Imagine the benefits to consumers when WMT opens its Credit Card division and instead of 26% interest charges half that amount ?
How will that effect the national banks who have been raking in the profits on 24% and 28% revolving credit charges ? I wonder why the Mass. bankers are opposed so strongly ? Have they been charging outrageous credit card fees for years and are about to lose it ?
I would say if your paying 24% you must have a credit like shit. You think Walmart is going to give you 10% with a shity credit history like you. I have never had a card over 9.5% but then I pay it off every month. I can't wait tell Walmart gets a bank you guys make sound like they will 1% loan on everything even with shitty credit like you have courage and the truth.
You know you have a good job pay your bills you get low interest on cars homes credit cards no fee bank account. Walmart in the business to make money they are not going loan you money for free to a bad credit risk