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I got that letter last month. Canceled the card the next day. The service person kept trying to justify it, saying that all the card agencies are doing it, blah blah blah. We never carry a balance and had the car for about 8 years.
Interesting policy... folks who can leave are ones that would make payments and would IMO be good customers. The folks that can't leave and have to accept the terms either have balances that can't be paid off in a month or have no where else to go. So i would think that this policy just increased their risk exponentially. Not sure I understand the theory at all.
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Current: 07 S4 Avant, 06 Volvo S60R
Sold: '74 911, 01 986, 93 Volvo 240
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