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classicman · 11-22-2010, 09:31 AM

Lamp - You are correct - I get the same things every year. Its ridiculous the way the information is conveyed. re: the 29% rate - that is also too common. Virtually all the buy no no interest till 20?? are that way. and yes they backdate the interest from the date of purchase. Whats even worse is, IIRC, they charge you interest on the TOTAL purchase price - not just the remaining amount due.

I got into trouble, well actually it was my ex, but whatever. About 10 years ago - had three cards - Citibank, Sears and JC Penney - they were all 29.5%.

To sum it up shortly reread foot3's post.

11-22-2010, 09:31 AM	#34
classicman barely disguised asshole, keeper of all that is holy. Join Date: Nov 2007 Posts: 23,401	Lamp - You are correct - I get the same things every year. Its ridiculous the way the information is conveyed. re: the 29% rate - that is also too common. Virtually all the buy no no interest till 20?? are that way. and yes they backdate the interest from the date of purchase. Whats even worse is, IIRC, they charge you interest on the TOTAL purchase price - not just the remaining amount due. I got into trouble, well actually it was my ex, but whatever. About 10 years ago - had three cards - Citibank, Sears and JC Penney - they were all 29.5%. To sum it up shortly reread foot3's post. __________________ "like strapping a pillow on a bull in a china shop" Bullitt