Eric S asked:
Why can’t there be at least one credit card that charges 0% interest, NO MONTHLY PAYMENTS, Unlimited credit line. Then you can’t max out, you never have to make a payment, and you can borrow however much you want or need.
Why can’t there be at least one credit card that charges 0% interest, NO MONTHLY PAYMENTS, Unlimited credit line. Then you can’t max out, you never have to make a payment, and you can borrow however much you want or need.
Why can’t credit card companies give Americans credit cards like these to poor people and then have the government lend money to the banks if it comes down to that?
Gladys
Gail
Because interest is how their profit is made. No interest no profit.
Comment by Leslie — June 10, 2010 @ 4:03 pm
Emma
We already have this: it’s called welfare for individuals; it’s called TARP funds for businesses
Comment by Edgar — June 12, 2010 @ 12:31 pm
Roger
One thing wrong with your premise: the government doesn’t have any money to lend. They borrow it all from the Federal Reserve. That’s where all the bailout money came from.
No monthly payments……good one.
Comment by Carla — June 13, 2010 @ 2:10 pm
Cecil
wow
Comment by Diane — June 15, 2010 @ 6:20 pm
Cody
Are you serious? Why do you think no one offers such a card? Because no one would ever make a payment, EVER. What you’re describing is free money, which doesn’t exist.
Unless you’re on welfare. And that system needs reform, I’ll tell you that.
Comment by Wendy — June 17, 2010 @ 7:30 am
Kathryn
Ask for that when you apply and report back
Comment by Reginald — June 17, 2010 @ 10:33 am
Katherine
For the same reason McDonalds doesn’t give out free hamburgers
Comment by Tanya — June 17, 2010 @ 8:48 pm