While HD doesn't give an automatic 5% off on use, it does send out promotions every couple of months that yes, say if you use the card in the next 30 days you'll have a choice of a (last one was...) twn pct off _or_ two years w/o interest.
So if you're careful and pay each month off in full, you can get the discount.
I did not know the rates had gone up over 24 %. I use a credit card for almost everything I buy as I get from 1 to 5 % back depending on the card. Have to use a debit card for $ 500 every month to get a percentage back on my checking account. Easy to do with the grocery store bill.
Now the treasure bills are over 5 % for 3 month bills I have put much of the money market money in that.
I always pay off the credit cards every month. Usually with a bank transfer.
I had no idea credit card interest ran this high until reading this thread. I have not paid interest on anything since paying off our mortgage over 30 years ago. I use one credit card for most purchases and pay it off at the end of the month. I see the average person has nearly $8,000 credit card balance.
This happened here over 40 years ago:"Gov. Pierre S. du Pont Wednesday signed a bill lifting interest ceilings and giving tax breaks to banking operations, a move he said could make Delaware a new national banking center."
Joe wasn't known as the Senator from MBNA for nothing.
Those kids burdened with college loans that they may never be able to pay off should say "Thank you, Joe". Typical government job security: create the problem then 'fix' the problem creating a slew of new problems to be fixed. It's as if the county road crew spent 50% of their time digging potholes.
After serving as governor, Pete DuPont became DE US rep. I met him and his wife and had heard talk of Pete running for the senate against Biden. I told his wife I would like to see him run and she told me she wanted him to do it but he didn't. Too bad as Pete was very popular. Had he run and beat Biden it would be a different world today.
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