Best 0% offers for PURCHASES

Discuss anything related to interest rates & fees, like balance transfer offers, low rate cards, annual fees, etc.
13 posts
Floppster
Centurion Member
Centurion Member
 
Posts: 157
Joined: Mon Sep 29, 2008 8:51 pm
Website: http://www.flyerboxx.com
Location: US

Postby Floppster » Tue Oct 28, 2008 8:03 pm

fffresh wrote:The Fed is expected to lower the rate this week by 75 or 100 basis points. Since nearly all credit cards rates are based on the prime rate this is a good thing which should mean rates by ethical credit cards will automatically be lowered by 0.75% to 1% one or two months from now.


Honestly Fresh, do you really expect credit card companies to lower rates in the current economic situation ? I care what the Fed says/does however I doubt that there is just one CC Company lowering rates.
Intellectuals solve problems. Geniuses prevent them.
- Albert Einstein 1879-1955


jhudson
Green Member
Green Member
 
Posts: 16
Joined: Thu May 29, 2008 1:02 am
Location: Maine

Postby jhudson » Wed Nov 19, 2008 11:45 pm

I agree that rates should be lowered to if they are excessive. 25%? Excessive. 10%? Reasonable. For the cards that are charging, say 18% and up need to have a cap on their rates and brought down even in this economic situation. I'm lucky that I don't have any high rates on my cards now but if they were to go up I would cancel them without a thought. When regular purchase rates get to be 25% and 30% that is usury.

vest
 
Posts: 2
Joined: Mon Oct 20, 2008 4:24 pm
Location: London

Postby vest » Fri Nov 28, 2008 4:58 pm

Hi,
I'm also looking for a deal like that. If you ever find one, let me know.

vest



Return to “Finance Charges & APR Compare”

Who is online

Users browsing this forum: No registered users and 0 guests