Credit card has 79 percent interest rate | The Frugalista

Credit card has 79 percent interest rate

by frugalista on October 19, 2009

Credit_card_evil1  A man got a credit card offer with a 79 percent interest rate. Seriously. No lie. Yes, I'm incredulous about it. I mean, have the credit card reforms hurt the industry so bad that it must charge 79 percent interest rates? There's a movement to get the next round of reforms moved to December instead of February.

Whatever happens, no 79 percent interest rates, please.

What's the highest credit card interest rate that you've ever had? Mine was 18 percent. That card didn't last long in my life. Too HIGH maintenance. 😉

*Illustration courtesy of thepiggybanker.com

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