38 ordspråk av Robert McKinley
Robert McKinley
Many of those fixed-rate cards haven't moved at all this year.
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Play by the rules, ... Don't give them any reason to take it [a better rate] away or penalize you in any way.
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Pulaski only has 32,000 accounts and is only adding 1,000 new accounts a month. About one in 100 applicants will qualify for it.
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So it's possible that any rate cut today could be offset by a bump-up in pricing.
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That's where the consumer can take advantage of the low interest-rate environment.
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The bottom line is these offers are a marketing gimmick. If you get an offer in the mail, it's important to read the disclosure box very carefully.
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The future doesn't look bright for store cards,
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The trend this year has been to raise rates because of the increasing number of defaults among consumers,
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The trend this year has been to raise rates because of the increasing number of defaults among consumers.
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There are a few scenarios where it could make sense. If you have the right rewards card, or if you use your rewards well, you may get a value that's worth considerably more than the cost.
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There are fees. You may have a balance transfer fee or a convenience fee, and the interest starts right away and the interest rate typically on those checks is very high. Nineteen percent or higher.
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There are sort of give backs with those low rates.
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There seems to be a more chastened consumer here. They don't mind using their cards. They just don't like paying interest -- that seems to be out.
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There's a lot of unbelievable offers out there that sound too good to be true. A lot of consumers sign up for these deals and don't even realize when they get something different.
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There's been a fee frenzy, ... (A wide range of charges) have been beefed up.
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