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. |
|
|
Thread Tools | Display Modes |
#61
|
|||
|
|||
Jay Honeck wrote:
One lesser known fact about credit card companies is that they will screw the VENDOR far more readily than they will their customers. has American Express or Diners Club done the same to you? (just curious) We'll never know -- I threw BOTH of them out right after we opened, after they tried to charge us 5% for each transaction. (The other cards -- Visa, Mastercard & Discover -- charge us "only" 4% for the privilege of "working" with them.) Interesting. I wonder if the 5% plus following their own rules (if they do!) might end up costing you less in the long run. Personally, I'm a big believer in not trusting parties that don't follow even their own rules. I always worry that the next "failure" will be bigger than any before. - Andrew |
#62
|
|||
|
|||
Discover is nasty about this. My ex is in debt up to her @$$. One card is a
Discover. Cash advances were at a horrific 20-30%. Purchases were lower, but still in high teens. Majority of balance was purchases. She had money to pay off the cash advance portion, since that was eating her alive. Dickscover wouldn't allow it. "Pay off the purchase balance first, then you can pay off the cash advance portion". She wont have the purchase stuff paid off for years. Great income for Dickscover. Now, I have a Discover too, but I never put a charge on it that I cannot pay off in full. Never. Ever. I'll take out a loan at my bank first. Whew, I feel better. Now, where's them leftovers.... "BTIZ" wrote in message news:48qpd.146702$bk1.38982@fed1read05... I've noticed that also, all balances were paid in full, and I only use the AOPA card for aviation purposes to get the 5% rebate and then pay in full. And yet the rate goes up on recurring balances, while they offer 4% transfer credit. Read the fine print, any payments made pay off the lower interest rate debt first while the higher "revolving balance" interest rate continues to accrue. Some companies do apply payments equally to all debt at different rates based on the ratio on each debt. BT "RS" wrote in message news:m3opd.97109$5K2.54232@attbi_s03... If you have an AOPA/MBNA credit card then you should check the APR on your last statements. MBNA has been raising the APR on AOPA cardholders, even if you pay on time. So check your credit card statements and call AOPA credit card services to complain. And also call MBNA to drop the rate back down. |
#63
|
|||
|
|||
"Paul Tomblin" wrote in message ... In a previous article, "RS" said: If you have an AOPA/MBNA credit card then you should check the APR on your last statements. MBNA has been raising the APR on AOPA cardholders, even if you pay on time. Anybody who carries a balance on any credit card is an idiot or a sucker. The credit card companies hate me because I haven't paid a cent of interest to any of them in 3 years. I get about 5 envelopes full of Visa checks every month (as well as come-ons for new cards) because they want to sucker me into that debt cycle. They dont hate you they love you. They still get 2-3 pecent from the company you used the credit card on. I do the same thing I buy everything on a credit card. That way it is insured (somewhat) and I have a record. I pay them off every month. I also have GMC card and when I buy a new car you can get up to 3000.00 off the price of the car. -- Paul Tomblin http://xcski.com/blogs/pt/ Microsoft - Where quality is job 1.0.1 |
#64
|
|||
|
|||
Matt Whiting wrote in
: Mike V. wrote: Snip ... The unknown downside is that this passive approach likely would have encouraged more 9/11 like attacks and the cost of them would have been horrendous. Matt Your presumption is that there will not be anymore 9/11 like attacks. In fact, both before and after 9/11/2001, there have been many Al Qaeda sponsored terrorist attacks. See http://www.infoplease.com/ipa/A0884893.html In the 8 years between 1993 and 9/11/2001, there were 5 Al-Qaeda sponsored terrorist attacks on US properties (including the 1993 bombing of WTC, but not including the attack in Seattle that was foiled). None of those properties were actually here on the MainLand. In the 3 years between 9/11/2001 and today, there have been 15 Al-Qaeda sponsored attacks, 3 of which were directly on Americans or American properties (not including the Shoe Bomber who was foiled). Of course, none of them has been on the MainLand either. Statements like yours seem to be founded on some fantasy that the Bush approach - our presence in Iraq and Afghanistan - has somehow discouraged and curtailed terrorist attacks. The unfortunate reality is that it clearly has not. And only time will tell whether they will be able to deliver another attack on our MainLand again. It is unclear what effect ANY other strategy would have had on terrorism - whether more or less aggressive than Bush's. But make no mistake. Terrorist attacks on the US are not DOWN as a result of Bush's tactics... |
