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Credit cards, interest rates being jacked up |
LAG
Marshal
Lethal Assault Group
Joined: September 19, 2004
Posts: 323
From: Margaritaville
|  Posted: 2009-04-26 08:50
If you have a credit card with a bank, watch out! Interest rates on existing/future balances are being increased to stupid crazy numbers. Expect to see 15-25% interest rates on credit cards issued by banks (specifically BANKS). Credit unions are NOT expected to follow this trend. Just keep in mind that a bank will operate to benefit it's share-holders, not you.
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Azreal
Chief Marshal
Joined: March 14, 2004
Posts: 2816
From: United State of Texas, Houston
| Posted: 2009-04-26 09:18
[ This Message was edited by: Azreal on 2009-04-26 20:57 ]
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Little Pet Slinki
Admiral
Joined: April 16, 2006
Posts: 836
From: United Kingdom, South West.
| Posted: 2009-04-26 09:47
Your still buggered with the huge amount of liability floating around.
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Azreal
Chief Marshal
Joined: March 14, 2004
Posts: 2816
From: United State of Texas, Houston
| Posted: 2009-04-26 13:02
[ This Message was edited by: Azreal on 2009-04-26 20:57 ]
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Eledore Massis [R33]
Grand Admiral
Templar Knights
Joined: May 26, 2002
Posts: 2695
From: tsohlacoLocalhost
| Posted: 2009-04-26 13:37
Credit cards, there one way of the banks to make money. Especially when they use the american model. But some country's don't, like netherlands and belgium for example.
In the netherlands and belgium there verry few company's that are just a Credit Card company. Most are Banks, and you need to have a account with them to have a Credit Card.
There are loan company's that have interesting interest rates but miss two Payments and those interest rates become like mountans.
But yer talking Credit cards. lemme give you something of what i know.
With my bank if you have a Payment account it comes with a Chip and Pin card (a AMV equivilant) for a price of €9.95 per quarter and for just €1.90 extra you get a Credit card
All payments with the PIN card and Credit card are FREE!!! within europe.
Exeptions are using CC outside EU to withdraw cash thats a €4.50 charge per withdraw, And withdrawling in foreign currency from your accoung requires a additional 1% to the current exchainge.
So god bless the netherlands and stop using those credit cards..
Go Direct Debit payments! If you don't got the cash, don't buy it.
[ This Message was edited by: Eledore ICC Massis [R33] on 2009-04-26 13:44 ]
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Borgie
Chief Marshal
Pitch Black
Joined: August 15, 2005
Posts: 2256
From: close by
| Posted: 2009-04-26 20:56
thanks.. this post reminded me to pay my credit card bill
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