Credit cards higher interest rate

**craftypam** · 10-14-2009, 08:51 AM

My ds recently came over and said that his cc interest rate was raised 5%. A couple of days later I received my CREDIT UNION statement that was offering a FIXED cc interest rate of 9% with no balance transfer fees. The interest rate was also for the same for cash advances. My ds also refinanced his truck at an interest rate of 5.25% and could have gotten 5% if he had done it on line. My message Check your credit unions for interest rates. They are on our side far more than the banks that WE bailed out!!!!

**Palooka** · 10-14-2009, 02:52 PM

I believe that. I just heard on the news that the banks that got bailed out are not doing so good. (as they hoped) I think it said BoA was doing worse than Chase and I can't remember the other two they named. Yeah, I agree credit unions are way better.

**frugalfranny** · 10-15-2009, 12:39 AM

Originally Posted by craftypam

My message Check your credit unions for interest rates. They are on our side far more than the banks that WE bailed out!!!!

I agree.........and then I just heard today that the banks are going to be stating some fantastic 'bonuses'...and the question was: if things were sooooooo bad how did they get sooooooo good so soon? Something smells ROTTEN somewhere......

Wonder how much stock/$ some of the politicians have invested in these banks?

**izzysmommy** · 10-21-2009, 08:31 PM

I love my credit union! They always have really great rates for us. We really saved a lot when we bought our car and we balanced transfered a credit card balance on our regular card that was raised without a reason. Credit unions are an excellent resource

**Beemerchef** · 11-01-2009, 05:14 PM

We really never know the true reality of Bank Finances... They are just part of greedy games they play.
Stick to the Credit Unions...

Be well... Ara & Spirit