BUSINESS

79.9 Percent Interest Rate: RIDICULOUS Credit Card Offer Sent To San Diego Man

03/18/2010 05:12 am ET | Updated May 25, 2011

Gordon Hageman couldn't believe the credit card offer he got in the mail.

"My first thought, it was a mistake," Hageman said.

The wine distributor called the number on the offer, gave them the offer code and verified his information. Sure enough, it was right: the pre-approved credit card came with a 79.9 percent APR.

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