+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!

+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.

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.

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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.

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They used to have 79.99%.

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

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

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trumpet-205 wrote:

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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.

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They used to have 79.99%.

 

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

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

This really should be illegal! 

"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?