Why I have no credit card

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Why I have no credit card

Tuesday, February 20. 2007

APR: 19.8% (0.05425% daily periodic rate).
Lose almost 20% on money you don't even have yet!
The longer these offers keep coming, the higher the APR is. I really don't get why they think I may want a card at nearly 20% when their 12 previous offers at lower rates have drawn no response. Because if I'm sinking in a morass of doomed credit, and surely I'd take any offer sooner or later, no matter how financially deadly, it's certainly news to me.
Posted by Sapphire Cat in Economics at 19:45 | Comments (0) | Trackbacks (0)

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