Bank America to Charge 29.99% On Credit Cards

Let's look at the Big Picture. The US is a "consumer driven" economy. The consumer relies on credit to satisfy his/her fix. The economy continues to show lackluster growth that causes our friend at the Fed Ben Bernanke to keep "interest rates" low---almost 0 %. That near 0% is what our friends "the Banksters" pay to borrow money. You dear consumer if you need to carry a balance with an institution such as Bank America will be paying just about 30% annually on that balance.

Thank goodness the Fed is keeping rates low!


http://dailybail.com/home/bank-of-america-to-start-charging-30-on-credit-cards.html