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Old 02-13-2009, 06:06 AM
 
Location: In a chartreuse microbus
3,866 posts, read 5,654,049 times
Reputation: 8078

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Here are two very interesting links for those who think they are immune from the schizophrenic credit card companies and the credit scoring bureaus:

Credit-Card Issuers: Buy Something or Else! at SmartMoney.com


Why the Credit Bureaus Can't Get It Right at SmartMoney.com
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Old 02-13-2009, 12:37 PM
 
Location: southwestern PA
20,419 posts, read 40,939,760 times
Reputation: 39326
IDK - Discover just increased my limit by 2K, and AmEx tripled my husband's limit a few months ago.

I'm still feeling immune....
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Old 02-13-2009, 12:40 PM
 
Location: Montrose, CA
3,031 posts, read 8,346,904 times
Reputation: 1961
Quote:
Originally Posted by Pitt Chick View Post
IDK - Discover just increased my limit by 2K, and AmEx tripled my husband's limit a few months ago.

I'm still feeling immune....
Yeah, me too. But maybe that's because I use my CCs wisely, and always pay more than the minimums (or pay them off completely).
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Old 02-13-2009, 04:29 PM
 
Location: southwestern PA
20,419 posts, read 40,939,760 times
Reputation: 39326
I never carry a balance.
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Old 02-17-2009, 04:58 PM
 
Location: Virginia
931 posts, read 3,565,553 times
Reputation: 447
I disagree. Nothing has changed for me.
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Old 02-17-2009, 11:25 PM
 
Location: So Cal
90 posts, read 515,602 times
Reputation: 105
I had couple cards to reduce my limits drasticly-one from 10000 to 300, another one from 14000 to 2000. One of Amex-es closed my 10000 cc. No lates, no any negatives on my cr. 3 cards (from same company) increased apr to 29.99.
So things are happening.
I wont be surprised if there wont be cc available in couple years.
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Old 02-17-2009, 11:27 PM
 
Location: southern california
61,305 posts, read 79,686,998 times
Reputation: 55458
credit card companies are not mentally ill, those who borrow at 50% interest however are.
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Old 02-17-2009, 11:35 PM
 
Location: So Cal
90 posts, read 515,602 times
Reputation: 105
Quote:
Originally Posted by Huckleberry3911948 View Post
credit card companies are not mentally ill, those who borrow at 50% interest however are.
That's true.
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Old 02-18-2009, 07:46 AM
 
Location: Durham, NC
1,049 posts, read 3,553,628 times
Reputation: 732
I've noticed that weird things have happened lately with credit cards I've just paid off. American Express closed my card, and Capital One raised my husband's interest rate. We've never been late on payments... it just happened as soon as we paid off our balances.
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Old 02-18-2009, 08:22 AM
 
Location: Right where I want to be.
4,507 posts, read 8,350,948 times
Reputation: 3343
I still think I'm immune. We use the card only for gas and an occasional planned purchase, it's paid off every month. Just what can they do to me...cancel the card?? Who cares?? Since I use it only for my convenience (not because I need credit) it would be pretty easy to find another way to pay.
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