A aviation & planes forum. AviationBanter

If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below.

Go Back   Home » AviationBanter forum » rec.aviation newsgroups » Owning
Site Map Home Register Authors List Search Today's Posts Mark Forums Read Web Partners

AOPA credit card --- WARNING.



 
 
Thread Tools Display Modes
  #1  
Old November 26th 04, 04:58 PM
John Galban
external usenet poster
 
Posts: n/a
Default

"RS" wrote in message news:Bvspd.565639$mD.474111@attbi_s02...
"Jay Honeck" wrote in message
news:%9spd.150672$R05.66688@attbi_s53...
If you have an MBNA credit card, look at your statements...if you like
being screwed by the credit card company then ignore this thread and do
nothing.


You talk like MBNA owes you something. If you don't want to use their
damned card -- don't.

If MBNA charges you 20% interest -- and you're dumb enough to use their
card -- who cares? It's not like there aren't 100 other credit card
companies begging for your business, so either pay the bill off each
month, or tell 'em to take a hike.


Ok. So you also support legalized loan sharking. Fine.


Jay mentioned that he hasn't payed card interest since 1985. It
appears that YOU are the one who supports legalized loan sharking.
You support it with cash out your pocket.


But tell me, what will you do when home, auto and commercial proprerty loan
companies hike their rates just because they feel like it? Even if you pay
on time, every time. All they need to do is lobby hard enough to put it into
law and you are totally screwed.


Not likely (unless you live in Delaware or South Dakota). The
legitimate loan business is pretty well regulated by feds and states.
Credit cards are the dark side of the loan business. Lenders know
that a legitimate, knowledgable borrower would never sign a loan
contract that allowed the lender to jack up interest and/or fees at
their whim. That is exactly what you do when you borrow money on a
card.


What then, Mr Clever Guy?


Jay hasn't paid the loansharks since 1985. You're complaining that
MBNA jacked up your rate (which they have every right to do under your
contract). Who's the clever guy?

John Galban=====N4BQ (PA28-180)
  #2  
Old November 26th 04, 09:23 PM
Mike Rapoport
external usenet poster
 
Posts: n/a
Default


"John Galban" wrote in message
om...
Jay mentioned that he hasn't payed card interest since 1985. It
appears that YOU are the one who supports legalized loan sharking.
You support it with cash out your pocket.


Actually it isn't MBNA that is getting his money...its me! Somebody has to
underwrite my $250 annual rebate and it is people who carry a balance. I
talked to an MBNA manager at AOPA expo and asked him how many cardholders
only used to card to make purchases qualifying for the rebate and not
carrying a balance. He said that it was a "pretty high percentage". The
rate on the card is not just a function of MBNA's cost of funds, it is also
default rate and the cost of paying the cards "perks".

Mike
MU-2


 




Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
AOPA Stall/Spin Study -- Stowell's Review (8,000 words) Rich Stowell Aerobatics 28 January 2nd 09 02:26 PM
For Keith Willshaw... robert arndt Military Aviation 253 July 6th 04 05:18 AM
AOPA Sells-Out California Pilots in Military Airspace Grab? Larry Dighera Instrument Flight Rules 12 April 26th 04 06:12 PM
S-TEC 60-2 audio warning Julian Scarfe Owning 7 March 1st 04 08:11 PM
AOPA and ATC Privatization Chip Jones Instrument Flight Rules 139 November 12th 03 08:26 PM


All times are GMT +1. The time now is 09:39 AM.


Powered by vBulletin® Version 3.6.4
Copyright ©2000 - 2025, Jelsoft Enterprises Ltd.
Copyright ©2004-2025 AviationBanter.
The comments are property of their posters.