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Post by TagTeamHunter on Nov 24, 2008 17:30:44 GMT -5
I always pay off my credit card bills (only buy what I have cash on hand for) I use my CC to get reward points. So far it cost me nothing (besides the purchase price) and I get cash point at a National Sporting Goods Chain.
Most CCs have a Grace Period (pay off the balance and no Finance Charges) Well my CC changed the terms; so now no matter if you pay the balance off you still get charged finance charges the moment you make a purchase until it is paid off.
Well I paid off the Balance and I am going to cancel my account. What are they thinking. Called my other CC and they still have a Grace Period and Cash Back Rewards ...
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Post by Sasquatch on Nov 24, 2008 17:42:37 GMT -5
Boy that is stupid. Charge you even if you pay off every month? They have probably decieded it isn't worth keeping us "pay off every month" types around.
You know people like you and I are a hated, little black piece of their finance pie chart. CC companies depend on human nature---charging up a big balance--- to turn a profit. If everybody paid their bills the cc companies would be bankrupt.
Call them and raise hell---they might drop it.
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Post by Woody Williams on Nov 24, 2008 19:04:07 GMT -5
Please name names of which credit card companies that you are talking about.
I always pay mine off fully at month end.. if my card company starts doing that they will lose me real quick.
They still make a healthy profit charging businesses a percentage.
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Post by TagTeamHunter on Nov 24, 2008 19:22:26 GMT -5
It the Dick's Mastercard through GE Finance
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Post by Woody Williams on Nov 24, 2008 19:30:06 GMT -5
It the Dick's Mastercard through GE Finance OK... I'll be sure and never get one of those. Thanks, |
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Post by featherduster on Nov 24, 2008 19:41:35 GMT -5
I use my VISA from SPORTSMANS WAREHOUSE for all my purchases including property taxes,gas both for home and auto,insurance ect. I pay the entire bill every month. no finance charge plus you earn $25.00 for every $2500.00 paid off. GOOD DEAL FROM A GOOD STORE.
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Post by 76chevy on Nov 25, 2008 7:59:58 GMT -5
cc companies must think I'm really stupid, since I don't have a credit card!
even if you pay it off every month, most still spend more when paying with a credit card and it is just a short term financing mechanism
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Post by TagTeamHunter on Nov 25, 2008 12:03:09 GMT -5
cc companies must think I'm really stupid, since I don't have a credit card! even if you pay it off every month, most still spend more when paying with a credit card and it is just a short term financing mechanism actually I download the transaction into program and it help control spending. You know how you are spending money. But no CC is good also. |
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Post by TagTeamHunter on Nov 26, 2008 0:37:48 GMT -5
Well I got the finance charges remove for the current bill. They said it would be a one time thing. Still going to cancel.
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Post by chicobrownbear on Nov 26, 2008 5:05:29 GMT -5
Dave Ramsey FTW.
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