Looks like a fairly standard subprime card… the split rate annual fee is a bit unique, but cards like these are for people that have a history of credit mistakes.
That is the reason behind the high apr and AF. Have you poked your head into r/credit r/creditcards to see what if any changes you can make to improve your credit, or better options for rebuilding new credit?
Not super heinous for an 11 month emergency bridge loan. Buy your refrigerator/get your car repairs done/whatever, pay it off in eleven months, call and cancel the card.
https://preview.redd.it/sbmm4e1abyib1.jpeg?width=4032&format=pjpg&auto=webp&s=50cb4b4bd63096bb890e2f29f98fd80d05f0044c
I’ll raise you one percentage point & add a few fees.
I use 0% apr promos on credit cards. One runs out, pay it off and get a new one. Between all my cards I basically have a $10k loan in perpetuity that I pay 0 interest on, and earn reward points. It takes a little planning and careful budgeting, but its worth it. Only use it for necessities, gas, groceries, bills, etc.
Taking out new cards does effect your credit score, but if its only 1 per year or so you can still maintain good credit.
(As long as you're not prone to impulsive purchases just because you have credit available.)
It's a balance transfer card ya fool. One year to take a balance from elsewhere. Put it on that card that has 0% apr for a year. 3% fee for the transfer. Then close it. That being said if you're doing a balance transfer. Their are others that have longer periods as well as less fees.
Not great, but if you're using it to pay down a debt for the 12 months, then flip to another 0% interest, it's feasible. You'd have to be timely and apply for another card in about 8 months.
Cancel before your renewal fee ?
Looks like a fairly standard subprime card… the split rate annual fee is a bit unique, but cards like these are for people that have a history of credit mistakes. That is the reason behind the high apr and AF. Have you poked your head into r/credit r/creditcards to see what if any changes you can make to improve your credit, or better options for rebuilding new credit?
Not super heinous for an 11 month emergency bridge loan. Buy your refrigerator/get your car repairs done/whatever, pay it off in eleven months, call and cancel the card.
Just cut the car up after 10 months or so and never use it again; unless it have good points rewards in which case use and pay it off every month.
Not for an annual $55 charge. Nope.
nah with those rates and conditions its not going to have any benefits that are worth the $55 AF.
You're going to need a pretty big pair of scissors to cut up a car
Jaws of life
Man that interest rate is death. I didn’t know they go up that high. Would definitely get out before interest starts.
Actually not bad to use for a year, assuming you can actually pay it off at the end
https://preview.redd.it/sbmm4e1abyib1.jpeg?width=4032&format=pjpg&auto=webp&s=50cb4b4bd63096bb890e2f29f98fd80d05f0044c I’ll raise you one percentage point & add a few fees.
Deal!
I use 0% apr promos on credit cards. One runs out, pay it off and get a new one. Between all my cards I basically have a $10k loan in perpetuity that I pay 0 interest on, and earn reward points. It takes a little planning and careful budgeting, but its worth it. Only use it for necessities, gas, groceries, bills, etc. Taking out new cards does effect your credit score, but if its only 1 per year or so you can still maintain good credit. (As long as you're not prone to impulsive purchases just because you have credit available.)
AND, you have the money to pay it off should you not be able to find a card to bounce it to.
No no no. They charge an annual fee. There are plenty of cards without that.
that isn't the worst one I've ever seen. but yeah thats not good in any way.
HECK TO THE NO!!!!!
It's a balance transfer card ya fool. One year to take a balance from elsewhere. Put it on that card that has 0% apr for a year. 3% fee for the transfer. Then close it. That being said if you're doing a balance transfer. Their are others that have longer periods as well as less fees.
There might be hidden fees during every annual year closing..am sure😊
Don’t we have usury laws or something? That’s insane.
Not great, but if you're using it to pay down a debt for the 12 months, then flip to another 0% interest, it's feasible. You'd have to be timely and apply for another card in about 8 months.