Have you set up a Yahoo id as a back up email address but haven't used it for a while? Where tonight there's a warning you need to know! Yahoo plans to recycle Yahoo user IDs that have been inactiveMore >>
If you haven't used yours in a while it may be in jeopardy of falling in someone else's hands.More >>
Tuesday, May 7 2013 9:35 PM EDT2013-05-08 01:35:30 GMT
Election day is well underway as voters head to the polls to choose a new congressman or woman. Being a special election, polls are expected to be relatively busy, but election officials are not expectingMore >>
Former South Carolina Gov. Mark Sanford has redeemed a political career sidelined by scandal by winning his old congressional seat. Sanford defeated Elizabeth Colbert Busch Tuesday in the state's 1st Congressional District.More >>
CHARLOTTE, NC (WBTV) - It seems that with every keystroke and every click of the mouse, someone is tracking you online. Whether it's your phone, your tablet, or even your web browser. We have givenMore >>
More web browser companies are offering a "do not track" option to protect customers privacy.More >>
Wednesday, September 12 2012 9:03 AM EDT2012-09-12 13:03:55 GMT
Those who bought into timeshare properties are quickly finding they were not the "investment" many were led to believe. Now hundreds are practically giving their timeshares away to get out from under the fees. More >>
Those who bought into timeshare properties are quickly finding they were not the "investment" many were led to believe. Now hundreds are practically giving their timeshares away to get out from under the fees.More >>
NATIONWIDE (NBC) - "The first thing they do is laugh. They think it is one of the most ridiculous things out there."
Gordon Hageman is talking about a credit card offer that just came in the mail, an offer he could hardly believe.
"I think they are trying to take advantage of me. I think that's what's going on right now with the economy, maybe just trying to see what they can get away with," says Hageman.
And this card comes with an interest rate you won't believe. Not 20 or 30 percent, not even 50 or 60 percent, the Mastercard offer from Premium Bank in South Dakota, 79.9 percent.
"My first thought was it was a mistake so I called the 800 number on the back of the offer and gave them the offer code and verified my information and sure enough they verified it at 79.9 percent," says Hageman.
"Gosh, I hope nobody would do that. I hope nobody would say I'm going to sign up for this card without even looking at the interest rate," says San Diego State University Marketing Professor Michael Belch.
But there's nothing in the letter that tells you the interest rate. For that, you have to read the fine print.
Belch says, "I think you're beginning to border on deception there."
San Diego State Marketing Professor Michael Belch says card offers like this are usually targeted at people struggling with their credit, the card comes with a 300 dollar limit and a 75 dollar annual fee.
"Anyone looking to rebuild their credit probably going to end up worse shape that probably before they got this card," says Belch.