New Credit Card Rules Start Today

[Zoom-boing]

Just a reminder . . . . keep tabs on what your CC company is doing. Read the fineprint.

Mixed blessing: credit card reform may shock some

 

[uscitizen]

The best credit card reform is a sharp pair of scissors.

 

[Zoom-boing]

The best credit card reform is a sharp pair of scissors.

We are ready to do just that if our CC company starts imposing annual fees or some other bs fee. They already racked our rate up about 2 months ago. We're toxic to these companies . . . . not carrying a balance and paying our bill off on time and all. Damn personal fiscal responsibility!

 

[uscitizen]

The best credit card reform is a sharp pair of scissors.

We are ready to do just that if our CC company starts imposing annual fees or some other bs fee. They already racked our rate up about 2 months ago. We're toxic to these companies . . . . not carrying a balance and paying our bill off on time and all. Damn personal fiscal responsibility!

Yeah they do hate those who are responsible in their actions don't they?

 

[Cuyo]

Just a reminder . . . . keep tabs on what your CC company is doing. Read the fineprint.

Mixed blessing: credit card reform may shock some

What sort of new rules? I thought they were new consumer protections?

 

[Mr Natural]

Pay it off and start using cash.

We all remember cash, right?

 

[uscitizen]

Just a reminder . . . . keep tabs on what your CC company is doing. Read the fineprint.

Mixed blessing: credit card reform may shock some

What sort of new rules? I thought they were new consumer protections?

LMAO Good one.

 

[namvet]

I started paying off and cutting up cards before this loser was elected. ill keep one for emergencies.

 

[namvet]

Pay it off and start using cash.

We all remember cash, right?

sure. Osama is running the printing press 24/7

 

[Xenophon]

Credit cards are a waste, keep a balance in your bank and use a card for only that and you can't go wrong.

 

[namvet]

all we use now is the banks debit card

 

[Zoom-boing]

all we use now is the banks debit card

Did you get rid of you CC or just don't use them?

If they don't impose any type of inactivity fee you can keep them in case of emergency; if they start charging for non-use you can use them a few times a year to avoid the fee. Some companies are charging a $60 fee unless you charge $2,400/year on the card. Bullllshit.

 

[namvet]

all we use now is the banks debit card

Did you get rid of you CC or just don't use them?

If they don't impose any type of inactivity fee you can keep them in case of emergency; if they start charging for non-use you can use them a few times a year to avoid the fee. Some companies are charging a $60 fee unless you charge $2,400/year on the card. Bullllshit.

got rid of em. except one. closed the accounts and cut em up. we have virtually no debt now. im a home owner so i have to keep one just in case. and if they start railin' me with charges ill fire their ass to. i can get a bank loan or use my equity.

i really feel for people with high debt now

 

[Baruch Menachem]

I only got one letter imposing a fee. I called the same day and cancelled.

All the other cards got chopped up.

I'm unemployed. what am I doing with a credit card anyway?

 

[blu]

Pay it off and start using cash.

We all remember cash, right?

at least use a debit card ;_; cash/checks are for old people (over 70)

 

[blu]

if you use creditcards.com you can find one with good rewards, no fees, etc. I would never keep one with a yearly fee or 'no-use' fee. it is *not* smart though to just cut up all your cards and stop using credit, your credit score will suffer and if you do hit an emergency and need a qucik loan, you won't be getting it or it will be with a huge interest rate.

 

[Dr Gregg]

Chase wanted to up my interest rate to 26.99%!!!!! That's like loan shark interest rates. So instead of getting a good percentage, they want to rob people? thank god there was an option to close the account, which I promptly did. I don't get these companies, instead of getting some money ,they jack up the rates to absurd levels on who are usually the poorer and maybe in more debt, so that they can't afford even the basic monthy payment, and they end up getting nothing. Just like the ARM, instead of keeping the rate the same, the jacked them up to the point people couldn't afford it and end up foreclosing.

 

[namvet]

Chase wanted to up my interest rate to 26.99%!!!!! That's like loan shark interest rates. So instead of getting a good percentage, they want to rob people? thank god there was an option to close the account, which I promptly did. I don't get these companies, instead of getting some money ,they jack up the rates to absurd levels on who are usually the poorer and maybe in more debt, so that they can't afford even the basic monthy payment, and they end up getting nothing. Just like the ARM, instead of keeping the rate the same, the jacked them up to the point people couldn't afford it and end up foreclosing.

26.99% is like drop your pants and grab your ankles. here she comes !!!!

 

[uscitizen]

Pay it off and start using cash.

We all remember cash, right?

at least use a debit card ;_; cash/checks are for old people (over 70)

Yeah we oldsters always slow down the checkout line anyway

And as few as a dozen oldsters can make every isle impassable in a Krogers on double coupon day.

 

[namvet]

if you use creditcards.com you can find one with good rewards, no fees, etc. I would never keep one with a yearly fee or 'no-use' fee. it is *not* smart though to just cut up all your cards and stop using credit, your credit score will suffer and if you do hit an emergency and need a qucik loan, you won't be getting it or it will be with a huge interest rate.

BTY I still write checks. just for my utilites. and im well under 70