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It's usuary and, as such, immoral. I don't know whom to disrespect more: the bank or the poor fool who accepts the offer.
If its legal it won't last.
I think people are idiots for accepting these kinds of deals, to be honest.
I personally prefer to make my own money, and then spend my own money, as opposed to borrowing large amounts of cash, with lots of interest, and no way in hell to pay it all back.
How do I opt out of credit card offers?
by Answerbag Staff on May 8th, 2010
| 1 person likes this
I carry 5 credit cards in my wallet and spend across all the five. Though my expenses are not very high (they will actually fit into a card or two) I just collected these cards over time because the offers were good. Now I want to own just one or two card
by nick2008 on November 21st, 2008
| 1 person likes this
Do I need cash or credit cards?
by Answerbag Staff on May 3rd, 2010
| 1 person likes this
Who offers an instant use credit card?
by Answerbag Staff on April 22nd, 2010
| 1 person likes this
Why do I keep getting phone calls from credit card agencies?
by proven delusion on October 8th, 2008
| 1 person likes this
You're reading Credit card company charging 80% interest on new credit cards. What do you think of this? see link (link here: http://www.walletpop.com/blog/2009/10/16/such-a-deal-new-credit-card-offers-a-mere-79-9-interest/
Comments
I can't believe they are allowed to legally get away with doing that. Imagine how many people think that says 7.9 % and accepts it. Ty
by therapist on October 20th, 2009