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Reply #11: Well, it was not stupid when the initial rate was 9.9% before going to 79.9%... [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010)

Blackhatjack

(1000+ posts) Send PM | Profile | Ignore

Thu Dec-17-09 08:23 PM
Response to Reply #9

11. Well, it was not stupid when the initial rate was 9.9% before going to 79.9%...

Some of these people who hold their credit card already paid a significant fee to obtain the card, but the benefit was an interest rate of 9.9%. Now that they paid up front, they have their rates go up 70%.

Don't always assume people are just stupid when it comes to credit cards.

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