I’m about to dump my bail-out sponsored CC provider. This cuts two ways.
Donating money to Free Republic?! ZOMG, you must be one of those eeeeevil right-wing “extremists”! /sarc
I’m keeping a list, and checking it twice of all those credit card companies that are naughty and nice. I can’t wait until they are begging for our business again. Those companies that have cut my (up to now perfect) credit limits and have tried raising my rates are getting their mailers back with a BIG F.U. written all over it.
I've listened to their BS radio program. It's consists of one third someone reading the days market numbers into a microphone, one third some story about how business is corrupt, and the remainder devoted to a continuing discussion of effective strategies for charitable giving, which so often includes a tax-deductable gift to your local public radio station.
Bank of America just cut our credit card limit in half from 25 grand - we never carry a balance, plan on canceling it and are switching to a local bank from BOA.
Where would these mega-banks be if they did not leach off the tax-payers in the form of bailouts to keep them from bankruptcy?
Yet another reason to return to transacting business in hard currency (real money, not Federal Reserve brand toilet paper or its electronic equivalents). Americans need to boot all third parties the Hell out of our financial affairs, government being the worst offender of all.
My credit card company is my bank.
They only need to look in my checking account to see that I have twice my total credit lines on hand in cash.
Of course, I never charge much, pay everything in cash.
Rubbish. If each person pays for their half of the bill, there are two credit card transactions, neither of which is "aware" of the other. It would be a if anyone dining in the restaurant at the same time as you is information the credit card company would know. It isn't.
Haven’t owned a CC since ‘85. Ain’t lost nothing.
I use two cards, charge everything, and pay off the bills at the end of every month. I get several S-West Airlines RT tickets a year as a result of the Visa. And I get rebates both directly from AmExpress and from Costco where I mainly use the AmEx card, which on the back side also doubles as my Costco membership card, so I carry one less card.
If either of these card companies cancel me (which I consider very unlikely), I’m indifferent. They will lose a lot of fees they get from the merchants, and I’ll just take my business elsewhere. If no one else will give me a card (highly unlikely), I would also be indifferent, and just start paying cash, since I pay in full at the end of the month anyway.
I don’t use cash because I find a credit card fast and convenient, and I don’t have coins jingling around in my pocket, plus I pay all my various monthly bills online with a credit card, even including car insurance, registration, home insurance (I have no mortgage), etc. If they find my spending habits fascinating, I don’t really give a hoot, since I don’t care if they cancel me or not.
Watch out, last month they changed my due date and slapped me with a late fee!
Cutting off credit is good.
Its time to reign in the usury laws. For a person with good credit the interest rate should not be over 15 percent.
FYI, the plan for blue tooth was to make credit card carriers more vulnerable to purchases in malls. You pass by a store and the blue tooth card transmits data to the stores.
When you go in, they wanted to have your purchasing history available to “assist” store clerks in selling you items that you may desire based upon past buying.
It was also supposed to offer the “convenience” of allowing you to pass out of the store with your purchase without checking out. The charge would be placed on your card as you exited the store with the merchandise.
Ain’t technology great?
Takes me two extra minutes to do it that way but it's pretty good wages when you think about it. They should probably increase my credit limit.