monday, march 12

I just paid my Gap card bill and noticed at the bottom of the statement: The finance charge on is a minimum charge permitted by state law which results in an annual percentage rate of 68.07% on this billing. But up a few lines it says 1.77500% monthly which is an APR of 21.3%.I’m not totally sure what this means but an APR of 68.07% seems obscene. Time to cut up the Gap card I reckon.


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