In article ,
"Mike in Mystic" wrote:

The truth is that the average credit card debt per American household is
about $8,000 with an average interest rate of about 18%. This amounts to
$1440 in interest per year. I would guess that most of the people who
bother to get the card actually will use it. Even if their interest rate is
only 10%, that means they only have to have an average annual balance of
$300 for one year to make up for the initial credit. Personally, having
hits on your credit report for these types of things is not really a good
idea, so I would never get a card like this unless I planned to use it.
That's why I only have one credit card and it is locked in my file cabinet
and only used in extraordinary cases.

You watched Frontline this week dincha?

And, to top off the great offers, the banks can raise rates by any
amount at any time for any reason with just 15 days notice.

--
Owen Lowe and his Fly-by-Night Copper Company
____

"Sure we'll have fascism in America, but it'll come disguised
as 100% Americanism." -- Huey P. Long