Archive for September, 2014

Watch out for the Fine Print

Thursday, September 4th, 2014

New Survey Shows Super High
APRs on Office Depot and Staples
Credit Cards
Office Depot and Staples are among the
retailers with the highest Annual Percentage
rates (APR) on their credit cards, according
to a survey published last month
Both office products big boxes came in at
27.99%, with only Zales showing a higher
rate among the retailers polled in the survey.
The average interest rate of store cards
surveyed was 23.23%, whereas the average
interest rate charged on general purpose
credit cards was 15.03%.
The survey was conducted in July using
the retail credit card terms and condition
agreements of 61 cards from 36 different
retailers who were among a list of the
top 100 retailers nationwide and offering
credit card programs.

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