This is what they say about annual fees:
$0 the first year and every year that you charge at least one purchase to the account.
Otherwise
Classic: $20
Platinum: $40
... I've made purchaces. In fact, I currently have 400 some odd dollars of purchaces on said card. And they charged me the fee anyway! O.x And they charged my intrest after that, so it was higher then it would have been if they hadn't added it.
Am I reading it wrong? I've only had my cred card for a year, and I've used it at least once a month, every month.
I'm very proud of myself for that.
quote:
Gikk probably says this to all the girls:
I've never been late. ^_^I'm very proud of myself for that.
All I can guess then is there is something in fine print that they are nailing you with. IF not, call them and ask them to clarify the charge for you.
Just.. argh. They are very nice about fixing whenever they mess up, but they mess up an awful lot.
they will use any excuse to charge you a insane interest rate. for instance they might review your credit file and decide your debit to income ratio is to high and then say you have a higher risk of defualt than when we extended you credit therefore we will charge you more.
dont ever be late its the excuse they need even once..to raise your interest rate to the maximum
recently one of the cards i have a balence on was bought by a new bank. i paid the old bank as i was supposed to and that one payment was recived by the new bank 2 days late...althought it was actualy paid early. they then raised the 4.7 interest rate i had (execellent credit) to 19.99
called and complained thye admitted it was their error, HOWEVER had i not noticed it that month it would have been permenete. they hope you dont notice the fine print. I HATE THEM
consolidated all my debt onto 2 cards balences are a bit high becuse i recently purchased a new house and had a child but they are going back down again. is always best to be a CASH customer
I'm very happy with the very low limit I have that I will ALWAYS be able to handle the payments, even if I am at the limit (Payments are 10.00 at my 500 dollar limit)
I never only pay the minumim payment.
And, I have a very nice interest rate, and have had so for a year. my interest rate is somewhere between 10.99 and 12.99, depending on the month - my sister's is 24.99.
They are completely in thier full rights to raise your interest rate for being late. It's your fault you were late. Most credit cards, however, will drop your interest rate back down if you continue to pay on time for 3 to 6 months after the initial lapse.
You have to read all the fine print - it's YOUR fault if you don't. Don't blame them for having it, blame YOU for not reading it. While it is best to be a cash customer, A: most people don't have that amount of cash on hand, B: just TRY getting a home loan or car loan when you have no credit. You'll get worse then if you had a credit card with a low limit and a high interest rate - you'll have a 300,000 morgage with a high interest rate.
Credit cards have thier definate fine points - as long as you use them wisely and A: don't just pay the minumum amount, B: ALWAYS pay your bill on time, and C: always read the fine print.
Oh, and I shouldn't be getting charged from everything I see. If I AM going to be charged, I will dump them. [ 12-03-2003: Message edited by: Gikk ]
gotta build credit in todays world you cant function without it. another good way to get it is.. deposit some cash in a bank then get a personal loan with that deposit as collaterial. make payments for a short time and then pay it off. repeat...
car loans are good to. banks like to see a payment history over time more than revolving charge payment history
Sec, and I'll yank up thier rules.
Terms and conditions for my credit card. [ 12-03-2003: Message edited by: Gikk ]
quote:
A sleep deprived Gikk stammered:
I have a Classic Credit Card from UsBank.This is what they say about annual fees:
$0 the first year and every year that you charge at least one purchase to the account.
Otherwise
Classic: $20
Platinum: $40... I've made purchaces. In fact, I currently have 400 some odd dollars of purchaces on said card. And they charged me the fee anyway! O.x And they charged my intrest after that, so it was higher then it would have been if they hadn't added it.
Am I reading it wrong? I've only had my cred card for a year, and I've used it at least once a month, every month.
They way I read this is... You owe $20 just to have the CC a year, after the first year, due to having a "classic."
Even if you pay your minimum, you still owe them more money, which they can charge interest on... So, I completely see why you owe them extra. The best way to use a credit card, is to pay the full amount each month, or online pay whenever you see money being "owed."
{I could be wrong in the first part, just because I am in a rush and will look again later tonight when I have time}
Since, (of course) I have made purchaces.
Yay for spending!
