How does bailing out banks and increasing interest rates on credit cards help consumers spend more?

Posts Tagged ‘interest rate’

How does bailing out banks and increasing interest rates on credit cards help consumers spend more?

By Author on Wednesday, August 10th, 2011 | 4 Comments

Why is it that if you put money in the bank you get almost zero percent on your investment in that bank? Now compare that to the interest rate that the same bank charges its customers in the form of credit cards. How do they get away with that? Didn’t we bail them out with [...]

How does credit card interest rate work?

By Author on Wednesday, August 10th, 2011 | 3 Comments

I have always paid off my credit card balances in full every month, but on the next billing statement I won’t be able to. My current balance is ,413. My credit card interest rate is 14.49%. Is it true that I will be charged interest on my full balance even if I pay half the [...]

How do you cancel a credit card without losing a lot of good credit record?

By Author on Sunday, July 10th, 2011 | 6 Comments

I have a Bank of America Credit Card and they just double the interest rate to 28 percent even to all good customers. I know by canceling it hurts my credit history. Related Credit Card Sites

What are some good credit cards to transfer balances to?

By Author on Wednesday, June 15th, 2011 | 1 Comment

My mom wants to transfer some credit card balances that she has over to a new credit card that offers a lower interest rate. Does anyone know some good credit cards with low interest rates? Related Credit Card Sites

What credit card companies offer cards for people with bad credit?

By Author on Monday, June 13th, 2011 | 8 Comments

I have made some bad financial decisions in my life and as a result I have horrible credit. I am looking for a credit card company that will issue me a card in order to rebuild my credit. Are there any companies that don’t have an outrageous interest rate that will help me get my [...]

Southwest Credit Card

Posts Tagged ‘interest rate’