http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x6865455Oh my.
More credit-card jamboozles from the primitives, one of their favorite topics:
Faryn Balyncd (1000+ posts) Tue Oct-27-09 10:26 AM
Original message
Will you pledge to stop doing business with any credit card which institutes an annual fee?
Perhaps these bankers would benefit from receiving a few million telephone calls to their Customer Service lines from paying customers who inform them that their business will immediately cease if they choose to institute such fees.
michreject (1000+ posts) Tue Oct-27-09 10:29 AM
Response to Original message
1. No
You would have to pay it off or have a outstanding debt when applying for a new card.
spoony (1000+ posts) Tue Oct-27-09 10:30 AM
Response to Original message
2. Is there a list of them?
I'd be more than happy to dump such sleazy companies.
Uben (1000+ posts) Tue Oct-27-09 10:31 AM
Response to Original message
3. Yes
I do not need credit, so I damned sure am not going to pay for the priviledge of having it. I have exellent credit as a result of my actions, not theirs!
Blue_Tires (1000+ posts) Tue Oct-27-09 10:37 AM
Response to Original message
4. i would eventually...
T Wolf (1000+ posts) Tue Oct-27-09 10:38 AM
Response to Original message
5. ALready cancelled one card that pulled this shit. "Warning" the other two (Visa & Disc) also sounds like a good idea.
There MUST BE consequences for actions, or we get more rethug policies put in place.
peace frog (1000+ posts) Tue Oct-27-09 10:49 AM
Response to Original message
6. Amex has charged an annual fee every year for the 23 years I've had the card. However they DO remove the fee when I request it, particularly when I remind them of how much money I make for them every year. Works like a charm.
dixiegrrrrl (1000+ posts) Tue Oct-27-09 10:51 AM
Response to Original message
7. I pay a small fee for a local bank card. Interest rate has never changed.
20.00 a year, 9.9% interest ( I never have a balance).
Have had the card since 1995. Any problems, I call the bank here in town.
Use it for online purchases.
So, for that, I have no objections.
My Citi card, OTOH, if they screw around with me, I will cut up.
Yeah, I bet you will.
ecstatic (1000+ posts) Tue Oct-27-09 10:53 AM
Response to Original message
8. Some people can't afford to see their credit scores drop if they are in the process of getting a new job (many employers check credit now), buying a new car or home. Closing a long time credit card lowers your credit score (fyi).
That being said, anyone who doesn't want a card anymore should close it.
Saturday (1000+ posts) Tue Oct-27-09 11:46 AM
Response to Original message
9. My CC upped my minimum payment....from 2% to 5%. I already told them after it's paid off it's bye bye to them.
Now, wait a minute, wait a minute, wait a minute here.
That minimum payment uppage was mandated by the federal government, not the credit-card companies. It was in fact the
last thing the credit-card companies wanted.
It was instituted because primitives ran up high balances on their credit-card accounts, and with minimum payments of only 2% a month, it would take the primitives generations to pay them off.
With minimum payments of 5% of the account balance, it takes only a couple of decades to pay it all off.
It was for the primitives' own good, upping the minimum payment.
subterranean (793 posts) Tue Oct-27-09 12:43 PM
Response to Original message
10. They'd probably be happy if I did.
I pay my bill in full every month, and never carry a balance. They hate deadbeat customers like me.
Dreamer Tatum (1000+ posts) Tue Oct-27-09 12:49 PM
Response to Original message
11. No
dionysus (1000+ posts) Tue Oct-27-09 12:52 PM
Response to Original message
12. hell yeah. any card with an annual fee would be closed out.
I bet.
