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Old 09-13-2006, 09:13 AM
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Default Re: ING Direct vs Emigrant Direct Bank

Quote:
Originally Posted by Potato_Picker
I got an initial limit of $20K, which is more than enough for me. Website access seems fine. I've only had the account for a few weeks, but I have made charges on the card. I will be scheduling my first online payment soon. So far it looks like any other credit card website. The account is managed by Juniper, but the website has all the requisite ED branding!

Let me just repeat a word of caution for all posters/readers of this thread. This is clearly designed for someone who has some decent savings ($10K min.) and pays off their credit card every month. Their interest rates are in the double digits (14% !!!). So clearly this is not a card you want if you're carrying any balances!
Thanks! Now only if they had a bonus for signing up for the card...

The $10K in savings I knew about already. Pretty soon I'll have over $20K in ED so this won't be a problem (waiting on a CD to mature). My Citi card has a high interest rate so I'm already used to this and paying off the card every month and never carrying a balance. The idea of paying a credit card company interest sickens me.
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