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Originally Posted by BleedBurgundy

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.

The only reason I open the credit card was to get the 10% off which was around $165 with no interest for 12 months. I only have one other credit card with a zero balance so I never pay attention to what they charge. I'm going to pay the Sears off in full so I don't screw up and get hit with those high rates.
I feel for people who pay these rates.