Posted: 5/24/2010 3:34:14 PM EDT
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Started off at 18% APR when I was 18 years old. Then down to 9, then 6. Got a new card today in the mail, my low rate has expired, my new rate is 18.9. When I asked if anything negative was reported, "no, these are the current rates." Checked my credit-great. Anyone else have this problem with them?
I already told them to cancel it. 18.9 is for the birds. |
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Yea, they are all doing it, and Citi is the worse......
I had a Sears Card (Citi) and they raised my rate to like 28 or something.... I didn't even realize it until I got a call from them that I was past due and they wanted to 'help' me. (ETA: I had it set up with an automatic payment) They were going to waive the penalty fee if I gave them access to my bank account..... I laughed at them, cancelled the account and payed off the balance. They got mad when I asked how much interest they were paying on the bail-out money they got....... I now have a Jihad against Citi and Sears. 
Making me get off my a@@ and get out of debt. 
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About after my CapOne card went up, I called them and got it lowered back down to what it originally was.
Might as well try before you cancel the card and get your credit rating dinged. BTW, a few companies like CitiCard will cancel your account if it doesn't have any activity or carry a minimum balance for a specified period of time. mm |
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Capitol one = dry anal rape. Credit cards can be used and some Of them are bad idea. I have never seen one as bad as Capitol one. The shit they pull should be illegal. I've had more trouble with a BofA card I used to have. My due date when I got the BofA card was 28th of the month, after about a year they changed it to the 12th of the month. So, after that first month I was late even with the automatic payments....interest rate went from 8.9% to 24.99%. I caught it about 2 months after they changed the date. The most they would lower the rate was down to 12.99%....I went ahead and paid off the balance, let the card be inactive for 2 months with no balance and then cancelled. 3 months later I received a bill for $150+ for "interest". The $150 never showed up on a credit report, went round and round with them...they sold to a collection agency, which sold to another, which sold to another....still has not shown up on any credit report. mm |
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If you pay off the entire balance every month, they treat you a lot nicer. Pay off nearly the entire balance. Keep about $10 on rotation. Your credit score is actually lower if you pay off your credit card bills in full each month. (Yes that is retarded to penalize people for being smart, but that IS the way it is) BIGGER_HAMMER 
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If you pay off the entire balance every month, they treat you a lot nicer. Pay off nearly the entire balance. Keep about $10 on rotation. Your credit score is actually lower if you pay off your credit card bills in full each month. (Yes that is retarded to penalize people for being smart, but that IS the way it is) BIGGER_HAMMER  
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If you pay off the entire balance, they won't like you because they are not gouging your eyes out with that steep Steep STEEP interest rate.
Best way to play is to use the card, pay down all but a tiny amount ($10 or $20 worth) then charge up again and pay down again. your FICO score has a negative impact if you pay your full balance each month (you get + points for having a rotating balance) Stupid as all get out to penalize people who are smart and responsible and pay their balance in full, but that is the game we have to play these days. BIGGER_HAMMER
P.S. - Capital One can suck donkey balls! |
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If you pay off the entire balance, they won't like you because they are not gouging your eyes out with that steep Steep STEEP interest rate. Best way to play is to use the card, pay down all but a tiny amount ($10 or $20 worth) then charge up again and pay down again. your FICO score has a negative impact if you pay your full balance each month (you get + points for having a rotating balance) Stupid as all get out to penalize people who are smart and responsible and pay their balance in full, but that is the game we have to play these days. BIGGER_HAMMER
P.S. - Capital One can suck donkey balls! I agree Capital One sucks but your method is ridiculous. I've been paying off balances every month for the past 15 years. I've never once had a carryover to the next month. Last I checked my credit score was 820. Then again I really don't give a shit what my FICO number is anyway; I believe in paying people that I'm indebted to. |
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If you pay off the entire balance, they won't like you They call that freeriding and no they don't like it. Basically you use the banks money for a month and they don't make a dime. The banks suck they through their own ineptness and greed are now trying to squeeze every nickle they can out of everybody. They are in the hurt locker with the slow economy. The bank is not your friend. A good FICO score is not something to aspire to. If you don't use credit you don't need a FICO score.
Wait I wasn't through. They are charging unreal interest on credit cards and loans and paying depositors a rate of .5 to 1.7 percent. It amounts to legalized robbery. |
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If you pay off the entire balance, they won't like you because they are not gouging your eyes out with that steep Steep STEEP interest rate. Best way to play is to use the card, pay down all but a tiny amount ($10 or $20 worth) then charge up again and pay down again. your FICO score has a negative impact if you pay your full balance each month (you get + points for having a rotating balance) Stupid as all get out to penalize people who are smart and responsible and pay their balance in full, but that is the game we have to play these days. BIGGER_HAMMER
P.S. - Capital One can suck donkey balls! I agree Capital One sucks but your method is ridiculous. I've been paying off balances every month for the past 15 years. I've never once had a carryover to the next month. Last I checked my credit score was 820. Then again I really don't give a shit what my FICO number is anyway; I believe in paying people that I'm indebted to. Yep I have to 2nd this as well. I travel alot and can charge over $5,000.00 a month on my credit cards. I pay it off every month. I have not paid any interest in 10 years or so. My credit score is also over 800. |
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If you pay off the entire balance, they won't like you They call that freeriding and no they don't like it. Basically you use the banks money for a month and they don't make a dime.Every time you use your credit card, the bank gets a percentage of whatever amount you spend - even if you pay off your entire balance every month. |
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My personal goal is a credit score of '0'. 
