Quote:
Originally Posted by fasternyou929
Comparing a high interest rate with forcing someone to be a prostitute? I love internet analogies. 
The APR is clear for the person signing up for the card, there is 0 ambiguity about it. In fact, a 79.9% APR is much more clear and potentially cheaper than "initiation fees, admin fees, account maintenance fees, etc."
If someone is really trying to rebuild their credit, this card gives them a chance to do so FREE if they pay their bill in full and on time (recommended for rebuilding credit, unless you're an idiot). If I were in their shoes, I'd take that over paying $256 in fees for a $300 credit limit.
Exactly. They know that's a write-off already, so they have to make their money back in other ways. |
What if it gets sent to someone who is mentally incabable of understanding, but does it anyways?
In canada, they passed laws against interest rates like this.
http://www.paliareroland.com/pdfs/MB...ed%20Claim.pdf
And it is a criminal charge, not a civil charge.