NO REALLY , CREDIT C

NO REALLY , CREDIT CARD RATES SHOOT TO 79.9% WHAT WILL YOUR MORTGAGE RATE GO TO ??I have seen rates climb and drop for years now on mortgages and the ever present credit card rates, and this current depression has all but wiped out the normal way we all have used credit cards. If you have had you home equity loan balances frozen, and your credit card balances and open to buy limits frozen , you may understand . SO now we see what is in store for many families who may need credit cards to rent a car , secure a hotel reservation, or buy food. You may not believe this story but the bank that is offering credit cards at 79.9% interest is for real. Wait til the owner carry , seller financing, creative financing , no qualifying market picks up on these rates? According to First Premier's Web site, the credit cards are serviced by its sister organization Premier Bankcard. The company, based in Sioux Falls, S.D., says Premier Bankcard is the 10th largest issuer of MasterCard and Visa cards in the country, with more than 3.5 million customers. In a mailing sent to prospective customers in October with the revamped terms, First Premier writes "...you might have less-than-perfect credit and we're OK with that." The letter notes that an online application or phone call is still required, but guarantees a 60-second status confirmation. The letter also states there are no hidden fees that aren't disclosed in the attached form. That's where the 79.9 percent interest rate and $75 annual fee are listed. There's also $29 penalty if you pay late or go over your $300 credit limit. Even if First Premier doesn't stick with the 79.9 APR, it will likely hike rates considerably from the current 9.9 percent to offset the lower fees, said Shahani of Synovate. The revamped terms may not be the only changes; First Premier also appears to be moving away from the riskiest borrowers. The bank typically mails offers to sub prime households, meaning those with credit scores below 700 fico, can you believe this ? i personally have found solace in debit card transaction with my credit cards as only, i say again only, a use as needed extra bonus. SO from your 911 emergency realtor in scottsdale ,arizona , PUT THE PLASTIC AWAY?