Quote:
Originally Posted by Laneco
Pick up the phone and call them. It is not uncommon for them to waive or reduce the painful changes.
You can also wholly reject the changes. They will stop the charging "priviledges" and you will have to pay your balance off but you will be paying it at the former rate and not at the new revised gouge you in the eyes rate. (read the fine print, that's where I found this and I'm telling my one credit card company to shove it).
angela
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A few months ago I got some sort of similar notice from Capital One about my one and only credit card account.
I've had a good interest rate for a good while, never late on a payment, and usually carried a balance for several months, maybe a year, then I would pay it off - or near off - and start anew.
I couldn't believe the hike in the interest rate they were gonna stick me with.
I called them up, pleaded my case and the good man basically said, "No Soup For You!" before I hung up on him.
I promptly cancelled the account, which I was allowed to do while keeping my old terms.
And the only reason our friends could give me was because of the "type of account and the length of time I had it."
I now keep cash in the debit card account and it works just as well. And, it keeps me from accumilating debt.
Scroom All!
