Credit card interest rates surge to record levels for new cards (20.17%)

Washington Examiner ^ | 7/02/22 | Ryan King

[Libloather]

Pretty reasonable if you're not forced to pay rent.

[NWFree]

President Retard did that 🤪

He’ll blame Putin on the evening news

[Husker24]

You’d be an idiot to get one of those.

[Brian Griffin]

Credit card interest rates should not be more than 6% plus 1.5 times what banks pay on CDs to small savers.

If the bank pays small savers 2% on new CDs, then their top card rate should be 9%.

[SaveFerris]

Yay!!

Jimmy Carter days are back!!

😁😁😜🥴🥴 📉📉📉📉

[M_Continuum]

Wasn’t it Zero who made credit cards ‘fair’ by raising it to 25%? Those with excellent credit got screwed.

[Brian Griffin]

Perhaps friend-to-friend loans should not be dischargeable by bankruptcy if say less than twice the Social Security trust fund interest rate when the interest rate is set.

This would be cheaper than credit card interest for the borrower and better than bank interest for the lending friend.

[LeoTDB69]

The local mob loan shark just said “and dey call me a criminal?”

[Brian Griffin]

Zero was raised by a banker.

Banks have been screwing savers since he took over.

[Captain Peter Blood]

Lord the rate on my cards is about 29.9% with excellent credit. And I am talking AMEX cards.

[Captain Peter Blood]

Check your CC statement to see what they will charge, it’s way over 20%

[Brian Griffin]

I can’t believe the Democrats are for the ‘little people’ when such big interest rates are legal.

[wgmalabama]

My credit union Visa card was 6.9 the other day. Why do people use AmEx Citi …. They are crooks. Join a good credit union.

[Captain Peter Blood]

I don’t normally carry any balances

[Chode]

haven’t carried a balance in over 40years...

[Libloather]

Back in the 90s, credit card companies were offering 0% interest for the first six months. Signed up, transferred everything over and started hammering the balance. After six months, signed up for another card and transferred the balance. Finished it all off. Those were the days.

[Don W]

You need better cards! My worst rate is 18.5%, Capital One

[Mears]

Neither have I .

.

[stormhill]

Do you know at what level the rate is considered usury in the eyes of the Law? I thought that was 25%.
My FICO rarely falls below 820 but my IR is in the 20's. I don't pay attention because I never carry a balance month to month in any case so I figure a million percent of nuttin' is still nuttin'

[Chode]

and they still give you rewards for using their service...