Check out this payment information from the statement on one of my credit cards. I’ve never ever been late on a payment, and have actually never carried a balance on the card, because I thought the regular APR was too ridiculous to pay in the first place. Much less the Penalty APR. Minimum payments would make a measly $1100 balance drag out for 21 years!
Note: This post is over a year and a half old. Although it's not a fresh post, feel free to comment or share your thoughts anyway. I read and enjoy every comment that is posted here.
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