I signed up for a Macy's card...

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I signed up for a Macy's card. The salesperson enticed me with the discount I'd get on my purchase. It turns out it is a 19.46% APR VISA card. The separate non-VISA Account, that is the Macy's charges, are at 23.99%. When I called to activate the card, they tried to sell me a credit protection program. I said that I would protect my credit by paying off the balance and never using the card again. If I am even a little late, the interest rates go up to 26.99%. Sid the loanshark only charges 20%.

From Bob in DC