Q Talk

[Priss]

Along with the interest rate, they will charge $1.99 to get a statement in the mail.

[SaveTheTurtles]

All you need is a check/debit card. No interest charged because you are not buying more than you can afford since it's tied to your checking account. No statement charge either. I highly recommend in lieu of using a credit card unless you're paying the balance in full every month.

[MagnoliaMs]

Yes, Nick’ s mom, you are right. Our Lowe’s card just went up to 31%, too. We paid it off and are not using it. If you opt out does that affect your credit rating?

[MagnoliaMs]

Does opting out affect your credit rating?

[Sooner]

---

@MagnoliaMs wrote:
Does opting out affect your credit rating?

---

@Yes as I understand it.  Better just to not use it than close the account. 

[MagnoliaMs]

You are so right, LisaMartha! Congress could care less about the treatment of the American people! They are so out of touch with the state of our country.

[Desertdi]

Congress doesn't control interest rates.   The Federal Reserve does.

Credit card rates are set by the bank that owns the card.

[elated]

I don't understand why people are complaining about high interest rates on credit cards because if you pay them off every month, it doesn't affect you. If you carry a balance from month to month, then it is hard to pay it off. I wonder if people understand about credit cards. All credit cards have increased their interest rates. This Is our world going forward.

[MagnoliaMs]

People understand credit cards. They should not have to put up with usery and being taken advantage of.

[Nightowlz]

---

@MagnoliaMs wrote:
Yes, Nick’ s mom, you are right. Our Lowe’s card just went up to 31%, too. We paid it off and are not using it. If you opt out does that affect your credit rating?

---

@MagnoliaMs 

We only use our Lowe's card on higher priced items so we can get the 5% discount. Not much but every bit adds up. We pay our balance in full.