Raised the normal 24% by one or cut in half for covid and already started the ramp back up?Credit card company just raised interest on my card by 1%, and put in a provision to bump it another 7% upon sending written notice.
Then I Definitely want to watch them light up Mr. president from the inside with UV on CNN, it sounds spectacular.I ran a printing press with a uv drier. Scarey stuff sometimes. It was quite normal to have a couple of small fires every week.
Was it previously around the 13% mark?Credit card company just raised interest on my card by 1%, and put in a provision to bump it another 7% upon sending written notice.
19Was it previously around the 13% mark?
holy smokes. pray tell what lovely establishment is this card from?
PC Financial. It's free. Get's me grocery points and maybe car rental insurance. I pay it off, so the rate is of lesser concern.holy smokes. pray tell what lovely establishment is this card from?
ah yes.PC Financial. It's free. Get's me grocery points and maybe car rental insurance. I pay it off, so the rate is of lesser concern.
Credit card company just raised interest on my card by 1%, and put in a provision to bump it another 7% upon sending written notice.
One of my wifes ex co-workers popped out a few spawn in rapid succession (only months of work in between IIRC). Full one year mat leave each time. Three cars, 1 mil house. Got canned early this year (industry realignment due to changes douggie made) and was job hunting. Apparently they had been riding the LOC hard to support the standard of living they wanted with only one salary for years. Now, the near-term prospects are her being hired are crap and they are freaking out. The problem with riding the debt wave is if something happens at the bottom, you may not be able to get back on top.My BMO world elite card is 17%, and has a $100 yr fee. I dont carry a balance so dont care. I got a Homedepot card when I was doing a porject since they offered my $100 to sign up. Interest rate was 26% pre covid. I cut it up after the project was done.
My guess is defaults on credit cards and unpaid balances will go to the moon in the next couple months. The poor folks that live cheque to cheque and fill in with a credit card, have been binge shopping on Amazon, or just mistimed a large purchase to be out of work , YIKES! its gonna get ugly.