Credit Card APR....35.99%

[Winco]

Ok, I'm just asking and NOT blaming any POTUS, Political Party, or Policy.

This has been going on for years......but how is it allowed?
Here is the random letter I received in the mail for a CC offer.

Am I missing something here......?
Probably, but tell me why this is even allowed.

Manage your account

d.comenity.net

 

[shockedcanadian]

Ok, I'm just asking and NOT blaming any POTUS, Political Party, or Policy.

This has been going on for years......but how is it allowed?
Here is the random letter I received in the mail for a CC offer.

Am I missing something here......?
Probably, but tell me why this is even allowed.

View attachment 1154395

Manage your account

d.comenity.net

That's criminal. You could probably negotiate better terms with a mobster.

 

[SassyIrishLass]

For once we're on the same page. It's something that needs addressed, that and our oldest daughters keep getting offers of cards with 35% interest rates and like 80 dollars a year in fees for a 500 dollar limit.

It's ridiculous

 

[Robert W]

Ok, I'm just asking and NOT blaming any POTUS, Political Party, or Policy.

This has been going on for years......but how is it allowed?
Here is the random letter I received in the mail for a CC offer.

Am I missing something here......?
Probably, but tell me why this is even allowed.

View attachment 1154395

Manage your account

d.comenity.net

Sorry your credit rating is so terrible.

 

[Robert W]

For once we're on the same page. It's something that needs addressed, that and our oldest daughters keep getting offers of cards with 35% interest rates and like 80 dollars a year in fees for a 500 dollar limit.

It's ridiculous

My credit cards pay me as much as 5% to use them. I pay on time when billed in full.

 

[yidnar]

Sorry your credit rating is so terrible.

even with good credit the interest rates are criminally high !

 

[SassyIrishLass]

My credit cards pay me as much as 5% to use them. I pay on time when billed in full.

That's the way to do it but many don't and end up in a never ending cycle of just paying interest

 

[Winco]

For once we're on the same page. It's something that needs addressed, that and our oldest daughters keep getting offers of cards with 35% interest rates and like 80 dollars a year in fees for a 500 dollar limit.

It's ridiculous

We are on the same page more often than not, you just seem to despise me for calling out trump for the Con Man he is.
That's OK, it's the TDS isn't it?

Sorry your credit rating is so terrible.

You're an idiot.
My credit rating is exceptional. Did you MISS the part about "Random Letter"
But please feel good about your dementia.
Poor Lad. ^^^^^

 

[ThisIsMe]

Ok, I'm just asking and NOT blaming any POTUS, Political Party, or Policy.

This has been going on for years......but how is it allowed?
Here is the random letter I received in the mail for a CC offer.

Am I missing something here......?
Probably, but tell me why this is even allowed.

View attachment 1154395

Manage your account

d.comenity.net

It shouldn't be allowed, but it is. Credit card companies are nothing but legalized theft.

Best thing you can do for any credit card application is tear it up and throw it away.

 

[Dekster]

Ok, I'm just asking and NOT blaming any POTUS, Political Party, or Policy.

This has been going on for years......but how is it allowed?
Here is the random letter I received in the mail for a CC offer.

Am I missing something here......?
Probably, but tell me why this is even allowed.

View attachment 1154395

Manage your account

d.comenity.net

Consumer credit accounts have high default rates which is how they rationalize their interest. In my state, as long as they are a state registered bank or lending institution, they can charge you whatever you agree to even though the most I could charge you would be 12%.

BTW, I have an 800+ credit score and i still get offers in the 20% range based on my excellent credit LOL. I still have a fixed rate for life card with less than 8% interest from decades ago I'll use if I need to actually finance something. I usually pay off the balance within a day or 2 of it posting to my account. Has probably been 15 years since I paid them any interest or fees as I never have a payment due.

 

[MarathonMike]

My credit cards pay me as much as 5% to use them. I pay on time when billed in full.

I was just going to post that. My wife and I have made thousands of dollars off of credit cards by never carrying a balance and cash back awards.

 

[MarcATL]

What range is your credit score in OP?

 

[Eman623]

When you pay off the balance owed each month, you lose "interest" in what the interest rate is.

 

[Robert W]

We are on the same page more often than not, you just seem to despise me for calling out trump for the Con Man he is.
That's OK, it's the TDS isn't it?

You're an idiot.
My credit rating is exceptional. Did you MISS the part about "Random Letter"
But please feel good about your dementia.
Poor Lad. ^^^^^

You know how much I hate when you bullshit us.
Michels card pays you 9 percent annually and does not charge you what you claim. You said you have great Credit.

 

[Rambunctious]

Cut up your cards... everyone cut them up... you may as well be borrowing money from the mob... never take out a loan on plastic... and try.... besides maybe your home to never take a loan out for anything... be debt. free... I pay cash for what I need or I don't need it... I use Amex and pay it in full every month to avoid interest... but never get into debt.....

 

[SassyIrishLass]

I was just going to post that. My wife and I have made thousands of dollars off of credit cards by never carrying a balance and cash back awards.

Many times we've used our cards to purchase, get the rewards and pay off the same day

 

[Dont Taz Me Bro]

Ok, I'm just asking and NOT blaming any POTUS, Political Party, or Policy.

This has been going on for years......but how is it allowed?
Here is the random letter I received in the mail for a CC offer.

Am I missing something here......?
Probably, but tell me why this is even allowed.

View attachment 1154395

Manage your account

d.comenity.net

Nobody is forcing you to accept it

 

[Winco]

My credit cards pay me as much as 5% to use them. I pay on time when billed in full.

LOLLOLL...... prove it Robert.
You have a CC company that pays YOU? LOLLLOLLL

BTW, I charge 3-5K per month on my Alaska CC, and I pay it off BEFORE any interest is charged.

But sure dementia man, you, and only you, have a CC that actually pays you to use their card.
How does this make any sense in the Capitalist World of Banking.
Please explain, and share your success.

 

[Robert W]

That's the way to do it but many don't and end up in a never ending cycle of just paying interest

I call them Democrats.

 

[MarathonMike]

Many times we've used our cards to purchase, get the rewards and pay off the same day

That's it! Banks hate people like us. They call us "deadbeats".