Dollars & Sense: Skyrocketing credit card rates; buy a piece of the Mets
January 28th, 2011
07:14 PM ET

Dollars & Sense: Skyrocketing credit card rates; buy a piece of the Mets

A roundup of today's CNNMoney news:

Cost to switch your iPhone to Verizon: If you're one of the estimated 2.5 million iPhone customers looking to switch to Verizon next month, you're probably furiously pounding away on your calculator to see if defecting is worth the money.

Credit card rates at record highs: Interest rates are hovering near record highs, at an average rate of 14.72%. And if your credit is bad enough, you could even end up with a rate as high as 59.9% APR. But there are some things you can do to avoid those lofty rates, even if you have bad credit.

Thanks to Madoff, you can buy a piece of the Mets: Managers of the New York Mets are auctioning off a minority stake in the baseball team, as they face pressure from a lawsuit related to Bernard Madoff's Ponzi scheme.

We overstretched on 787, Boeing says: Boeing Commercial Airplanes CEO Jim Albaugh says the company overstretched on technology, but still plans to deliver the 787 in the third quarter.

State pension + debt = big numbers: Hawaii's debt is $5.2 billion. But so is its pension obligation. States are having a hard enough time just paying for schools and social services, leaving many struggling to make big pension payments.

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Filed under: Dollars & Sense • Economy • Finance
soundoff (19 Responses)
  1. Q

    Anyone who knowingly signs up for a 60% interest rate deserves their poor credit rating. I honestly can't believe it's legal for someone to charge that ridiculous amount. Even a cash loan at one of those payday advance places is only around 25%.

    January 28, 2011 at 8:10 pm | Report abuse |
  2. Hawk

    maybe some of our leaders should go to cairo or alexandria and mingle with the people, maybe they can find out whats really going on... what about the whole congress? Hey, they could all!

    January 28, 2011 at 8:26 pm | Report abuse |
  3. Cesar

    Credit cards are great. I don't use them, I use VISA debit card with my local bank. So I don't have to worry about legalized loan sharking.

    January 28, 2011 at 8:32 pm | Report abuse |
  4. Philip

    Me too Cesar! I used to be into credit cards though, especially for my business activities. I have lost faith in our financial system, as you can no doubt tell from my posts. I'm not as clouty, but I have one less worry. (shrug)

    January 28, 2011 at 10:09 pm | Report abuse |
  5. Philip

    @Hawk...they already do, though not in person The US gov. gives Egypt, one of the wealthiest nations, somehwere around 2 billion dollars per year. For what?

    January 28, 2011 at 10:11 pm | Report abuse |
  6. chrissy

    credit cards are really great? for jimming ur door open when uve locked ur keys inside maybe? lol

    January 28, 2011 at 10:34 pm | Report abuse |

      or chooping weed up..

      January 29, 2011 at 9:40 pm | Report abuse |

    i just use cash.. or weed bags for my form of money/payment..

    January 29, 2011 at 9:06 pm | Report abuse |
  8. Gina

    I got a discover card, and today i discovered i cant pay my bill. 🙁

    January 29, 2011 at 9:42 pm | Report abuse |
  9. Analita Rectalson

    @Gina guess its back to the corner then huh?

    January 29, 2011 at 9:45 pm | Report abuse |
  10. Stu Pidasole

    Can I use my Bernard "american x-press Madoff ponzi card... .to purchase a minority stake of Mets... .

    January 29, 2011 at 9:48 pm | Report abuse |
  11. joni

    how bout the yanks

    January 29, 2011 at 10:06 pm | Report abuse |
  12. Cesar

    Ooooo Gina, are you gonna let Analita talk that way to you? You work the corner???

    January 30, 2011 at 7:23 pm | Report abuse |
  13. Analita Rectalson

    @Cesar i meant at a hotdog stand.

    January 30, 2011 at 9:36 pm | Report abuse |
  14. Cesar

    @Analita: Yea, of course, that's what I meant; a hot dog stand. No problem. Have a great work week both of you. Stay warm.

    January 30, 2011 at 10:05 pm | Report abuse |
  15. Analita Rectalson

    Lol you to cesar, take care!

    January 30, 2011 at 10:45 pm | Report abuse |
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