Today, Rachel got an offer for a credit card. Fine, that happens daily. But I'm pretty sure this was the single worst offer I'd ever seen.

APR (Annual Percentage Rate): 23.99 r> Startup Fee: $50
Monthly (!) Fee: $10.95 ($131.40/yr)
Minimum Finance Charge: $0.50

So, let's say Rachel actually got this and bought one $0.50 popscicle every month for a year with it.

Startup Monthly fees = $181.40
Finance charges = $.50 x 12 = $6
Interest = ~$35

For twelve fifty-cent popscicles ($6 in merchandise), she'd pay about $222. Now, if you could excuse me, I'm going to go and visit the executives at Applied Card Bank, Wilmington DE. With a blunt object.

Currently listening : Cowboy Bebop By Yoko Kanno

Labels: credit, evil, money