt after the fact, now can we?

 

[Supervisor42]

A credit card is good to have. As long as you pay off the balance each month. I've never cared what the interest is, I rarely have to pay it.

You beat me to that one.
I haven't paid a dime in interest in decades, and use CC's for EVERYTHING!
Make a purchase with someone else's money, and pay for it in 35 days, interest-free, what's not to love?
The 'alleged' interest rate means nothing.