In the article, the interest rate for the card is 28.x% Bernie and AOC want it capped at 15%.
I suggest that Bernie and AOC make their own credit card company and cap it at 15%.
Amazon can offer credit to high risk borrowers all they like, as long as they don’t come to the taxpayers to bail them out in the event it costs them a ton of money.
Opens a New Window
Idiot Bezos enabling these terrorist communists for a few pieces of Chinese silver in the meantime.
What is wrong with Cali business people. Too much crack.
If Clueless AOC and Dead Weekend at Bernie’s go after Bezo, they might find themselves in an AMAZON box sent to Mohammed the Camel Herder in Outer
Mongolia.
Oh just that thought gives me thrills and joy.
I hear that the Gobi Desert is very nice this time of year.
I actually have some experience with doing predatory lending. I was one of the first to lend on the peer to peer lending site Prosper.com. Lost my shirt on all the deadbats.
I also did some database work for a short time for a payday lending business. I don’t know who was more crooked, the lenders or the borrowers.
In short, that 28% is there for a reason.
Not, "I intend to bring it up for a vote."
He desires rule by 1 person.
Good for Synchrony.
Bernie & Alex should move to South America where they belong.
>>no annual fee but customers must be Prime members, paying Amazon’s annual $119 membership fee.
That IS an annual fee.
bernie and the cute airhead are communists. They want complete government control of all financial transactions. They will take away your right to buy what you want, where you want, how you want. They will see and have access to all your money, taking what they want at will.
Hard-core communists don’t like even the idea of credit cards.
Not in your socialist lifetime, BernieIdiot....
Comrade Sanders and his 3 large homes in tiny little Vermont. In Vermont, if you sneeze on one side of the state they say “God bless you” on the other side, and some dyke whines about living in a patriarchal theocracy in Burlington.
They can’t block it
Their approval is irrelevant
In the unlikely event Bernie and AOC get anywhere, we know what comes next.
Does Bezos personally tattoo your forehead?
High interests rates are oftentimes offered to people who have lost their credit, or do not have cosigner to mitigate the risk to lenders.
Amazon is trying to allow people who at the moment are unable to shop at Amazon and by giving credit to people, they hope most will at least maintain their cards in good standing.
If these cards have a small credit limit of $500 or $2,000 initially it is a good gamble for the lenders and merchants.
This nation really needs public education on the USD. At present the USD is the only thing you can obtain in the USA without instructions for use printed on it. Everyone one wants your dollar. You have to save a penny to keep a penny every moment of the day, and every single day to keep a penny or any amount of money. People in the USA do not invest nor do they save because they do not understand the value of a single dollar.