Concerns About Grocery Credit Card
Nichole Monroe Bell writes for the Charlotte Observer about some concerns being raised about a new grocery credit card called BonusPay that was introduced in all South Carolina Bi-Lo grocery stores last week. The card is issued by Purpose Solutions, a subsidiary of CompuCredit, and the First Bank of Delaware. According to Bell, "with BonusPay, shoppers are given a credit line of $50 to $200 and are charged $3 or $5 each time they use the card at the checkout, plus $4.99 for each month they use the card. The balance and fees are deducted from their checking account when they get their paychecks."
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