Thanks for the info RogersMaude but I have zero interest in a Rogers Mastercard after past experiences with Rogers ... I was just curious what the interest rate was , but it seems to be hidden away pretty well.
@barndoor, whatever the interest rate is, you can be sure it's very high and just barely legal. All credit cards are pretty much the same. Just pay off the balanve every month and don't worry about it.
Thats pretty true Oldyellr.
Credit cards, bank on you carying a ballance.
Only way to really use them, is to pay off the ballance every month.
I am trying to only use mine when absolutely needed.
Silly in the past, i got conned into upgrading my creditcard from what it was originally.
No fees! Well thats still good. Some bonus points, extra stuff like a CAA type thing, etc... great!.
Oh wait.... it TRIPPLED my interest rate.
Back to the most BASIC visa card
Took a look through the docs.
Looks to be about 19.9%... which is about on average with most of the 'points' type cards i have seen.. no different than the banks, etc (though i have seen some with 25-30%)
My basic one, is at just over 12%
@Gdkitty, tripling your interest rate should not matter if you always pay off the balance. But, yes, we occasionally slip up and miss a bill by accident and that hefty interest charge really smarts.
The world runs on interests. LOL
In the case of Ontario, for sure! But Greece gets a better deal.
>___<" I shall not speak of Greece. Their financial situation is very shaky and I don't understand it.
Shak Tib posted "
I don't think are hidden at all!
All creditcard websites have a legal section: "
Yes they do.... but they generally put legal stuff in the" legal" section and post the interest rate under" terms and conditions" . Even Rogers in their Qand A section say it can be found under" terms and conditions" ... then they put it in the disclosure section. Others use a direct link from the page but Rogers uses an indirect link.
And you wonder why some of us have trust issues ?
I agree Old Yeller pay it off and it doesn't really matter how much the interest is ... unfortunately it is likely those that can least afford to pay it that do.