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Re: {OT:} On the subject of the government sticking it's nose into business...
"Mark" <bogusmailmark@yahoo.com> wrote in message
news:1173447408.109042.124890@c51g2000cwc.googlegroups.com...[color=blue]
> If you pay the bill in full before the due date, the interest rate is
> also 0%. If your CC company is lending you money for free, then by
> all means take advantage of that, as long as you are buying things you
> really need. Otherwise, you're just buying expensive garage sale
> stuff.
>
>
> On Mar 8, 6:38 pm, "Jeff" <n...@googlemail.com> wrote:[color=green]
>> "Mark" <bogusmailm...@yahoo.com> wrote in message
>>
>> news:1173374584.899944.85860@s48g2000cws.googlegroups.com...
>>[color=darkred]
>> >I have in the past, but am currently debt-free and intend to stay that
>> > way. I always pay my credit cards off monthly, as any rational person
>> > would do.[/color]
>>
>> Actually, I don't. I have a card with 0% interest. Why should I pay it
>> off,
>> until they start charging me interest?
>>
>> Instead, I am making interest in the bank.
>>
>> Jeff[/color][/color]
That's correct for almost all cards. Which makes the $29 late fee even more
ridiculus. Not only do they collect an extra $29 for nothing, they also
collect interest where they wouldn't have or more interest.
Jeff
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