“credit card interest rates have surged to an unprecedented 21.47%”
Did somebody steal Elizabeth Warren’s PC?
“The economy is great. All my Bank of America friends are doing well, c’mon man!”
The Devil HAS to make people slaves to debt
That’s yet another way to coerce them into taking the Mark of the Beast
Of course, that’s not going to happen tomorrow.
The biggest incentive will be to be able to BUY and SELL.
Groceries, taxes, water, gas, electricity, cell phone, internet. It will all be controlled.
Can’t happen in America?
It’s ALREADY happening with food in China. EIGHT MONTHS ago.
China...No Digital ID...Can’t buy food!
(BEST version of this short video - 1:20)
https://www.youtube.com/watch?v=f6diM6X2A8E
China - No digital ID can’t buy food - Next coming to USA and EU
(audio is a little unsynchronized with video)
https://www.youtube.com/watch?v=nxCgIPYHbkI
Currently, credit card interest rates range from 5.75% to 36% for new applicants. The average interest rate among credit card offers is 23.00%, as of June 2024, 0.28% higher than the prior month.
The interest rates on existing credit card accounts are a bit lower. For example, people with credit card debt currently pay interest at a 22.75% average annual rate.
Credit cards are almost a necessity in this day and age. Carrying a balance isn’t.
I was shocked the first time I saw someone use a credit card to buy groceries (this was about 30 years ago) but not as shocked as someone using a credit card at a fast food place.
If reports are accurate most Americans do not pay off their credit card balance monthly, so these people will be paying on those groceries and fast food meals forever!
Credit card debt turns you into a serf for the credit card company.
The best financial thing I done in my life was to pay off all my credit card and never carry a balance (for the past 40 years).
21.47% ?
I just got a 30% notice from someone.
Don’t care. I pay ‘em off is I use ‘em.
... and nearly half the country wants more of this ... and will vote to continue the accelerated slide into tyranny.
And who invented the credit score? The credit card companies.
We received a notice from Macy’s on their changes to their credit card services. Their APR is now 34.5%.
Yet they say the banks are in trouble due to losses on other loans. They are making bank off of CC debt.