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Credit Card Rates---WTF!!!!!!!!!!!

Discussion in 'Other Off Topic Forum' started by 285ferrari, Jan 19, 2006.

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  1. 285ferrari

    285ferrari Two Time F1 World Champ
    Sponsor

    Sep 11, 2004
    20,965
    MD and NE
    Full Name:
    Robbie
    #1 285ferrari, Jan 19, 2006
    My credit card rate has risen from a fixed 3.99% in 2004 to 7.25% as of today. I pay a annual fee to keep it lower. I have a credit score of well over 700, own my own home, never had a late payment with any bills. Is this the norm or are there better rates than this. I usually keep a balance-more than I would like to, but this is ridiculous. Called the company today(Chase)-they tell me the rate follows the PRIME rate and I can go with a no-annual fee rate of 8.99%---WTF!!!
     
  2. RacerX_GTO

    RacerX_GTO F1 World Champ
    Silver Subscribed

    Nov 2, 2003
    14,777
    Oregon
    Full Name:
    Gabe V.
    #2 RacerX_GTO, Jan 19, 2006
  3. jimwalking

    jimwalking Formula Junior

    Jan 3, 2006
    489
    #3 jimwalking, Jan 19, 2006
    They just provide the rope, only you can hang yourself with it. You can change companies constantly with their teaser introductory rates. If I cannot pay the bill the day I receive it, I do not purchase the item. My philosophy is "it isn't on sale" if I have to pay interest.
     
  4. SrfCity

    SrfCity F1 World Champ

    Nov 1, 2003
    10,142
    Orange County, CA
    #4 SrfCity, Jan 19, 2006
    The only way to stay ahead of the game with these guys is to pay them off every month. If you get mileage for purchases then it's even better.
     
  5. Buzz48317

    Buzz48317 F1 Rookie

    Dec 5, 2005
    2,862
    Shelby Twp., MI
    Full Name:
    Michael
    #5 Buzz48317, Jan 19, 2006
    Everyone offers the teaser rates. Just go with the next one to send an offer to your house. Discover has been trying to get me back as a customer for the last year and a half...screw them by the way...there is always someone willing to give you 0%....I haven't paid a dime in interest in 5 years and I have carried a balance on my card. You just need to flip them from card to card every six months or so.

    The easiest way is to pay them off though.
     

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