Other Credit Card Programs - Macy's card has a finance charge of 225%




UA Fan
Oct 4, 09, 5:42 pm
My wife opened one to get the new acct savings and the statement says that if the full bal is not paid by the due date the rate is 225% . Is this common? I thought rates were like 30%. Just curious.


mia
Oct 4, 09, 5:56 pm
I imagine this is a typographical error, and means 22.5%, unless they are annualizing some type of flat fee.

Which color card does she have...

http://www1.macys.com/service/credit/index.ognc

...and is it strictly a Macy's card, or is it a Macy's VISA?

The application indicates the standard rate is 23.99%...

https://www.macys.com/service/credit/applynow/creditapp.ognc

https://www.citicards.com/cards/wv/speedbumpDisclosure.do?screenID=1680

UA Fan
Oct 4, 09, 7:03 pm
Its the Macy's store card. I guess its a typo, scary one though.




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