it was a bitch to buy a car, and it will be hell to get a loan on a house gee, I already have a house and don't plan to move and last truck I bought.... they took cash.  (believe it or not)
I also have a 20yr relationship with my bank and they never seem unwilling to offer me loans. My credit score is not 0 right now... but I am hoping once I pay off and cancel the last of the credit cards..... |
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Started off at 18% APR when I was 18 years old. Then down to 9, then 6. Got a new card today in the mail, my low rate has expired, my new rate is 18.9. When I asked if anything negative was reported, "no, these are the current rates." Checked my credit-great. Anyone else have this problem with them? I already told them to cancel it. 18.9 is for the birds. I went from 4.99% to 13.99%. Just paying it off and going to cash. By the end of the year I will no longer be using their card. |
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If you pay off the entire balance, they won't like you because they are not gouging your eyes out with that steep Steep STEEP interest rate. Best way to play is to use the card, pay down all but a tiny amount ($10 or $20 worth) then charge up again and pay down again. your FICO score has a negative impact if you pay your full balance each month (you get + points for having a rotating balance) Stupid as all get out to penalize people who are smart and responsible and pay their balance in full, but that is the game we have to play these days. BIGGER_HAMMER
P.S. - Capital One can suck donkey balls! I agree Capital One sucks but your method is ridiculous. I've been paying off balances every month for the past 15 years. I've never once had a carryover to the next month. Last I checked my credit score was 820. Then again I really don't give a shit what my FICO number is anyway; I believe in paying people that I'm indebted to. Little bit testy there Sparkey, the method as stated is correct, sorry you don't like it. You don't care about your score? That's cool. Some people need the help. Have a great day |
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I'm about to have a huge fight with Capital One in the next couple of days over them moving my due date up 19 days. I got a mastercard from my credit union. No changing due dates or raising of interest rates. There's like a billion banks out there issuing cards. If you're not happy with the one you have now. Kick 'em to the curb and get another. Don't feel bad about doing it, because, if they get the chance, they will do it to you in a heartbeat. |
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If you pay off the entire balance, they won't like you because they are not gouging your eyes out with that steep Steep STEEP interest rate. Best way to play is to use the card, pay down all but a tiny amount ($10 or $20 worth) then charge up again and pay down again. your FICO score has a negative impact if you pay your full balance each month (you get + points for having a rotating balance) Stupid as all get out to penalize people who are smart and responsible and pay their balance in full, but that is the game we have to play these days. BIGGER_HAMMER
P.S. - Capital One can suck donkey balls! I agree Capital One sucks but your method is ridiculous. I've been paying off balances every month for the past 15 years. I've never once had a carryover to the next month. Last I checked my credit score was 820. Then again I really don't give a shit what my FICO number is anyway; I believe in paying people that I'm indebted to. Little bit testy there Sparkey, the method as stated is correct, sorry you don't like it. You don't care about your score? That's cool. Some people need the help. Have a great day didn't say it made sense, but that IS the way that FICO credit scoring game works. Also if you cancel accounts or credit cards that you don't use or have kept a zero balance on, you also get dinged. Credit makes the world go round these days, if yours is not "good", then you will be getting it up the "back pipe" good... B.T.W. - every time someone came into the community to tell me how they were going to purchase their home for cash, they were 98% B.S. (as in they had bad credit and turns out they didn't have cash either - Humm imagine that someone who doesn't keep up with paying their bills is also the person who doesn't have a large stash of cash... If some rich relative died and left you a fortune, or you won the lottery, then good for you. However the majority of people in the real world end up with some credit in their lives and it is important to manage that well. Just my .02 cents BIGGER_HAMMER
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I looked at their website and it only shows shitty rates. I like my Cabelas card better anyways. I tend to carry a small balance for a few months and pay it off. Works great for me-my score is high enough to get what I need. Quoted:
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Started off at 18% APR when I was 18 years old. Then down to 9, then 6. Got a new card today in the mail, my low rate has expired, my new rate is 18.9. When I asked if anything negative was reported, "no, these are the current rates." Checked my credit-great. Anyone else have this problem with them? I already told them to cancel it. 18.9 is for the birds. I went from 4.99% to 13.99%. Just paying it off and going to cash. By the end of the year I will no longer be using their card. Posted Via AR15.Com Mobile |
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My personal goal is a credit score of '0'.
it was a bitch to buy a car, and it will be hell to get a loan on a house Pay cash. 
Or find a lender that uses manual-underwriting if cash for the house isn't an option... I haven't checked my credit score in years and couldn't care what it is at this point. If the mega-banks only do fico based loans, I'll find a different lender to do business with. |