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The Watercooler
Beware the credit card companies!
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<blockquote data-quote="donna723" data-source="post: 313268" data-attributes="member: 1883"><p>Sounds to me like they're taking a big gamble! The amount of money they will make by raising their rates so drastically vs. how many customers they will lose! <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite4" alt=":mad:" title="Mad :mad:" loading="lazy" data-shortname=":mad:" /></p><p>So even if you get a card that seems to have a reasonable interest rate, they can turn around in a month and jack the rate up to whatever they want to? So what they tell you the rate is going to be basically means nothing? Trouble is, there are so many things that you NEED a credit card for ... renting a car, reserving a hotel room, etc. Like some others, I am just out of bankruptcy myself after paying on it for five years. I thought I'd try to get some little card for 'just in case', just to have for the convenience if I needed it. But maybe not!</p></blockquote><p></p>
[QUOTE="donna723, post: 313268, member: 1883"] Sounds to me like they're taking a big gamble! The amount of money they will make by raising their rates so drastically vs. how many customers they will lose! :angry: So even if you get a card that seems to have a reasonable interest rate, they can turn around in a month and jack the rate up to whatever they want to? So what they tell you the rate is going to be basically means nothing? Trouble is, there are so many things that you NEED a credit card for ... renting a car, reserving a hotel room, etc. Like some others, I am just out of bankruptcy myself after paying on it for five years. I thought I'd try to get some little card for 'just in case', just to have for the convenience if I needed it. But maybe not! [/QUOTE]
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Beware the credit card companies!
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