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Retail credit card APRs have not changed despite the Federal Reserve slashing interest rates to near zero this year, according to a new report from CreditCards.com.Store-only cards have the highest interest rate at nearly 30%. That's the case for a few jewelers, Discount Tire and Big Lots, which sells furniture and appliances.“They're kind of preying, in some cases, on people who are really desperate to buy something, but may not have the money for it,” said Ted Rossman, an industry analyst at CreditCards.com. “So, it's really all about risk management.”The website’s survey found more than 43% of people have impulsively applied for a store card at checkout.That phenomenon may change this holiday season, when much of the shopping is expected to be online.“It might be less of an issue this year,” said Rossman. “Although, who knows? Maybe the shoppers that are in store are going to be peddled these even more aggressively, so it's something to watch for.”Store credit cards can be worth it if you pay your bills in full to avoid interest and you're loyal to a certain retailer. That's especially true for cards that offer 5% back on everything you buy. Amazon, Walmart, Target and a few clothing stores offer those kinds of rewards.If you're just signing up for an initial discount, don't waste it on a small purchase.Remember a credit card is different from a free loyalty program.You might be getting into something that could hurt your credit score. 1470
Prison inmate Rick Wershe, known to many as “White Boy Rick,” was set free on Monday just after 10:30 a.m. in Florida for the first time as an adult. His story begins with time spent as a teenage FBI informant, then later serving more than 30 years behind bars for a nonviolent drug offense.On Monday, he walked out of a Florida halfway house as a free man. His fiancée picked him up in Florida and confirmed he was released. 433
President Donald Trump's ex-wife Ivana doesn't think he should run for reelection in 2020. In an interview with Page Six, Ivana Trump said her ex-husband should instead enjoy his fortunes. “I’ll tell you something, I don’t think it’s necessary,” she told Page Six. “He has a good life and he has everything. Donald is going to be 74, 73 for the next [election] and maybe he should just go and play golf and enjoy his fortune."Ivana Trump was married to Donald from 1977 to 1992. The couple had three children: Eric, Donald Jr. and Ivanka. Despite being divorced for 26 years, Ivana remains in close contact with the President, saying they talk at least once a month. Ivana Trump believes her ex-husband probably misses some of the freedoms he had before entering the White House. "I don’t think he probably knew how much is involved of being the President," she told Page Six. "It’s so [much] information — you have to know the whole world.”Ivana Trump added during the interview that she feels for Trump's current wife Melania as speculation swirls around Trump's sex life, and his alleged relationship with porn star Stormy Daniels. "I feel bad for [Melania] because I know how bad I did feel. It hurts a lot,” she told Page Six.During their 15-year marriage, Ivana said she never suspected Donald of cheating on her. “Donald was always in the office and coming home, so I had no idea how he had the time to cheat,” she told Page Six. To see the full interview, click here. 1564
President Donald Trump suggested on Saturday he's done confronting Russian President Vladimir Putin over his country's election meddling since it's insulting to the Russian leader.Trump said he took Putin at his word that Russia did not seek to interfere in the US presidential election last year, despite a finding from US intelligence agencies that it did. The fraught relations between the two leaders was underscored anew when Putin's spokesman said election meddling did not come up when they spoke, even though Trump said it did.And he stressed that bigger issues persist between the United States and Russia that require the two leaders to move on. 663
RALEIGH, N.C. (AP) — Alonzo “Lon” T. Adams II, the man who created the formula for Slim Jim beef jerky sticks, has died from complications of COVID-19. Lynn Barrow of Brown-Wynne Funeral Home in Raleigh confirmed Adams died on Nov. 28. He was 95. A funeral service was held Wednesday. The News & Observer of Raleigh reports Adams was a World War II veteran who survived the Battle of the Bulge despite being shot in the head. Today's Slim Jims are the result of Adams' recipe, described by The New York Times in 1996 as a combination of processed ground beef, chicken meat and other parts, along with a range of spices and chemicals. 645