Chasing the Wind

News. Faith. Nonsense.

Usury

I was reading the fine print on the back of a credit card agreement. Don’t ask me why that interested me, it’s not exactly fun reading. I don’t like to keep credit card balances; I really dislike to be in debt. But sometime I’ll post something I’ve been studying, a way for the credit card companies to pay me.

Anyway, the fine print on the back says, “As of November 17, 2006, the standard variable APR for purchases is 15.24% and the standard variable APR for cash advances is 23.24%. However, all your APRs may automatically increase to the 32.24% variable default rate if you default under any Card Agreement that you have with us.”

Gadzooks. Credit cards can be as high as 32.24%? That’s absolutely incredible.

Michael's avatar

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Michael

Follower of Jesus, conservative, freedom-loving patriot.

4 responses to “Usury”

  1. Jo Avatar
    Jo

    That’s why I don’t have credit cards.

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    Reply
  2. Tony Avatar
    Tony

    Just remember…they are not in business to do you any favors. It’s all about the money.

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    Reply
  3. Michael Avatar
    Michael

    Yeah, but… I’m just astonished interest rates can go that high.

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    Reply
  4. Michael Avatar
    Michael

    Credit cards used wisely can actually make you money. I pay off the balance each month and charge everything and earn points. I make $300-$500 in reward dollars each year.

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    Reply

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About Me

Michael, a sinner saved by grace, sharing what the good Lord has shared with me.

Solomon, in the book of Ecclesiastes, said, “I have seen all the things that are done under the sun; all of them are meaningless, a chasing after the wind.”

If you’re not living for the glory of God, then what you’re doing is meaningless, no matter what it is. Living for God gives life meaning, and enjoying a “chasing after the wind” is a gift from God. I’m doing what I can to enjoy this gift daily.

Got questions? I’m not surprised. If you have any questions about Chasing the Wind, you can email me at chasingthewind@outlook.com.

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