- Posted February 26, 2009 by
St john, Virgin Islands (USA)
This iReport is part of an assignment:
What are you cutting from your budget?
OBAMA Stimulus Credit Card for US
I advocate a new Idea "The Obama "us Credit Card...The creditcard for us.
Obama administration has invested in our trouble banks. They have the money now!..... releases it to "us!"
Requirements are under 250,000 in earnings / and credit card debt.
If you already have a credit card then you obviously are already qualified to lend money to.
This new credit card funded by our newly owned federally bailed out banks will offer a card that has a fixed low interest rate / fairly treats its customers...does not penalize a 1 day late payment with 27% usury interest rates; plus a 40 dollar late fee.
Rewards its customers who pay on time or early.
This us card will allow americans to pay off other credit card debt or even help with mortgage payments.
The administration could possibly create other cards.
A stimulus card ....no interest loans for special purposes / programs.
Education /alt. energy production.etc
What do you think!!