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To: throwback
My Visa card just raised my interest rate to 9.5%, despite the fact that I have excellent credit and despite the fact that they have a record of my dealings with them that goes back three or four decades and in the past two or three of those decades, I have not paid a penny in interest.

Maybe they thought (correctly) that they wouldn't lose me as a customer since I don't pay interest anyway, but then again, how does it profit them to raise my rate?

2 posted on 10/28/2011 5:15:45 PM PDT by Graybeard58 (Of course Obama loves his country but Herman Cain loves mine.)
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To: Graybeard58

“in the past two or three of those decades, I have not paid a penny in interest.”

so why would they want you as a customer?


5 posted on 10/28/2011 5:36:43 PM PDT by driftdiver (I could eat it raw, but why do that when I have a fire.)
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To: Graybeard58

My Dad’s credit is A1 and he never pays interest either and they raised his interest to 29.99% last year. Still pissed him off though.

He pays off the card every month, so you got to wonder what went into that decision.


11 posted on 10/28/2011 7:40:47 PM PDT by packrat35 (America is rapidly becoming a police state that East Germany could be proud of!)
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To: Graybeard58

Bank of America just started charging $5 for a lost debit card.


35 posted on 10/31/2011 7:42:55 PM PDT by Politicalmom (I am intrigued and open to the Bush administration's amnesty proposal. -Rick Perry)
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