All About Trivia

Wednesday, September 13, 2006

What is the World's Most Expensive Credit?

Answer:

Thinking of applying for a credit card in the UK? You just might be better off with your local loan shark. But if you just can't resist owning the world's most expensive credit card, Vanquis Bank can provide you with one that has a £150 limit and a 69.5% annual interest rate. If you spent the maximum £150, made the minimum 5% monthly payment, and added on the £19 annual fee each year, it would take you 13 years to pay off your debt.

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