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Location: The Chatterdome in La La Land, CaliFUNia
39,031 posts, read 23,049,808 times
Reputation: 36027
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Quote:
Originally Posted by AeroGuyDC
Funny you mention that...I received a similar invitation from American Express telling me that I had reached Platinum status. I was pretty excited too because, coming from American Express, there was some level of credit-achievment behind it. That is, until I too found out that the annual fee was $425. LOL Needless to say, I kept my Gold AmEx (put all my monthly expenditures on it and pay it off each month.) I seriously could not find a worthy cost/benefit to switch to the Platinum card.
I'm a little clueless here but what is the difference (other than the ridiculous annual fee you quoted) between the gold and platinum? I refuse to sign up for any card with an annual fee.
Location: The Chatterdome in La La Land, CaliFUNia
39,031 posts, read 23,049,808 times
Reputation: 36027
Quote:
Originally Posted by oscottscotto
I got an offer for a "Black Card" yesterday (for those who know what that is). Was excited until I read an annual fee of $495 for the privelege of using this "prestigious" card lol. Sent a note back that said, "$500 to use? No thanks. I'll stick with my 'lowlife' credit cards."
What's a "black card" and why on earth would ANYONE pay that ridiculous annual fee for the "priviledge" of having one?
I'm a little clueless here but what is the difference (other than the ridiculous annual fee you quoted) between the gold and platinum? I refuse to sign up for any card with an annual fee.
Apparently the travel privileges/points accrual system is alot more aggressive. It was appealing, but not $425 worth of appeal.
Yes, I called you dishonest, and then you come here and prove you are dishonest.
I dont see in your posting where you backed up your argument that it was about encouraging responsibility. Your posting quotes Obama saying it was to lessen the burden of interest, not about responsibility...
Because conservatives posted time and time again that the ONLY possible outcome from the obama legislation would be higher fees, and you guys all said we were crazy. Stop being dishonest and admit you were wrong..
You seem to think that the fact that life isnt black and white/seeing all sides = dishonest; no wonder you're so constantly angry. Usurious credit card rates and fees retard spending. We need people to be able to spend. But if rates are high people will think twice about using credit cards. = encourages responsible fin mgmt decisions.
See?
Since you like to go looking for my posts, please fetch and carry back the one where I said "you guys are crazy". (Concerning credit cards.)
Reminder that this legislation takes effect tomorrow.. But I just heard an interesting fact. Business credit cards are not protectedby the changes. odd.. Why would business cards be exempt?
Another perfect example of the unintended (some might say intended) consequences of liberal ideas - they NEVER turn out the way they are supposed to and it is always to the detriment of the American people.
I do have perfect credit. CitiBank has implemented this new interest rate indiscriminantly. I had heard of others having their interest rates raised to 29.99%, and was surprised that mine wasn't raised as well. Then one day I received the letter in the mail. I wouldn't hold your breath if you have a CitiBank card. Chances are, your rate increase is on its way. The only thing that I can think of that may delay an increase to your card is if you used the card often and they actually do make money off of you. I rarely carry a balance, so they never really made a whole lot off of me anyway. My guess is that they see the risk of me closing the account due to an increase in interest a worthwhile venture.
I use Citi and my statement says that for purchases my APR is 16.99 but if I make a late payment... it will go up to 29.99.
There may have been an error made by them concerning your account.
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For a bunch of bootstrappy self-starting libertarian entrepeneurs
