Bank offers Credit Card at a measly 79.9% interest rate


	Bank offers Credit Card at a measly 79.9% interest rate

leevardi

10-17-2009 1:12 PM

44 views

leevardi says:

...send the white coats to get the CEO...the man obviously has a reality problem

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/c769c147-915f-4d75-a8ff-2a7553d2b7ad/CC6D47B1-7FFA-4BF0-9562-BD1DBC4E3EE1/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.nbcsandiego.com/around-town/shopping/No-Youre-Reading-That-Right-64173667.html?ref=patrick.net" href="http://www.nbcsandiego.com/around-town/shopping/No-Youre-Reading-That-Right-64173667.html?ref=patrick.net" style="font-size: 11px;">www.nbcsandiego.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nbcsandiego.com/around-town/shopping/No-Youre-Reading-That-Right-64173667.html?ref=patrick.net"><SPAN>No, You're Reading That Right</SPAN></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nbcsandiego.com/around-town/shopping/No-Youre-Reading-That-Right-64173667.html?ref=patrick.net"><H2 class="subtitle">79.9 percent rate targets credit-challenged</H2></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nbcsandiego.com/around-town/shopping/No-Youre-Reading-That-Right-64173667.html?ref=patrick.net"><div align="center"><img src="http://content6.clipmarks.com/blog_cache/www.nbcsandiego.com/img/FD18F465-FA2E-4A35-8733-1C9D49807EE6" alt="How much is too much?" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nbcsandiego.com/around-town/shopping/No-Youre-Reading-That-Right-64173667.html?ref=patrick.net"><P id="paragraph1"><A href="http://www.nbcsandiego.com/topics?topic=Gordon+Hageman" title="Gordon Hageman" class="informTopicLink">Gordon Hageman</A> couldn’t believe the credit card offer he got in the mail.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nbcsandiego.com/around-town/shopping/No-Youre-Reading-That-Right-64173667.html?ref=patrick.net"><P id="paragraph2">"My first thought, it was a mistake," Hageman said.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nbcsandiego.com/around-town/shopping/No-Youre-Reading-That-Right-64173667.html?ref=patrick.net"><P id="paragraph3">The wine distributor called the number on the offer, gave them the offer code and verified his information. Sure enough, it was right:  the pre-approved credit card came with a 79.9 percent APR.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nbcsandiego.com/around-town/shopping/No-Youre-Reading-That-Right-64173667.html?ref=patrick.net"><P id="paragraph4">Yes, 79.9 percent.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nbcsandiego.com/around-town/shopping/No-Youre-Reading-That-Right-64173667.html?ref=patrick.net"><P id="paragraph5">The offer is for a Premier card from First Premier Bank, which is based in South Dakota. On its Web site, First Premier says it is the country's 10th largest issuer of Visa and <A href="http://www.nbcsandiego.com/topics?topic=MasterCard+Inc." title="MasterCard Inc." class="informTopicLink">MasterCard</A> credit cards. The site also says it "focuses on individuals who have less than perfect credit but are actually still creditworthy."</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nbcsandiego.com/around-town/shopping/No-Youre-Reading-That-Right-64173667.html?ref=patrick.net"><P id="paragraph8">Hageman acknowleged that his credit isn't perfect, but he said it's about average. He said the pre-approved offer didn’t mention the actual interest rate on the card -- for that, he had to read the enclosed fine-print disclosure.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/CC6D47B1-7FFA-4BF0-9562-BD1DBC4E3EE1/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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