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Personal Finance and Investing

PoindexterOglethorpe

(27,026 posts)

13. You just now noticed?

Reply to BadgerKid (Original post)

Sun Aug 29, 2021, 10:24 AM

Aug 2021

These high interest rates have been on the cards for decades, pretty much from the beginning.

I have one credit card and I pay it off every month. Not having a credit card at all is not a good idea, because some genuine crisis could occur and you'll need one for that emergency. Plus, even if you plan to pay cash at the end, things like hotels and rental car companies require a credit card.

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What's with the high interest rates on credit cards? [View all] BadgerKid Aug 2021 OP

One word Sherman A1 Aug 2021 #1

and because they all incorporate in SD which has no usury laws, apparently. Yes. GREEDY MOFOS CurtEastPoint Aug 2021 #2

Credit Cards can be great things Sherman A1 Aug 2021 #3

Fully agree. I use 2 and pay them off in full every month. CurtEastPoint Aug 2021 #4

Same here Sherman A1 Aug 2021 #6

At one time, I had to dig my way out that hole and multigraincracker Aug 2021 #8

Lack of collateral plus lousy credit FBaggins Aug 2021 #5

I was on the credit card train for years.... too many years. 3Hotdogs Aug 2021 #7

Company Greed nwliberalkiwi Aug 2021 #9

After college I managed to get a Sears card with a $250 credit limit. Tadpole Raisin Aug 2021 #10

High interest can easily be avoided calguy Aug 2021 #11

People need to become their own 'credit cards'...if one just waits for a few months instead of ... SWBTATTReg Aug 2021 #12

You just now noticed? PoindexterOglethorpe Aug 2021 #13

You will never be rich unless you save. You will never save unless you spend less Tomconroy Aug 2021 #14