If you are late if only by a day twice...they take those 0% rates off the table and bump it to 18, 21, 24 or even 29%.
You can thank Carter for pushing the prime rate over 21%, over the usury limits makiing CC companies unable to issue cards without going broke. So what happens, greedy states wanting extra tax money repealed the usury law, so now we have outrageous antics. Notice on your next bill...it will be sent to either Sioux Falls or Vermont.
The governor of S.D. has commented how good it's been for the state. What a collosal ripoff.