IF YOU PAY YOUR FULL BALANCE EVERY MONTH, YOU DON'T HAVE TO WORRY ABOUT THE RATES...............(sorry 'bout the caps, needed for work)......
You must have the cash to pay them in full.
You know what though, life happens. Not everyone uses their cc’s for material goods— some use them for medical bills, growing a business etc...
Besides, 32% interest (the “maximum allowable by law”) is usury.
I’m not selling Dave Ramsey but ever since I listened to his show I have a different life. I do use a credit card to reserve rooms in hotels, cars etc and to make online purchases but I immediately pay the purchase price for the item.
I can’t imagine being in debt to a credit company save for my mortgage. I hear people say how they are going to cover one card payment with another. That is no way to live.
Every company should be required to give you at least 30 days from the time you receive your bill to pay it.
This silly 15-20 grace period from the day they CLAIM they mailed it to you is just another way for them to collect late fees and jack up your interest rate.
Yeah, I know there are anally retentive people who never go on vacation and pay their bills the day they receive them, but fortunately they are few and far between.
Look for new “fees” for paying off your credit cards on time, especially if you use your card monthly.