On Sep 25, 12:45*pm, Phisherman wrote:
On Thu, 24 Sep 2009 11:34:33 -0700 (PDT), N8N
wrote:





On Sep 24, 2:11*pm, Phisherman wrote:
On Thu, 24 Sep 2009 13:31:37 -0400, "Stormin Mormon"

wrote:
Aparently, B of A is changing personality. Just got a
letter, that my promotional rate was going up as high
possibly as 27%. And that I needed to call the number, and
tell them to reject the rate increase.

I did so. But, since when is it my reponsibility to tell
them to keep their word?

Dump them. *There are better banks with better rates, unless you got
to have the marble counters and high ceilings. *You got lucky on this
one, the choices are great unlike medical insurance companies.

They are? *Far as I can tell banks are pretty much all the same, esp.
when it comes to credit cards. *I've gotten similar letters from all
issuers of my credit cards. *My credit is excellent, the only negative
that I can think of is that I bought a house a few years back so I
have more debt than I used to (but I also pay off my cards every month
and have money in savings and pay all my bills on time.)

Jacking up the interest rates like this just encourages me to not use
credit, at least anything other than just as a convenience that is
essentially treated like a checking account and is paid off every
month. *I'll be damned if I'll pay more than 10% interest on anything.

nate

Charge only the amount you can pay IN FULL each month, and no more. If
you stop using credit your credit score decreases. *If you stop using
the card cancel the account. * You are in control, not the bank.
DiscoverCard has a cash-back program and you don't need a fancy bank
for that one.

That's what I'm doing. I still got rate increases on three different
credit cards.

Only real impact on me is now instead of thinking that if there's
something that I really want that I might be willing to carry a
balance for a month or two, now it's simply not an option. I'm sure
others feel like I do as well. This can only have a depressing effect
on the economy. Something I would be willing to pay 8% interest on, I
might not be willing to pay 18%.

nate