No, You're Reading That Right 79.9 percent rate targets credit-challenged

nbc ^ | 10/17/09

[FromLori]

Gordon Hageman couldn’t believe the credit card offer he got in the mail.

"My first thought, it was a mistake," Hageman said. The wine distributor called the number on the offer, gave them the offer code and verified his information. Sure enough, it was right: the pre-approved credit card came with a 79.9 percent APR.

Yes, 79.9 percent.

[FromLori]

Democrats got rid of usury hate to use this source but at least it lays out the truth on that issue

http://www.thenation.com/doc/20090622/greider/2

[MN Doc]

First Premier Bank is based in South Dakota. No usury laws at all in South Dakota. The incredibly bank-favorable laws are why almost all credit cards are issued by bank subsidiaries based either in South Dakota or Delaware.

[utax]

Feakin’ amateurs!

Chase Bank charged me 225% APR for an overseas ATM withdrawl.

[FromLori]

Thank the democrats for getting rid of usury!

[Yorlik803]

If they really wanted to change credit card use, they would make it so that the CC companies couldnt send offers thru the mail. The only way to get a card is to apply via Phone to get a form, fill it out and mail it back.
How many credit card offers do you get. My credit isnt that great and I still atleast five a week. If I was a weaker person, I would get them and rack up more debt.
The Credit Card issuesers bear some of the blame for handing out cards to anyone with a pulse.

[listenhillary]

Two actions you can take to stop receiving credit card offers are to visit a website and fill out a formal request: http://www.optoutprescreen.com, or make a phone call to 1-888-5-optout. This is an automated service that is supposed to be run by the main four credit bureaus, so it should stop all pre-screened mailings that come from any of the four bureaus.