Nobody's_Hero
Member
shooter94 said:I've heard the credit card companies are gearing up for the rebates by raising interest rates...
ALready happening.
Capital One just sent me a notice in the mail that my minimum payment was now doubled (from $10 to $20) and the interest rate on cash advances (which I never use anyway) was going up as well.
I've been meaning to get rid of Cap. One for a while, but I had a minor snafu last month on my behalf regarding late payments and I'm holding onto the account (but not adding anything else to the card, which holds no debt at the moment), to make sure all of that little mess I made has been resolved.
This is getting further and futher away from THR topics, but if you guys are interested in debt management, there is an excellent documentary video called "Maxed out" which helps clear up some of the blurry areas of the credit card industry.
In any case, I feel that this is a healthy topic (though misplaced), as many people do not understand debt and we can all learn from the mistakes and experiences of others.