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jerseypanda
Life is good.
Member since 1/07 9164 total posts
Name:
Amanda
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DH got a letter in the mail...
Telling him that his APR in his credit card was going to DOUBLE....
JUST BECAUSE!!!! 
He called them and had to spend 40 minutes on the phone, speak to 3 people, threaten to transfer his balance, tell them he will be taking his business elsewhere, for them to agree to only up his APR 3 points instead of doubling it.
Man, this economy sucks! 
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Posted 9/29/08 10:19 AM  |
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HoneyBadger
YourWorstNightmare.
Member since 10/06 15979 total posts
Name:
BahBahBlackJeep
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Re: DH got a letter in the mail...
Ugh, that's horrible. At least he was able to talk them down...
I don't understand the difference between what CC companies do and loan sharking!!!
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| Posted 9/29/08 10:47 AM |
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MST9106
My life:)
Member since 6/06 9589 total posts
Name:
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Re: DH got a letter in the mail...
I called the other day to lower mine and they told me that there weren't any lower rates available...I transferred my balance to a 0% card that same day....they are going to get higher and I am not risking it.
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| Posted 9/29/08 11:36 AM |
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ave1024
I Took The Wrong Road
Member since 12/07 6153 total posts
Name:
That Led To The Wrong Tendencies
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Re: DH got a letter in the mail...
So take your business elsewhere. I wouldn't bother with these people when there are tons of 0% credit cards offers out there.
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| Posted 9/29/08 11:46 AM |
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Aga
hello baby Albert
Member since 9/05 7750 total posts
Name:
Aga
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Re: DH got a letter in the mail...
I received a similar letter from WAMU Visa few months ago... it said that if I didnt respond in writing that they would raise my APR, very sneaky if you ask me... so I cancelled the card...
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| Posted 9/29/08 11:53 AM |
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MeNBobs
*****
Member since 4/07 3765 total posts
Name:
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Re: DH got a letter in the mail...
Posted by ave1024
So take your business elsewhere. I wouldn't bother with these people when there are tons of 0% credit cards offers out there.
Which 0% cc offers do you think are the best right now?
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| Posted 9/29/08 12:00 PM |
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jerseypanda
Life is good.
Member since 1/07 9164 total posts
Name:
Amanda
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Re: DH got a letter in the mail...
Posted by ave1024
So take your business elsewhere. I wouldn't bother with these people when there are tons of 0% credit cards offers out there.
That was a thought, but most of the 0% credit cards have APR's that will eventually go up to something much higher. DH is almost done paying this card off, so he is going to deal for the next month or 2. The APR he arranged with them is still pretty low.
It's just frustrating because he has a perfect record with this company and they are just raising rates because they can.
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| Posted 9/29/08 12:04 PM |
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MST9106
My life:)
Member since 6/06 9589 total posts
Name:
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Re: DH got a letter in the mail...
Posted by MeNBobs
Posted by ave1024
So take your business elsewhere. I wouldn't bother with these people when there are tons of 0% credit cards offers out there.
Which 0% cc offers do you think are the best right now?
Citibank
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| Posted 9/29/08 12:05 PM |
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jerseypanda
Life is good.
Member since 1/07 9164 total posts
Name:
Amanda
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Re: DH got a letter in the mail...
Posted by MST9106
Posted by MeNBobs
Posted by ave1024
So take your business elsewhere. I wouldn't bother with these people when there are tons of 0% credit cards offers out there.
Which 0% cc offers do you think are the best right now?
Citibank
 This is actually the company who sent DH the letter about doubling his APR!!!
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| Posted 9/29/08 12:12 PM |
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Aries14
Can't plan life...
Member since 8/08 2860 total posts
Name:
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Re: DH got a letter in the mail...
My citibank card just raised mine as well. I just got done appling for a HSBC visa card with 0% apr offer. I don't like citibank. I don't think they are fair. My husband and I both got the same card at the same time (we were not married yet) and both pay the bill on time every month - no difference. But they raised his credit limit, never once raised mine AND raised my APR for no reason and his went down a little. ***!!! We even have the same credit score, one point off.
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| Posted 9/29/08 12:25 PM |
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HoneyBadger
YourWorstNightmare.
Member since 10/06 15979 total posts
Name:
BahBahBlackJeep
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Re: DH got a letter in the mail...
Posted by MeNBobs
Posted by ave1024
So take your business elsewhere. I wouldn't bother with these people when there are tons of 0% credit cards offers out there.
Which 0% cc offers do you think are the best right now?
Check out AMEX Blue. I'm not sure if they're still offering 0% but I do know they have 3.9 FIXED which is really good.
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| Posted 9/29/08 12:32 PM |
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MsMBV
:P
Member since 5/05 28602 total posts
Name:
Me
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Re: DH got a letter in the mail...
Posted by ave1024
So take your business elsewhere. I wouldn't bother with these people when there are tons of 0% credit cards offers out there.
ITA.
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| Posted 9/29/08 12:40 PM |
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DanandNette
Love my baby boy!
Member since 9/08 2830 total posts
Name:
Jennette
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Re: DH got a letter in the mail...
I just transferred my balance to a Visa Disney rewards card. They offered 0% on the balance for 15 months, and then I can earn points from purchases towards Disney! WHOO HOO!
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| Posted 9/29/08 12:43 PM |
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ave1024
I Took The Wrong Road
Member since 12/07 6153 total posts
Name:
That Led To The Wrong Tendencies
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Re: DH got a letter in the mail...
I was going to say Citibank too.
Doesn't matter. You can still apply for another Citi card that has a 0% offer. If you get approved... BT the money over.
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| Posted 9/29/08 12:43 PM |
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Jessica511
LIF Infant
Member since 4/08 248 total posts
Name:
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Re: DH got a letter in the mail...
Posted by ave1024
I was going to say Citibank too.
Doesn't matter. You can still apply for another Citi card that has a 0% offer. If you get approved... BT the money over.
Actually, you can't transfer a balance from a Citi card to a different Citi card. This goes for all banks. You can not transfer balances to cards under the same bank.
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| Posted 9/29/08 12:53 PM |
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luckysmom
Yes it is! Going as planned:)
Member since 6/07 5339 total posts
Name:
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Re: DH got a letter in the mail...
They doubled my APR too. Yet DH has a citi card and his rate is still at 8%. I don't want to cancell the card because they say it is not good for your credit to cancell a card you have had for a long time. And i have an almost perfect credit score so i am very anal about it. I just stopped using that card and started using my other credit card that went down to 8% like 6 months ago.
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| Posted 9/29/08 1:20 PM |
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