Afterall they have a lifetime to payoff their credit card balance. Now that is even more interesting than the 79.95% interest:
http://money.cnn.com/2011/01/13/pf/credit_cards_for_kids/index.htm?iid=EL
Monday, February 7, 2011
How about 79.9% interest rate?
I thought that 29.95% was hign from Chase but this bank has exceeded all my expectations for a "reasonable" interest rate... Yet 700,000 people signed up for it. Now that is something!
http://money.cnn.com/2011/02/07/pf/credit_card_interest_rate/index.htm
http://money.cnn.com/2011/02/07/pf/credit_card_interest_rate/index.htm
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