I received an offer for a card, Legacy Visa, and decided to take them up on the offer.
I understand that the annual fee is $75 dollars. The APR is 29.9%. I know that this is pretty expensive.
But lets face it, if I had good credit I'd have an Amex card. I intend to keep you folks posted as to how this works out. Currently, I pay my bills on time most of the time, they sent me this offer, as I understand it this card is by invitation only. I don't feel distinguished, my credit SUCKS, but I don't have any intention of falling back into a horrible situation.
I simply intend to pay and use the card responsibly. Pay more than the minimum every month and pay the entire balance when I can. I personally feel that most people do not read the fine print on many contracts that they sign, and they don't understand the concept of spending using plastic. That's how they end up getting in serious trouble.
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