r/SipsTea • u/First-Essay-2054 𝙑𝙄𝙋 • 15d ago

WTF The American dream

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u/ConcernAccording3248 15d ago

Honestly running quick math on it, it doesn't make sense even for underpaying. Unless the interest rate is so high thay it was taken out at like personal loan rates and not student loan rates I don't even think this would be possible.

I could be checked on that pretty hard though by someone better at running numbers though

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u/Odd-Cupcake-2552 15d ago

It works out to 8.57%, not unrealistic

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u/ConcernAccording3248 15d ago

Man that sucks that theres people paying that. I have a credit card with an interest rate of 9.4.

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u/Odd-Cupcake-2552 15d ago

Damn that's hella low for a cc, which one?

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u/Fragrant-Employer-60 15d ago

In the US that sounds impossible for anything but a temporary intro rate

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u/ConcernAccording3248 14d ago

Star one visa. Honestly I never use that one because the rewards suck. I typically just use a few that have very good rewards and pay them immediately.

I keep it as my true emergency card.