Credit Cards Companies SUCK
Posted by swobodasays on September 18, 2009
They say our economy is in trouble, they say that americans need to start spending again to get the economy back on track, and YET another Credit Card Co – MACY’S -raises its %rates to get this……26% SERIOUSLY 26% and if you don’t want to pay it and OPT OUT they close your account.
I was never late and always paid MORE then the minimum …
Hmmm kinda sounds like extortion to me, but wadda do I know I am just a consumer who just opted out, so no only do they lose me as a customer they lose me as a FUTURE customer also.
This is the second card I have that has raised my rates or “allowed” me to opt out, of course that means they close my account.
I really don’t see an end in site, so hey GOVERNMENT, you know that extra spending you want me to do, talk to the Credit Card Co’s, cause as of right now I am DECREASING my spending even more.
Hey credit card companies, you know that increased in credit card usage at christmas time?? It ain’t gonna happen for you this year. Since you CLOSED my account I will either go elsewhere for my credit needs or scale down, either way you aren’t getting ANY of my future business.
I REFUSE TO BE PENALIZED BECAUSE BANKS AND CREDIT CARD COMPANIES ARE UNWILLING TO ACCEPT LOSES CAUSED BY THEIR FAILURES TO VERIFY THEIR CUSTOMERS ARE CREDIT WORTHY.
I REFUSE TO BE PENALIZED FOR THE BAD BUSINESS PRACTICES OF LARGE COMPANIES.
I REFUSE TO BE PENALIZED FOR THOSE WHO CAN’T OR WON’T PAY THEIR BILLS ON TIME.
I REFUSE TO BE PENALIZED FOR ALL THOSE WHO HAVE OVER EXTENDED THEMSELVES AND GONE BK.
SCREW YOU!!! I WORK HARD FOR MY CREDIT SCORES 731/744 I WILL DO WITHOUT BEFORE I GIVE YOU ANYMORE OF MY BUSINESS!!
Tnelson said
I don’t usually reply to posts but I will in this case, great info…I will add a backlink and bookmark your site. Keep up the good work!
Sharon said
Isn’t it ironic that the same month all of the letters raising interests to INSANE USURY rates, they said that consumer spending is down? hmmmmmmm get the credit cards are too stupid to see that. Citibank Sears card raised my rates to 29.99 PLUS prime rate. I called about it and the guy on the phone was stupid enough to tell me that they “had to raise rates to be competitive”…. Well they aren’t too competitive seeing as how I transferred my entire balance to another lower interest card and cut up the card! Won’t be spending any money at Sears this holiday season! LOL
swobodasays said
Exactly! They think we don’t get it (%), but we do, and so they won’t ($)!
RobD said
I don’t usually reply to posts but I will in this case, great info…I will add a backlink and bookmark your site. Keep up the good work!
swobodasays said
Thanks, glad to help, I get in debt all by myself just fine, I don’t need any “help”.