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My credit card company is changing the rules.
i got a letter that i assume everyone will get sooner or later. they are not reducing my credit limit, but they are increasing my interest rate by 50%. the killer part is any defaults results in a 29.9% interest rate!!! holy crap. i love the last part that states that i can dispute the changes. they listen, and then close my CC. funny. times are a changing!
i love my company (capital one) because they didnt charge any additional fees when i was running amok in another country. i am going to stash that card away.
do you guys start shopping for a new credit card? or will all the companies be doing the same thing anyways?
cliff
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poof! gone
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