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Credit Card Madness

February 16th, 2006 at 09:51 pm

The number of credit card offers I get in the mail each day is mindboggling! One came today with a new twist: They'll give me a 20" Sharp LCD Aquos TV immediately ($850 value). The catch: I'd have to transfer $5000 onto the card (no balance transfer fee), and maintain a $3500 balance for at least 18 months. The rate on the card is 9.99%. So that means I'd be paying at least $575 in interest over the life of the card. If the balance falls below $3500, they hit your card with a one-time fee of $700. I'd be curious to see who signs up for this card...

Not much news today. Had a good first day at work, and we're going out to TGIF's to celebrate.

Posted in Random Musings | 2 Comments »

2 Responses to “Credit Card Madness”

  1. PrincessPerky Says:
    February 17th, 2006 at 01:57 pm 1140184667
    1140184667

    Heh, that is a rather expensive 'free' tv!

  2. Pablo Says:
    March 5th, 2006 at 10:45 pm 1141598754
    1141598754

    Well the credit card companies are at it again. First the Bankruptcy laws are tightened and THEN the minimum payments actually get raised. This was three yeas ago that they should have been slowly raising the minimum but they waited until Dec '05. Undoubtedly this will lead to late payments on credit reports. I would suggest this site to help people fix there credit rpoblems...

    Bad Credit? Repair Bad Credit! FIX YOUR CREDIT FOR FREE

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