No credit card company charges what state law permits. Banking is a noble profession. Without bankers government couldn't issue bonds that construct roads, schools, or highways. Banks provide loans to buy cars, homes, and pay for college tuition. Credit cards are also a convenience in modern society.
Lending has a dark side.
Currently, rates are loosely regulated at the state level. We hope you'll take advantage of this exclusive offer, and join the over one million customers who count on us for all their lending needs. Beneficial's behavior also raises the questions as to why they're entitled to review anyone's credit history, without permission, in order to send an unsolicited check. The company does inform would-be borrowers of the total finance charge is during the life of the loan if minimum payments are made. It's nothing more than a sad gesture to assuage their parasitic conscience.