#65
|
|||
|
|||
"RS" wrote in news:XVspd.565691$mD.442744@attbi_s02:
snip What would you do if they hiked the APR on your auto or home loan just because they felt like it, even if you had a perfect payment history? Well, that's what the credit card companys are doing now - they are changing the rules mid-stream. Credit is credit - regardless what it is for. You guys on your high moral horses about paying credit cards off every month do not impress me (unless you have zero credit - no home, auto, commercial loans at all). I would immediately refinance with a company that offered a fixed rate mortgage. Just the same way that I don't have an AOPA credit card - but if I did, and they jacked up my rate, I would take one of the many 0% balance transfer offers and transfer the balance to a card that was not involved in usury. |
#66
|
|||
|
|||
In a previous article, "aluckyguess" said:
"Paul Tomblin" wrote in message ... The credit card companies hate me because I haven't paid a cent of interest to any of them in 3 years. I get about 5 envelopes full of Visa They dont hate you they love you. They still get 2-3 pecent from the company No, they hate me. Do you know what I read in the newspaper a couple of days ago? That credit card companies refer to people who don't carry a balance and who don't pay interest as "dead beats". On the other hand, the guys running up huge debts that they'll probably never pay off are the people they love - they'll get 4 or 5 times the actual debt in interest payments, and then sue the person's estate when they die. -- Paul Tomblin http://xcski.com/blogs/pt/ I once successfully declined a departmental retreat, saying that on that day I planned instead to advance. -- Alan J. Rosenthal |
#67
|
|||
|
|||
"Judah" wrote Just the same way that I don't have an AOPA credit card - but if I did, and they jacked up my rate, I would take one of the many 0% balance transfer offers and transfer the balance to a card that was not involved in usury. $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ If you call the bank that has the account, and tell them you will be closing your account if they do not match the other card's going rates, chances are they will lower your rate to match. Try it and see. It has worked for me in the past. (not the AOPA card, but all companies want your business) -- Jim in NC --- Outgoing mail is certified Virus Free. Checked by AVG anti-virus system (http://www.grisoft.com). Version: 6.0.799 / Virus Database: 543 - Release Date: 11/19/2004 |
#68
|
|||
|
|||
"RS" wrote in message news:XVspd.565691$mD.442744@attbi_s02... "Jay Honeck" wrote in message news:3Lspd.391816$wV.73568@attbi_s54... 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. What then, Mr Clever Guy? I'm not following you. If you pay "on time, every time" -- credit card companies CAN'T charge you any interest. What would you do if they hiked the APR on your auto or home loan just because they felt like it, even if you had a perfect payment history? Well, that's what the credit card companys are doing now - they are changing the rules mid-stream. Credit is credit - regardless what it is for. You guys on your high moral horses about paying credit cards off every month do not impress me (unless you have zero credit - no home, auto, commercial loans at all). You are truly ignorant. Most secured loans have fixed rates and fixed time periods. You should read your credit card agreements. If you think you can do better, then by all means start a money lending business. Otherwise, keep your mouth shut and take your whining elsewhere. If you really feel wronged, cancel the card and take your business elsewhere. |
#69
|
|||
|
|||
"Matt Whiting" wrote in message ... Jay Honeck wrote: 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. We haven't paid a nickel of credit card interest since 1985 -- and that was to pay for our wedding. (And I've felt stupid about paying *that* ever since.) The ONLY valid reason to use a credit card is to consolidate all of your bills into one easily payable check each month. Actually, there are lots of other valid reasons. One is that in many places you can't do things like rent a car without plastic. Many car rental places won't take cash. Matt So you pay the bill off when you get it. Get it? |
#70
|
|||
|
|||
"RS" wrote in news:m3opd.97109$5K2.54232@attbi_s03:
If you have an AOPA/MBNA credit card then you should check the APR on your last statements. MBNA has been raising the APR on AOPA cardholders, even if you pay on time. Even if you pay on time? I always paid each month in full and was never charged a red cent. Do you have a reference to back up your claim? |
Thread Tools | |
Display Modes | |
|
|
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 |