Originally Posted by
tom911
I see you're Canada-based. Can you clarify which card (debit, credit) hits you with the 19.5% interest? Is it, like Fredd suggests, a cash advance on a credit card? I've only done that once in the last 20 years in Sweden when the ATM network was down and I needed immediate cash. Strictly for emergencies.
MBNA Canada Mastercard, Capital One Canada Mastercard all had these ridiculous rates. I've kept them open because I didn't want a cancelled card on my credit report.
I keep the cards in the safety deposit box. Never consider using those cards anymore. Come to think of it, my Capital One card should have expired by now and they haven't sent me a replacement.