Meijer Credit Cards.

In an effort to promote business, Meijer (regional grocery chain) offers a credit card.  Besides getting  $.05 a gallon off of gas,  they encourage users to buy their merchandise and charge it.  But, if you don’t pay off the balance at the end of the month, there is a 29.9% interest rate.  (Isn’t this called loan sharking?  Oh wait, it is below 30% so it doesn’t apply. )  And, if you are late on a payment by only 24 hours, they tack on an additional $40.oo late fee.  Nice.

I only us my card for gas and I always pay off my balance at the end of the month.  I certainly can’t afford to keep a running balance and I certainly can’t afford to be late. 

I wonder what poor people do?

34 thoughts on “Meijer Credit Cards.

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