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Location: The Chatterdome in La La Land, CaliFUNia
39,031 posts, read 23,023,210 times
Reputation: 36027
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Quote:
Originally Posted by Charles in PGI
This is our 4th year with that card. The statement still shows 7.24%.
I had my card for at least FIVE years before they raised my APR ... I no longer trust BOA after they did that to me ... When I called to complain, they even acknowledged the fact that I was a loyal customer who was never late on payments but refused to do anything about the rate increase.
Don't get the CapOne card. Even if you get enough points to purchase a ticket, then they limit the cost of the ticket. So if the ticket cost more than their allowed rate, they won't reimburse your card for their limit. But if the ticket is less than their limit, they cover it and wipe out the points related to it as if you purchased a ticket at their limit. Its much easier to get gift cards instead and sell them through buying agencies and take the money and buy a ticket.
I had my card for at least FIVE years before they raised my APR ... I no longer trust BOA after they did that to me ... When I called to complain, they even acknowledged the fact that I was a loyal customer who was never late on payments but refused to do anything about the rate increase.
We'll start the 5th year in November, I hope/think the rate will stay the same, but if it's not, it will not make any difference to us, since we use cc for points and BoA has yet to make one dime of interest charge from us. We link our checking account with cc, so immediately after each use, we transfer money from checking to cover the purchase entirely, i.e., we treat cc the same as debit card, but with the advantage of points.
A friend just applied for the same card as ours, but his is 14.5% APR.
Location: The Chatterdome in La La Land, CaliFUNia
39,031 posts, read 23,023,210 times
Reputation: 36027
Quote:
Originally Posted by Charles in PGI
We'll start the 5th year in November, I hope/think the rate will stay the same, but if it's not, it will not make any difference to us, since we use cc for points and BoA has yet to make one dime of interest charge from us. We link our checking account with cc, so immediately after each use, we transfer money from checking to cover the purchase entirely, i.e., we treat cc the same as debit card, but with the advantage of points.
A friend just applied for the same card as ours, but his is 14.5% APR.
That's good that you guys are disciplined about paying off the purchases immediately versus allowing interest to accrue. I'm trying to get better but until then, I have to be careful about interest rates. Personally, I felt insulted when they raised my rates as if I were some deadbeat customer.
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