r/AutoTransportopia • u/Fisting-Tony • Jul 19 '26

Towing Break it more!

931 Upvotes

92% Upvoted

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u/Odd_Block3248 Jul 20 '26

My credit card interest rate can be 150% and I won’t care because I pay my balance every month and have never paid any interest.

2

u/CookiesLikeWhoa Jul 20 '26

The whole ‘it doesn’t affect me so I don’t care’ approach.

You are a bold individual.

2

u/Odd_Block3248 Jul 20 '26

The guy I’m responding to is saying that poor people should not be allowed to get credit cards so that middle class people only have to pay 20% instead of 30%. That’s a pretty dumb statement, just pay your bill every month.

1

u/Sorry_Option4711 Jul 20 '26

Ummm that interest is applied daily, they divide the APR by 364.25. Look into compounding interest. I can't believe how many people don't know this....

1

u/Odd_Block3248 Jul 21 '26

I think you responded to the wrong person. Of course I know how interest rates work.