Comments on: Latest Credit Card Ploy http://www.protectyourgoodcredit.com/2005/07/10/latest-credit-card-ploy/ Choose Wisely Thu, 21 Aug 2008 21:12:04 +0000 http://wordpress.org/?v=2.0.4 by: Sue http://www.protectyourgoodcredit.com/2005/07/10/latest-credit-card-ploy/#comment-9 Mon, 18 Jul 2005 19:30:17 +0000 http://www.protectyourgoodcredit.com/2005/07/10/latest-credit-card-ploy/#comment-9 Seeing as how the average "heavy user" spends over $1k a year at Starbucks, I can see the temptation for these types of cards, but what a rip off - it's really cheaper to just save and purchasing using cash. I also learned today that being late or missing a payment can cause your interest rate to skyrocket - on CNN money today they profiled several different scenarios that caused one card holders interest rate to soar to 41% - that is *really* expensive money! Seeing as how the average “heavy user” spends over $1k a year at Starbucks, I can see the temptation for these types of cards, but what a rip off - it’s really cheaper to just save and purchasing using cash.

I also learned today that being late or missing a payment can cause your interest rate to skyrocket - on CNN money today they profiled several different scenarios that caused one card holders interest rate to soar to 41% - that is *really* expensive money!

]]>