Fry's credit card

Anyone figure Fry�s credit card? Given that Fry only had 93 cents in his bank account, it�s vary probable that he was maxed out on his credit card. At an interest rate of 16.9% that comes out to roughly 1 gagillion dollars. Of course, if he receives half as many card offers as most people, he could have put all his debt on a single low interest visa platinum just before freezing, which is now extinct., leaving him of scott free.

Anyone figure Fry�s credit card? Given that Fry only had 93 cents in his bank account, it�s vary probable that he was maxed out on his credit card. At an interest rate of 16.9% that comes out to roughly 1 gagillion dollars. Of course, if he receives half as many card offers as most people, he could have put all his debt on a single low interest visa platinum just before freezing, which is now extinct., leaving him of scott free.

"Boffo Bill" wrote:

I gather that it probably wasn't a credit card. It was more than likely a check-card, which isn't really a credit card as much as it is backed by a credit card company. My check card, for instance, is backed by Visa. It costs $10 to maintain my account and the comes with the account as a "bonus." When I use it as a credit card, Visa checks my checking account to see if I have the funds available, approves the credit if I do and then automatically drafts the money from my checking account to cover the pruchase. It's all done in the same day and as per an agreement with my bank, there's no interest charge for the privelege nor is there a limit on how many purchases I can make. The other nifty thing about the check card is that it will sometimes by-pass Visa altogether and immediately draft from my account. Also, it's my ATM card. The whole question could be null and void if Fry didn't have a check card at all, but did have an ATM card, which comes standard with any checking/savings account. You see, the bank teller in the episode asked for Fry's ATM card, not his credit card.

I was referring to the American Express, Visa and Discover cards Fry tried to buy underwear with. If I use my Visa for cash withdraws I get charged up the ying yang. I suspect thats why he also has a separate ATM card from his bank. I don�t know what American Express would do if you don�t pay it off each month, I guess they can charge up to 25%. It�s possible he had debt on it before he was frozen. Before it went under in 2400, he could of owed $4.65*10to38 power for each $1 he charged. As I�m writing this I got a solicitation from them. they also can charge 15% for attorney fees. I never had a Discover card, but I assume it works like Visa. At 10% he would owe $2.25*10to41 for every dollars over 1000 years. At the 16.9% rate I said before it�s $5.58*10to67 for each dollar he charged. If you didn�t understand my notation, that�s $55,800 billion, billion, billion billion, billion, billion, billion. That�s why I hope he had that particular card paid off. I am often wrong about theses things though. As I calculate it, on the show the bank gave him 1001 years interest. The one surprising thing however is that in 1000 years, there must have been as much deflation as inflation. Otherwise Light Speed briefs may cost 5 trillion dollars.