The Question Isn't "What's In Your Wallet?" It's "What Rate Are You Paying?"
By the time mid-January hits, credit card blues begin to have a strangle-hold on many Americans. Sobering up to the fact that holiday merrymaking may have given their plastic too much of a workout, the term, “time to pay the piper” has stinging connotations, especially to card holders paying sky-high interest rates and fees.
As megabank credit cards are smacking customers with interest rates of 20% or more, credit union credit card holders can take holiday expenses more in stride. Although some members may have boosted balances over the holidays, they won’t be paying the same high interest rates as everyone else.
Why? By law, credit unions have an 18% interest rate ceiling on credit cards. Typically most credit unions barely flirt with rates over 15% and often offer lower (or no) fees and the same level of rewards and incentive programs as big banks.
Compare and Contrast Big PlayersCredit card rates and fees vary based on the card holder’s credit and program type. In many cases, cardholders can obtain a basic credit card with no annual fee, however the rate is what tells the story. Comparing early January 2012 rate information on four of the biggest players on both sides, which card type is more appealing?
Credit unions:
America First Credit Union : rates as low as 6.99% with no annual fees and a rewards program available. Boeing Employees Credit Union : rates range from 6.90% to 18% depending upon creditworthiness. Digital Federal Credit Union : DCU offers numerous VISA credit card programs with rates ranging from 8.50% to 18% based on the member’s credit. Golden 1 Credit Union : rates range from 9.90% to 17% depending upon creditworthiness and program choice.Banks:
Capital One: the bank offers a bevy of credit card programs with rates ranging from 10.9% to over 24%.Flood Insurance Citi Bank - News
Capital One: the bank offers a bevy of credit card programs with rates ranging from 10.9% to over 24%. Chase Bank: in addition to cash back and rewards programs, Chase Bank's lowest rate starts at 11.99% and reaches beyond 22%. Citibank: like Chase
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DREWE: CITI RESOURCES AND CONTACTS « Livinglies's Weblog
Next , We do know that MERS really represents the Wire [Ooops ] and, Sponsor is ALWAYS the Seller …but the Fed is the wire – Huh …what …oppos
Then Originator is made the Servicer Wait a minute .
No Servicing allowed under FASB prohibitions as read in GAAP and FAS 140. Wait – what is the Sponsor doing selling the orgnators loans? Hmmm
How is that …Hmmm . I got to know . Could it be ….
Sponsor is the successor to interst in the US Gov…Ahhh I mean Mers Corp ?
Maybe ….We are not suppose to know …..that RT Holdings (Trust info) is a big overseas entitiy in Singapore . Why would Fed Credit over seas and bring it back as a Seller .
Hmmm I mean ….What ?
RT Holding is not a Countrywide affilliate. It was a Bof A de-facto . Wait , thats like an LBO . Right ? I dont get it. CWHL and Bof A in a M&A?
Using Fed funds credited to a Singapore Holding Company. Why don’t they elect a nominee …like Mers Corp . Then …hey —wait a minute .
No way ?
RT Holdings is part of HSBC Bank , Yeah …second largest Asian Bank in the Orient …..Wait ….what ..
Wait ….huhhh , wait …why…, ahhh …,, no… hmmm…. ahhh…
Stop guessing !
Comment (Just another Day )
M.SOLIMAN really I sold over $100 million to GMAC MORTGAGE CORP – RFC Ron H , Lynn M and the boys …for Residential Funding Corp. Therefore in the following I recognize a huge claims opportunity .
WFHM institutional’ actually is RELS TITLE dba ATI TITLE and GMAC MORTGAGE CORP – NORWEST MORTGAGE INC. – Note – the information below screams out something here that is substantive enough to move for summary judgment..What is it ? Anyone? I mean to say , If your selling services or even worse, in a case that is moving into trial — then what can you see below – that signals the plaintiff (homeowner) should MOVE AGAINST THE DEFENDANTS AND SEEK A SUMMARY JUDGMENT …NOW?