Reply
Trusted Contributor
Posts: 1,822
Registered: ‎11-02-2015

Re: Q card interest rate has just jumped to 29.9%


@Mustang Shar wrote:

Ok ladies and gentlemen.... almost 30% on your Q card purchases. I think it's time I pull some savings out and pay this nonsense off and NEVER USE IT AGAIN. Holy cow Synchrony 


@Mustang Shar    We knew this was coming...  I paid off 3 credit cards with my tax return this year and I feel relieved to not have the debt hanging over me.  For me...Credit cards are a temptation I just don't want to deal with. 

Honored Contributor
Posts: 70,550
Registered: ‎03-10-2010

Re: Q card interest rate has just jumped to 29.9%

 


@Sooner wrote:

@Kachina624 wrote:

@skatting44 wrote:

 Welcome to the 1980's . This is what inflation does


 

 

@skatting44    Its not inflation that raises interest rates, it the government raising rates to try to prevent inflation.  Retailers then take advantage and try to gouge consumers

 

I heard in the news this morning that many retailers have raised rates to about 30% on company credit cards including oil companies and Wayfair.  If Synchrony Bank raised the rate on Q cards, I bet they did the same on the several hundred of other corporate accounts they administer.


@Kachina624 It is the government trying to slow inflation.  It is inflation that causes them to try to slow down inflation.  It is because the ptb have overspent so wildly.

 

Just economics.  Just fact. 


@Sooner    I studies economics in college.  It was so complicated with so many variables, I wouldn't attempt to analyze it further.  It's definitely a subject for experts, out of the relm of politics. 

New Mexico☀️Land Of Enchantment
Honored Contributor
Posts: 12,555
Registered: ‎03-09-2010

Re: Q card interest rate has just jumped to 29.9%

@Imaoldhippie  Just one of the stupid things our government has done to ruin this country.

Respected Contributor
Posts: 4,553
Registered: ‎03-14-2010

Re: Q card interest rate has just jumped to 29.9%


@Mom2Dogs wrote:

@Imaoldhippie  Just one of the stupid things our government has done to ruin this country.



Our once proud country has certainly lost its luster. Between crime, inflation, drug use and illegal immigration it is spiraling downhill. I am fearful for our grandchildren. 

Esteemed Contributor
Posts: 7,087
Registered: ‎05-09-2010

Re: Q card interest rate has just jumped to 29.9%

My DH is working out of town in San Francisco. I just talked to him and he said he saw someone preparing to shoot up (drugs) in the street. He had never seem that before and neither have I. Sad and scary.
Always remember that you are absolutely unique. Just like everyone else. Margaret Mead
Honored Contributor
Posts: 9,933
Registered: ‎06-10-2015

Re: Q card interest rate has just jumped to 29.9%

@Mustang Shar ............This thread is kind of old so I had to go back and find what I said.

 

As a person that does not have great knowledge of financing and how it works I made a general statement.  In my eyes its the trickle down effect or domino effect.  If all the financing was listed (speaking of the "free" money only) I bet  that credit cards are  on it somewhere, some how,  its all connected.  Thats my opinion anyway.

 

Hope this is clear as I dont know how else to explain it.

BE THE PERSON YOUR DOG THINKS YOU ARE! (unknown)
Honored Contributor
Posts: 15,982
Registered: ‎01-06-2015

Re: Q card interest rate has just jumped to 29.9%

Our "once proud country lost its' luster" a long time ago. Of course the politically motivated posts have zero to do with the topic of this thread.
"If you really want to shock the world unleash your kindness"
Respected Contributor
Posts: 3,013
Registered: ‎03-13-2010

Re: Q card interest rate has just jumped to 29.9%

I don't understand the hoopla about 30% interest on the Q card.

 

Let it go to 100%!!

 

As long as you pay it off each month, ( or before whatever period is declared in thier guidelines they send you when you sign up)  what difference does it make?

And if you DON'Tpay it off each month,  you can't afford what you're buying.

 

Easy Pay breaks up the payments so they are charged each month....instead of carried forward from a previous month if you bought it all at once...each Easy Pay is a NEW charge.

 

Just pay it off.

 

Better yet...use a different card.

 

Sheesh.

Trusted Contributor
Posts: 1,752
Registered: ‎10-23-2011

Re: Q card interest rate has just jumped to 29.9%


@Kachina624 wrote:

 


@Sooner wrote:

@Kachina624 wrote:

@skatting44 wrote:

 Welcome to the 1980's . This is what inflation does


 

 

@skatting44    Its not inflation that raises interest rates, it the government raising rates to try to prevent inflation.  Retailers then take advantage and try to gouge consumers

 

I heard in the news this morning that many retailers have raised rates to about 30% on company credit cards including oil companies and Wayfair.  If Synchrony Bank raised the rate on Q cards, I bet they did the same on the several hundred of other corporate accounts they administer.


@Kachina624 It is the government trying to slow inflation.  It is inflation that causes them to try to slow down inflation.  It is because the ptb have overspent so wildly.

 

Just economics.  Just fact. 


@Sooner    I studies economics in college.  It was so complicated with so many variables, I wouldn't attempt to analyze it further.  It's definitely a subject for experts, out of the relm of politics. 


 

@Kachina624 ~~~I hear you! My very best male friend in high school decided to study Economics when we all went off to college. He then got his PHD and became a Professor of Economics in Maryland. 

 

Even though none of us were dummies by any stretch of the imagination, this guy was summa ****** laude.

 

He wrote and published one of the preeminate books on economics and couldn't wait to send it to me. I read and understood, but it's not for beginners, that's for sure.

Honored Contributor
Posts: 10,494
Registered: ‎05-15-2016

Re: Q card interest rate has just jumped to 29.9%

This thread is from 2022, just fyi.