Credit cards and 40% annual interest and penalties

Published by rudy Date posted on May 5, 2010

I’ve decided to give up my two Citibank credit cards—Visa and Mastercard. They charge more than 40 percent annual interest and penalties for late payment are compounded. Every now and then, too, I am made to pay these penalties.

I don’t know if Citibank does it on purpose, but it sends me my billing statements late. What a ripoff!

I wonder what happened to that Supreme Court decision which found banks overcharging for loans and credit cards. He court pegged interest rates to only 12 percent annually. Obviously, the Bangko Sentral is unmindful of banks making oodles of money at the expense of consumers. –Manila Standard Today

July 2025

Nutrition Month
“Give us much more than P50 increase
for proper nutrition!”

Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.

Accept National Unity Government (NUG)
of Myanmar.  Reject Military!

#WearMask #WashHands #Distancing #TakePicturesVideosturesVideos

Time to support & empower survivors. Time to spark a global conversation. Time for #GenerationEquality to #orangetheworld!

July


3 July – International Day of Cooperatives
3 Ju
ly – International Plastic Bag Free Day
 
5 July –
World Youth Skills Day 
7 July – Global Forgiveness Day
11 July – World Population Day 
17 July – World Day for
International Justice
28 July – World Nature Conservation Day
30 July – World Day against Trafficking in Persons 


Monthly Observances:

Schools Safety Month

Nutrition Month
National Disaster Consciousness Month

Weekly Observances:

Week 2: Cultural Communities Week
Micro, Small, and Medium Enterprise
Development Week
Week 3: National Science and
Technology Week
National Disability Prevention and
Rehabilitation Week
July 1-7:
National Culture Consciousness Week
July 13-19:
Philippines Business Week
Week ending last Saturday of July:
Arbor Week

 

Daily Observances:

First Saturday of July:
International Cooperative Day
in the Philippines

Categories

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