benecewicz
Premium
join:2005-04-08
Parkville, MD | reply to Sir Meowmix III
Re: Chase has gone mad. Raised my APR by 3 times
Yet another for USAA. Also have car insurance with them and regularly get a dividend check back from them every year. Not to mention being significantly cheaper than the other carriers. |
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TACSPEED
Premium
join:2001-04-14
Tacoma, WA
 ·Advanced Stream
| reply to damn
I've always paid my credit card bill in full and have gotten some nice cash rewards out of it.
If I loss the cash rewards, it's no big deal. It was good while it lasted.
If they start charging an annual fee, I'll shop around for a card with no annual fee.
However, I would be surprised if all of the three credit unions that I belong to, started to charge an annual fee.
I suspect if the monster mega-banks start charging in annual fee, the credit unions and small community banks will see it as an opportunity to offer credit cards with no annual fee and take their customers.
For those who maintain a balance and pay their bills on time, I would see with your local credit union or community bank can do for you.
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Fiber Optics is the future of high-speed internet access. Stop by the BBR Fiber Optic Forum. |
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cowboyro
join:2000-10-11
Shelton, CT
 ·AT&T U-Verse
·Comcast
 ·Optimum Voice
| reply to damn
Been using credit cards for 10 years. I have about 15 of them totaling well over 100k in credit... I always pay in full every month unless I make a no-interest qualifying purchase... Haven't paid interest on purchases or annual fees... never seen an APR increase... I get cashback for purchases I make... Oh, how evil credit cards are... NOT.
If you treat credit cards as cash and never spend what you don't have they are a wonderful thing. If you go by "I don't have money for this, I'll put it on credit and figure a way to pay it later" it's only your fault. |
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Dersgniw
Disco Crunchin
Premium,MVM
join:2001-08-10
behind you
clubs:
·Optimum Online
| reply to runnoft
said by runnoft  :You SHOULD NOT close your credit card accounts, especially ones that you've had open for a long time. Doing that will lower your credit score. This is important. Many people will see these adverse actions by their credit card companies and close their cards. But, they don't realize the effect this has on their credit. The result will be both reducing your average length of credit (possibly) and lowering your available credit.
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I Smell Cures! -- Our Hope |
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graysonf
Premium,MVM
join:1999-07-16
Fort Lauderdale, FL | reply to damn
You have two choices.....
Don't carry a balance; don't pay the interest: The rate doesn't matter.
Take your business elsewhere. |
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marigolds
Gainfully employed, finally
Premium,MVM
join:2002-05-13
Saint Louis, MO | reply to cowboyro
That's your experience. Many other people have the experience that if they become "deadbeats" the credit card companies jack up their interest rates, charge them annual fees and eventually cancel their cards. |
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dcurrey
Premium
join:2004-06-29
·ViaTalk
1 edit | reply to Dersgniw
said by Dersgniw :said by runnoft :You SHOULD NOT close your credit card accounts, especially ones that you've had open for a long time. Doing that will lower your credit score. This is important. Many people will see these adverse actions by their credit card companies and close their cards. But, they don't realize the effect this has on their credit. The result will be both reducing your average length of credit (possibly) and lowering your available credit. True you shouldn't cancel the account. It does effect your credit score. But are you also going to be willing to pay $20 to $75 a year renewal fees to keep an account open you don't use? |
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wth
Premium
join:2002-02-20
Iowa City, IA
·Mediacom
| reply to damn
Here's the card for you if you payoff your balance in full every month.
AMEX Blue Cash Earned about $350.00 last year.
»https://www217.americanexpress.com/cards···7/0/0/-1 |
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the Grumble
Yep, I changed my name again -
join:2009-05-11
1 edit | reply to cowboyro
said by cowboyro :Been using credit cards for 10 years. I have about 15 of them totaling well over 100k in credit... I always pay in full every month unless I make a no-interest qualifying purchase... Haven't paid interest on purchases or annual fees... never seen an APR increase... I get cashback for purchases I make... Oh, how evil credit cards are... NOT. If you treat credit cards as cash and never spend what you don't have they are a wonderful thing. If you go by "I don't have money for this, I'll put it on credit and figure a way to pay it later" it's only your fault. NM |
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the Grumble
Yep, I changed my name again -
join:2009-05-11
2 edits | reply to graysonf
»www.boston.com/business/personal···dit.html |
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lololmaooo
@pldt.net
| reply to damn
The Good Ol Days....
I wonder if they have also increased the interest rates for Mr. Tree....
»www.snopes.com/business/bank/treecard.asp
Damn... I could go on a shopping spree if I send in the card application for each of the trees in my backyard lol...  |
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graysonf
Premium,MVM
join:1999-07-16
Fort Lauderdale, FL | reply to the Grumble
Re: Chase has gone mad. Raised my APR by 3 times
I don't care about any of this. I don't carry a balance and don't pay any fees. |
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Dersgniw
Disco Crunchin
Premium,MVM
join:2001-08-10
behind you
clubs:
·Optimum Online
| said by graysonf :I don't care about any of this. I don't carry a balance and don't pay any fees. Which begs the question.... 
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I Smell Cures! -- Our Hope |
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graysonf
Premium,MVM
join:1999-07-16
Fort Lauderdale, FL | Which is? |
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quatrix
Premium
join:2005-02-11
Davie, FL | reply to damn
As others have said, if you pay off the card each month then the interest rate is irrelevant. And if you can't pay off the card each month, you shouldn't have "bought" stuff you couldn't afford. |
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dekerfman
join:2004-10-07
Weirton, WV
| reply to damn
Capital One just raised my rate 10%. I use it regularly and carry a balance every month so their making money from me. By raising it so much it puts me in a position to pay loan shark rates or to cancel it and hurt my credit rating setting off a frenzy with my other cards. All their going to do is force people into bankruptcy and not receive anything. |
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avd706
insert annoying animated gif here
Premium
join:2003-02-06
Union, NJ | I think this is an evil plot to keep people from refinancing at attractive rates. |
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Thespis
I'm not an actor, but I play one on TV.
Premium
join:2004-08-03
Keller, TX
1 edit | reply to Greg_Z
said by Greg_Z :Suze Orman states the same thing. Dump the debt, Dumped.
and do not depend on CC.
We don't "depend" on it. We use it as a tool. We don't have to; we choose to.
Also, forget about that artificial number, because all it does it bloats egos.
Well, that and allow you to get a good rate on a mortgage... Or should everyone save up to pay cash for a house?
Credit cards are "bad" in the same way that guns are "bad". They are tools which, in the wrong hands can cause a great deal of damage |
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Bobcat
Premium
join:2001-02-04
Bedminster, NJ
 ·Verizon Online DSL
| reply to the Grumble
Oooh! This is a good one:
quote:
If two or more different APRs apply to different portions of an outstanding balance, the amount of any payment above the required minimum payment needs to be applied to the balance with the highest APR first and then to lower APR balances.
said by marigolds :As a side note, did you see that several companies are now proposing to get rid of the grace period? The minute you charge something to your card, you start accumulating interest? More FUD. From the above link:
quote:
Creditors are required to provide a grace period for payments...
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It's nice to be important, but it's more important to be nice. |
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Greg_Z
Premium
join:2001-08-08
Springfield, IL
·Comcast
| reply to Dersgniw
Credit score is an artificial number that is used by those giving you the gift of getting into debt. In all reality, the Credit Score can be done away with, and no one would be affected by not having one. Then maybe things could be fair again.
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I threw out the map a long time ago. Now I follow my own direction! |
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