I left BoA back in College, because they were being jerks. Then I went to Wells Fargo for a few years. When I moved to PA there are not any Wells
Fargo banks nearby my locations so I went to a smaller bank, National City. After having issues with a single overdraft fee of 25$ that turned into
like 300$ because I refused to pay it, I am now banking with First National.
I have had a Discover Card for years and they have treated me very well, with low interest rates. But it always gets paid off, so they tend to
continue treating me well. They are so desperate to screw me over that they actually allow me to have a Platinum Card - with massive limits (10s of
However, I barely make 1000$ a month and it all disappears so fast. (New Job).
My interest rate is extremely low because the balance gets paid off rather quickly, and I am always getting offers for more credit, although I always
say "No" nowadays. Either take my Discover or get lost, basically.
Look, you can say "escape the banks" all you want, but I would HATE to see what life is like without a little credit.
Hell the past month I made barely 500$, and you know I have been charging for my dinner. I have 2 kids and a wife, and I will not make them eat rice
everyday (with nothing else) so I buy them a decent meal on credit.
Discover has treated me 1000x better than Visa or Master - that is why I do not use them at all.
Bottom line, some of us would be on the street if it was not for credit. And if you pay it off quickly, you will stay afloat just a little longer, and
avoid heavy fines.
I am aware most people are not so lucky, as I have a benefactor who is helping me pay off my credit balances. I am extremely lucky.
I have nothing against credit, but I am 100% against super high rates%.
I think that usury is a Sin. And the lawful rate should be maxed at about 5%. IMO.
Anything above 5% is theft plain and simple, from my point of view.
Credit is a tool, it is not good or evil. It is how you use it. It can become evil if you abuse it, and it can save your life if you use it within
And Interest, well that is almost always evil.