John McCain’s 25.99% APR Credit Card
Categories: Credit
Even presidential candidates aren’t immune to high credit card rates. From Dan Ray (via Bob Lawless at Credit Slips): John McCain’s recent financial disclosure form revealed that he and his wife Cindy hold a joint credit card from Chase with an APR of 25.99 percent—which Dan says smells suspiciously like a penalty rate. Barack Obama has proposed a “Credit Card Bill of Rights” to rein in credit card issuer abuses; maybe Sen. McCain’s experience with Chase will prompt him to do something along the same lines.
its a good thing for honest tax payers like us, its good that our would be president is also a sufferer of credit cards high rates. lets hope that when he comes in power he’ll do something for these sky rocketing rates.
JWp
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Comment by John Parr — July 10, 2008 @ 7:06 am
[...] Then again, considering the $1.37 million debt on the McCain campaign’s American Express card—a card that apparently carries a 17 percent annual percentage rate—maybe a McCain administration would bring some needed perspective to the issue of abusive credit card practices. And then there’s the personal credit card with a 25.99 percent APR… [...]
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