Tough realities about credit cards
How Rotten Can Credit Cards Really Be?
I mean, can the worst card really be that bad? YOU tell us!
Would you get this credit card? It's available to you right now:
Your credit limit:
$400.00
The fee you pay to get the card with the $400.00 limit:
$100.00
Your credit limit after fees: $300.00
And the interest rate on that credit card—would 25% bother you?
Look at that again:
- You first have to pay the credit card company $100 to be able to charge $300.
- You have to pay rip-off rates on any charges you finance on your card.
Do you need a friend like that?
Here's what the credit card company says: "We are trying to help you!"