Well, in answer to the advice of Retired to Win and following along a path I have been considering for a few months now, I just signed up for and was approved for my second credit card. In fact, this is the only other credit card I have has in 20 years. My first one is a Chase Platinum....$15k line....9% fixed...decent reward system. I have always been very happy with this card, the customer service, the security and rewards. The newest member of the family is the Capital One Quicksilver. Why you ask...well, $100.00 cash back bonus if $500.00 is charged within the first 3 months....no annual fee.......$10k line.....1.5% cash back on all purchases....I don't have to deal with rotating reward options (which isn't that big of a deal but I thought reducing the thought process was healthy at this stage in my life). The only "gripe" I have is the interest rate!!! What is going on???? Between 12 and 22%??? And this for a card that required an Excellent Credit Score????!!!! Well, since I never carry a balance, it really doesn't affect me but still....WOW! Is this normal? What say you!
Only My Second Credit Card in 20 Years
March 30th, 2014 at 05:27 pm