Are every twelve months rates of 32.24% on a credit card usury? I was under the depression that the legal limit for every twelve

I was under the depression that the legal limit for every twelve months interest agreements for things like credit cards was 30%. Did I miss something, or am I newly completely wrong?

If you are surrounded by the US, different states have different laws in the region of the usury cap. Check with your state's bank commission. Credit card companies can jack up the rates in some cases, like relatives who are late in payments, don't settle up the minimum or don't pay at all.

mine are at 29 percent so i know where your coming from

Answers:
Actually, there is no limit on the amount a cc company can charge you.
Check the return address on your statement and find out surrounded by which state your card issuer is based. The federal government once have national ursury laws that set a cap on the amount of interest that could be charged on a loan, but after the Great Depression, it repealed them and some states put no brand new ursury laws in place. The top ten credit card companies enjoy flocked to those states:

New Hampshire (no cap) -> Providian
South Dakota (no cap) -> Citibank
Utah (no cap) -> American Express
Arizona (36% cap) -> Bank of America and Direct Merchants
Virginia (no cap) -> Capital One
Delaware (no cap) -> JP Morgan Chase, MBNA, Morgan Stanley (Discover) and HSBC

Yes, as consumers, we're getting hosed and the cc companies are doing it legally.
:-(

I own a Tesco card and that is only 24. You have better swap quick.