ShawnPY1972 Posted January 23 Posted January 23 https://www.nbcnews.com/business/consumer/bank-america-considers-new-credit-card-capped-10-interest-rcna255495 This is very *Admin prohibits insults that reference an individual's intelligence.*. They want to offer a new card that caps interest rate at 10% for one year. They already offer other cards at 0% interest for 12 or 18 months or whatever it is. Why would someone apply for a card that has a capped interest rated at 10% when they can get a card that is capped at 0% interest? Makes no sense to me. Quote
supern8ural Posted January 23 Posted January 23 Only thing I can think is that they're aiming it at consumers who don't qualify for a card with a better SUB. Going after the Credit One market? hdporter, ShawnPY1972 and hegemony 2 1 Quote
hdporter Posted January 24 Posted January 24 15 hours ago, supern8ural said: Only thing I can think is that they're aiming it at consumers who don't qualify for a card with a better SUB. Going after the Credit One market? Absolutely. Spurred on by the political capital such an offering would garner. But look for the cards to be balance transfer restricted! (Or, perhaps have a 10% bt fee. Still, I doubt they want to set themselves up as the "deadbeat" bt repository ) Quote
hdporter Posted January 24 Posted January 24 (edited) x Edited January 24 by hdporter dup (error msg stated not posted) Quote
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.