Reply
Established Contributor
Posts: 760
Registered: ‎02-11-2012
0

Re: CNN Money story about "Credit Cards From Hell"

+1 to everything you said Frugal Rican. NEVER charge anything that you do not have the money to pay for when the statement comes.Credit can be your friend or your enemy!. Credit for some, can enhance a false sense of financial security and allow them to live beyond their means.Constraint and common sense to ALL!

Starting scores 01/02/2012 EQ 707(Fico) TU 733(Fico) EXP 735 (FAKO)
Updated scores 06/01/2014 EQ 797(Fico) TU 768(Fico) EXP 769 (Fico), EQ 849 (Next Gen 5/27/14 Penfed)


Remember the Three P's: Pay early in Full, Pay on Time, Patience
Regular Contributor
Posts: 157
Registered: ‎03-05-2012
0

Re: CNN Money story about "Credit Cards From Hell"

+1 as well for Frugal Rican's comments. APR only matters if you don't PIF. And I give a +1000 on having to click 9 times to read the whole article - that is the most infuriating thing on all of these "10 most" type lists.

 

FICO: EQ 769, TU 762 , EX ???

Super Contributor
Posts: 6,672
Registered: ‎04-07-2008
0

Re: CNN Money story about "Credit Cards From Hell"

FP has a 59.99% APR ????????

 

Who in their right mind would want that? I mean get a secured card from a reputable bank at this point.




Valued Contributor
Posts: 2,512
Registered: ‎11-11-2010
0

Re: CNN Money story about "Credit Cards From Hell"


CS800 wrote:

FP has a 59.99% APR ????????

 

Who in their right mind would want that? I mean get a secured card from a reputable bank at this point.


They used to have 79.99%.

 

In Brazil, APR can be as high as 250%.

In My Wallet:
Citi Forward (12/2010) | Citi Dividend (05/2011) | Chase Freedom (11/2011) | GECRB/PayPal (05/2012)
Discover it (07/2012) | AMEX BCP (09/2012) | TD/Target REDCard (10/2012) | Chase Ink Classic (11/2012)
BofA BBR (04/2013) | FNBO/Overstock.com (02/2014) | Barclaycard Arrival (04/2014) | FIA/Fidelity AMEX (04/2014)
Valued Contributor
Posts: 2,110
Registered: ‎12-29-2011
0

Re: CNN Money story about "Credit Cards From Hell"

I didn't know you could have an APR at 59.99%! That's suicide!

The truth is out there...
FICO scores: 764 (EQ) 732 (EX) 757 (TU) 9/14 | Goal score: 750+ (all 3)
Tradelines: Capital One QS NPSL (5.0k) | Discover IT (6.0k) | Walmart Mastercard (5.0k) | Chase Freedom NPSL (7.3k) | Citi Simplicity (9.3k)






Super Contributor
Posts: 6,672
Registered: ‎04-07-2008
0

Re: CNN Money story about "Credit Cards From Hell"


trumpet-205 wrote:

CS800 wrote:

FP has a 59.99% APR ????????

 

Who in their right mind would want that? I mean get a secured card from a reputable bank at this point.


They used to have 79.99%.

 

In Brazil, APR can be as high as 250%.


Pheww i'm relieved that they are now at 59.99. I can sleep better now Smiley Wink




Highlighted
Contributor
Posts: 81
Registered: ‎08-03-2012
0

Re: CNN Money story about "Credit Cards From Hell"

This really should be illegal! 

Transunion 698
Equifax 713
Experian 700
Goal Score 750
HWLBA
Established Contributor
Posts: 724
Registered: ‎06-06-2012
0

Re: CNN Money story about "Credit Cards From Hell"

"On top of the high rate and fees, the issuer doesn't give customers any grace period, which is the time between the date of a statement and the date interest begins accruing"

 

Wow. I thought they were obligated to give a grace period legally. So then why does every other card give a grace period, is it simply market competition that could some day change?

 

 

 

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.