Depends on what you are wanting to do with it. If you want to purchase a lot of things or high dollar amounts and can pay it all off before July 2011, then ok. If not, you will be charged that interest rate. There are better rates out there, but you didn't mention your status, credit score, etc. so don't know how applicable they are to you or not. No, your APR won't go down once they raise it to 22.9%; however, if you pay your entire balance every month, it won't matter.
by redhead - 5 hours ago
Why do you care what the interest rate is because unless you are a fool you will never carry over a balance to be charged interest on. Once set it is highly unlikely the interest will decrease.
by Rebecca - 5 hours ago
22.9% is HIGH. No, your interest rate will not go down after making your payments as agreed to in the contract. That is the interest rate they are offering you after the 0% promotion is over. Also, if you miss a payment or break any of the other terms that will be in the small print on the contract, I bet they can jack up that 0% to the 22.9% immediately!
by Genuine Guidance - 5 hours ago
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