[BleedBurgundy]

Originally Posted by firstdown

OK, so the wife wanted a new washer and dryer so we went to Sears because they had the ones she wanted on sale. The bad news was it still cost freaking $1,675 and that was a good price on them. What gets me is they gave us 10% off if we opened a credit card with 12 months no % so I figured what the heck and opened up a card. It came in the mail today and the interest rate is 25.24% and I have a credit rating over 800. So I then checked my personal Visa and notice it jumped a yr. or so back to around 21%. I think they want me to drop that one because it pays points and I pay it off each month paying no interest. Is this common now days with all credit cards?

Pretty much. This is why I stick with American Express... no interest. Yeah, you pay a $100 or whatever annual fee, but you never get that interest. About 2 or 3 years ago, credit card companies really started rate-jacking people. We had a card through Citi that was something like 8% interest. Then I got a letter saying the interest was going up to 16% and we hadn't had any issues (drop in credit rating, late payments). So we paid it off and cancelled it. That shit should be criminal.

As far as Sears goes, that's how we buy our appliances. 0% is nice, but I would hate to miss a payment. They are accruing interest that whole time, and if you miss one, it all comes back. Bastards.