Comments on: The Credit Card’s Newest Trick: 79.9 Percent Interest http://www.disinfo.com/2009/12/the-credit-cards-newest-trick-79-9-percent-interest/ alternative views, news & information—online, video and print Wed, 08 Feb 2012 01:34:32 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Bing http://www.disinfo.com/2009/12/the-credit-cards-newest-trick-79-9-percent-interest/comment-page-1/#comment-23882 Bing Sat, 19 Jun 2010 00:42:15 +0000 http://www.disinfo.com/?p=17650#comment-23882 The only difference between a criminal and anyone else is that they got caught. The only difference between a criminal and anyone else is that they got caught.

]]> By: Bing http://www.disinfo.com/2009/12/the-credit-cards-newest-trick-79-9-percent-interest/comment-page-1/#comment-33466 Bing Sat, 19 Jun 2010 00:42:00 +0000 http://www.disinfo.com/?p=17650#comment-33466 The only difference between a criminal and anyone else is that they got caught. The only difference between a criminal and anyone else is that they got caught.

]]> By: Al http://www.disinfo.com/2009/12/the-credit-cards-newest-trick-79-9-percent-interest/comment-page-1/#comment-4392 Al Wed, 23 Dec 2009 01:45:32 +0000 http://www.disinfo.com/?p=17650#comment-4392 I've been (according to them) "rebuilding my credit" with a First Premier Card: $49 annual fee, $7 a month. After reading this, I called to cancel the card. I had to listen to a bunch of scripted "well, that 80 percent interest doesn't affect you" and "longevity blah blah credit report blah blah" stuff. When I continued to press for canceling my card, they offered a $45 credit to my account, essentially enough to pay my monthly service fee for the next six months, so I could "decide then" whether I wanted to cancel or not. I've been (according to them) “rebuilding my credit” with a First Premier Card: $49 annual fee, $7 a month. After reading this, I called to cancel the card. I had to listen to a bunch of scripted “well, that 80 percent interest doesn't affect you” and “longevity blah blah credit report blah blah” stuff. When I continued to press for canceling my card, they offered a $45 credit to my account, essentially enough to pay my monthly service fee for the next six months, so I could “decide then” whether I wanted to cancel or not.

]]> By: Randy the Ram http://www.disinfo.com/2009/12/the-credit-cards-newest-trick-79-9-percent-interest/comment-page-1/#comment-4226 Randy the Ram Sat, 19 Dec 2009 22:32:11 +0000 http://www.disinfo.com/?p=17650#comment-4226 I worked for this bank a few years ago. I quit since I could not handle the upset customers. They give cards with a $250 limit and $178 when it is open. I worked for this bank a few years ago. I quit since I could not handle the upset customers. They give cards with a $250 limit and $178 when it is open.

]]> By: saint_al http://www.disinfo.com/2009/12/the-credit-cards-newest-trick-79-9-percent-interest/comment-page-1/#comment-4219 saint_al Sat, 19 Dec 2009 17:39:11 +0000 http://www.disinfo.com/?p=17650#comment-4219 Chase acquired Washington Mutual after their collapse~ my old WashMu account suddenly jumped to 29.9% APR. Similar shit has happened to lots of people. Now I'm sending payments to a closed account @ Chase, whom I never wanted to deal with in the first place. : P Chase acquired Washington Mutual after their collapse~ my old WashMu account suddenly jumped to 29.9% APR. Similar shit has happened to lots of people. Now I'm sending payments to a closed account @ Chase, whom I never wanted to deal with in the first place. : P

]]> By: GoodDoktorBad http://www.disinfo.com/2009/12/the-credit-cards-newest-trick-79-9-percent-interest/comment-page-1/#comment-4217 GoodDoktorBad Sat, 19 Dec 2009 16:37:11 +0000 http://www.disinfo.com/?p=17650#comment-4217 Dykhouse, the name says it all. Dykhouse, the name says it all.

]]> By: James T. http://www.disinfo.com/2009/12/the-credit-cards-newest-trick-79-9-percent-interest/comment-page-1/#comment-4215 James T. Sat, 19 Dec 2009 13:37:49 +0000 http://www.disinfo.com/?p=17650#comment-4215 Where do they find these white bread asshole CEOs? Is there a mill somewhere? Where do they find these white bread asshole CEOs? Is there a mill somewhere?

]]> By: honu http://www.disinfo.com/2009/12/the-credit-cards-newest-trick-79-9-percent-interest/comment-page-1/#comment-4191 honu Sat, 19 Dec 2009 02:33:16 +0000 http://www.disinfo.com/?p=17650#comment-4191 With a bank so blatantly showing their hand at doing an end around government regulations, I'm hoping there will be a backlash and people will both shun the credit card and those with First Premier Band credit cards already will close their accounts. F these motherf'ers With a bank so blatantly showing their hand at doing an end around government regulations, I'm hoping there will be a backlash and people will both shun the credit card and those with First Premier Band credit cards already will close their accounts. F these motherf'ers

]]> By: 5by5 http://www.disinfo.com/2009/12/the-credit-cards-newest-trick-79-9-percent-interest/comment-page-1/#comment-4190 5by5 Sat, 19 Dec 2009 02:06:47 +0000 http://www.disinfo.com/?p=17650#comment-4190 Does this guy also wear shiny suits and break noses? Because at this point, he's basically just a glorified loan shark.<br><br>Actually even a card at 20% interest is loan sharking, because you have very little chance of paying that off, but 80% interest? Gimme a break. That's just criminal. It's beyond criminal, its a sin -- its usury.<br><br>The CEO oughta be prosecuted for rampant hubris. Does this guy also wear shiny suits and break noses? Because at this point, he's basically just a glorified loan shark.

Actually even a card at 20% interest is loan sharking, because you have very little chance of paying that off, but 80% interest? Gimme a break. That's just criminal. It's beyond criminal, its a sin — its usury.

The CEO oughta be prosecuted for rampant hubris.

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