Benito Galliano (![[info]](http://l-stat.livejournal.com/img/userinfo.gif){kind=small} fascistfashion) wrote in nplusm, |
Hi - I got the exact same notice and had the exact same reaction.
Then after yelling for awhile I realized they printed this BAD NEWS in a terrible, confusing, downright perplexing manner (by putting the 29.4% under a "Rate Increases in 2009" heading).
After re-re-reading it would appear that we both share a new 17.9% interest rate from March 2010 until they do this again, but our new default rate (that is, not our "standard" rate but if we were to pay our bill late 2x in a year) is the one that's 29.4%.
I'm still a bit muddled about all of this - unfortunately I really, really need this card and don't have the luxury of canceling mine. I do absolutely agree with not supporting the banks that take bailout money and then screw us with it. Hate!
Then after yelling for awhile I realized they printed this BAD NEWS in a terrible, confusing, downright perplexing manner (by putting the 29.4% under a "Rate Increases in 2009" heading).
After re-re-reading it would appear that we both share a new 17.9% interest rate from March 2010 until they do this again, but our new default rate (that is, not our "standard" rate but if we were to pay our bill late 2x in a year) is the one that's 29.4%.
I'm still a bit muddled about all of this - unfortunately I really, really need this card and don't have the luxury of canceling mine. I do absolutely agree with not supporting the banks that take bailout money and then screw us with it. Hate!
