AOPA credit card --- WARNING.

"Daniel L. Lieberman" wrote in message
...
The Fed rates have gone up so so should retail credit rates.

Answer the question: Have fed rates gone up 4%?
No... Not even close. So there is no interest rate based justification for
such a rate hike.

"RS" wrote in message Answer the question: Have fed rates gone up 4%?
No... Not even close. So there is no interest rate based justification for
such a rate hike.

The USA is a corporation. It is governed largely by corporate style law. You
and your name are considered a corporation. You signed your name to a
corporate instrument called a credit card agreement. No one forced you to
sign it. That's all the justification that is needed.

Instead of ranting about falling prey to your own signature in a nasty
negative post, how about spreading the word that people are accountable for
the documents they sign and therefore should be careful to read and
UNDERSTAND all the details involved before signing?

Most of the readers in this group are of average intelligence (some think
they're smarter :-)). They understand that credit card lenders draw suckers
in with low interest rates and then jack it up when the balances climb. If
you can't see the scheme, and you won't hold yourself personally accountable
for the agreement you signed, perhaps this is the wrong group for you.
Ranting about a lack of justification is falling on deaf ears.

D.

And, I don't believe retail credit rates were lowered anywhere near
proportionally to the fed rates when they were declining.

RS wrote:
"Daniel L. Lieberman" wrote in message
...

The Fed rates have gone up so so should retail credit rates.


Answer the question: Have fed rates gone up 4%?
No... Not even close. So there is no interest rate based justification for
such a rate hike.