If I find this to be true on my statement I'll definitely get rid of mine. I only got it to rent cars and reserve hotel rooms. I'll use my debit card for that from now on.
http://moneynews.com/money/archives/...60608.cfm?s=st
These bastards are charging me more to make up their losses.
Screw the good customer to make up for the bad loans they made.
Why Your Credit Card Now Charges 30 Percent
Tuesday, Feb. 12, 2008 3:57 p.m. EST
The Federal Reserve keeps trimming interest rates. But credit card costs are soaring.
Some major banks are doubling their rates for credit cards to nearly 30 percent — even for good customers.
Experts tell MoneyNews that U.S. banks, wounded by subprime mortgage losses, are scrambling for ways to make new revenues, fast.
Though Bank of America has been knocked in the business press for raising rates, other brand names have done so as well, or may do so soon.
If I find this to be true on my statement I'll definitely get rid of mine. I only got it to rent cars and reserve hotel rooms. I'll use my debit card for that from now on.
I pay mine in full every month and have noticed the monthy charges seem to be getting bigger.
Mine haven't been so far.....that is something I watch closley.
same for me. If I see that crap on my statement they are done. What a crock of shit. Do they think raising rates is going to help or hurt them long term? what morons.
You raise rates on everyone two things will happen....
1) Your high credit quality customers will either stop using your card or they will dump you all together
2) You will push more mid/low credit quality people into default making your financial situation AND theirs worse.
Excellence is an art won by training and habituation. We do not act rightly because we have virtue or excellence, but rather we have those because we have acted rightly. We are what we repeatedly do. Excellence, then, is not an act but a habit.
- -- Aristotle
Believe nothing on the faith of traditions, even though they have been held in honor for many generations and in diverse places. Do not believe a thing because many people speak of it. Do not believe on the faith of the sages of the past. Do not believe what you yourself have imagined, persuading yourself that a God inspires you. Believe nothing on the sole authority of your masters and priests. After examination, believe what you yourself have tested and found to be reasonable, and conform your conduct thereto.
- -- The Buddha
It is the mark of an educated mind to be able to entertain a thought without accepting it.
- -- Aristotle
Your right its the monthy fees on mine that seem to be creeping up.
It is really pretty shitty to spread their mistakes to their good customers though.
Excellence is an art won by training and habituation. We do not act rightly because we have virtue or excellence, but rather we have those because we have acted rightly. We are what we repeatedly do. Excellence, then, is not an act but a habit.
- -- Aristotle
Believe nothing on the faith of traditions, even though they have been held in honor for many generations and in diverse places. Do not believe a thing because many people speak of it. Do not believe on the faith of the sages of the past. Do not believe what you yourself have imagined, persuading yourself that a God inspires you. Believe nothing on the sole authority of your masters and priests. After examination, believe what you yourself have tested and found to be reasonable, and conform your conduct thereto.
- -- The Buddha
It is the mark of an educated mind to be able to entertain a thought without accepting it.
- -- Aristotle
Money equals debt in America.
Banks loan you money they don't have.
Usury was once a crime.
Where is Jesus when ya need him to smite the usuary tables? My last experience... which is on-going... is with 'Citi-bank...they took over the accounts payable at Carson/Tahoe Health care...as it turned out they have billed me twice now for a bill I paid in full back in 2007...this check cleared the former bank account US Bank...I explained this to citi-bank...however they continue to bill me and have added false late charges and interest...I am waiting for the 'negative credit' report before my attroney sues them for 10 times the account balance plus attorney fees for punitive damages to my credit report!
All I can say boys and girls is to take charge of your financial well being and refuse to be bullied by Bank Thieves!
Money equals debt to stupid people.
Smart ones lend they don't borrow
Debt is defined as money to the bankers.
http://video.aol.com/video-detail/mo...ves/2054532928
Last edited by blackascoal; 02-14-2008 at 01:09 PM.
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