Forums
New posts
Search forums
What's new
New posts
New profile posts
Latest activity
Internet Search
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Forums
General Discussions
The Watercooler
Beware the credit card companies!
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="slsh" data-source="post: 313275" data-attributes="member: 8"><p>Witz, you make a good point. Though I have to say, for a good 18 years of those 25, I carried a pretty good balance with- them, LOL. They made their money. </p><p> </p><p>on the other hand, they're playing with fire, just like the mortgage companies did the last several years, in my humble opinion. If they get rid of enough good (or as you point out, "bad") customers, they're going to have to start dealing with- more bad debts. At some point, the costs involved in collecting those bad debts are going to cut into their bottom line. Meanwhile, the good/bad customers who use their cards for emergencies are going to be giving their business to someone else. And I gotta tell you - I hold a heck of a grudge. <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite2" alt=";)" title="Wink ;)" loading="lazy" data-shortname=";)" /> This particular company does much more than just credit cards. Pigs will be flying before I ever do business with- them again. </p><p> </p><p>Nothing like being penalized for being a reponsible person.</p></blockquote><p></p>
[QUOTE="slsh, post: 313275, member: 8"] Witz, you make a good point. Though I have to say, for a good 18 years of those 25, I carried a pretty good balance with- them, LOL. They made their money. on the other hand, they're playing with fire, just like the mortgage companies did the last several years, in my humble opinion. If they get rid of enough good (or as you point out, "bad") customers, they're going to have to start dealing with- more bad debts. At some point, the costs involved in collecting those bad debts are going to cut into their bottom line. Meanwhile, the good/bad customers who use their cards for emergencies are going to be giving their business to someone else. And I gotta tell you - I hold a heck of a grudge. ;) This particular company does much more than just credit cards. Pigs will be flying before I ever do business with- them again. Nothing like being penalized for being a reponsible person. [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
General Discussions
The Watercooler
Beware the credit card companies!
Top