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Re: Universal Default Credit Card Rates.....Again!!
Old 09-26-2006, 11:06 AM   #11
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Join Date: Aug 2006
Posts: 9,174
Quote:
Originally Posted by Telly
Yesterday I got a fine print Change in Terms Update on my Sears credt card.* I never use the card except if there is something I need at Sears that using their card gives me a big advantage. Doesn't seem to happen since K-Mart took over Sears.

Anyway, the default rate is now Prime plus up to 22.15%. And as of Sept. 1, the default APR is 30.4 %!

I think that is the highest "legal" rate I've ever heard of!
Hope justin keeps ahead of Vito and his bat..............(I mean Chase, Citi, AMEX, etc)
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