Comments on: Credit card legislation http://www.mapgirl.net/mfc/2007/01/29/credit-card-legislation/ Just tidbits about money and finance. Thu, 21 Aug 2008 04:24:22 +0000 http://wordpress.org/?v=2.5 By: moominoid http://www.mapgirl.net/mfc/2007/01/29/credit-card-legislation/#comment-7172 moominoid Thu, 01 Feb 2007 03:36:15 +0000 http://www.mapgirl.net/mfc/2007/01/29/credit-card-legislation/#comment-7172 All cards used to have them but now none I have do... how could someone call themselves a "consumer advocate" and suggest this! All cards used to have them but now none I have do… how could someone call themselves a “consumer advocate” and suggest this!

]]> By: bluntmoney http://www.mapgirl.net/mfc/2007/01/29/credit-card-legislation/#comment-7167 bluntmoney Wed, 31 Jan 2007 23:08:06 +0000 http://www.mapgirl.net/mfc/2007/01/29/credit-card-legislation/#comment-7167 I can't believe that someone actually suggested that with a straight face. It's ridiculous. Maybe credit card companies should pay merchants a monthly dividend instead for giving them access to people that use credit cards. I can’t believe that someone actually suggested that with a straight face. It’s ridiculous.

Maybe credit card companies should pay merchants a monthly dividend instead for giving them access to people that use credit cards.

]]> By: dimes http://www.mapgirl.net/mfc/2007/01/29/credit-card-legislation/#comment-7163 dimes Wed, 31 Jan 2007 16:45:52 +0000 http://www.mapgirl.net/mfc/2007/01/29/credit-card-legislation/#comment-7163 That is bull hockey. Why...? Is there even any incentive to play by the rules anymore? It seems like every time you turn around, if you're doing the right thing, you get punished. If my card starts charging me an annual fee, I'll look for one that doesn't. That is bull hockey. Why…?
Is there even any incentive to play by the rules anymore? It seems like every time you turn around, if you’re doing the right thing, you get punished.
If my card starts charging me an annual fee, I’ll look for one that doesn’t.

]]> By: Mission Debt Freedom http://www.mapgirl.net/mfc/2007/01/29/credit-card-legislation/#comment-7139 Mission Debt Freedom Wed, 31 Jan 2007 01:57:11 +0000 http://www.mapgirl.net/mfc/2007/01/29/credit-card-legislation/#comment-7139 Here's a plan...payoff the stupid things and cut them up! I'm getting rid of mine one at a time for this very reason. I used to work for a credit card company (processor) and I can tell you that a large majority of their time and budget is spent dreaming up ways to bring in addition revenues. Fee hikes, bait and switches, universal defaults...they are all just a way to screw the customer for more money. Here’s a plan…payoff the stupid things and cut them up! I’m getting rid of mine one at a time for this very reason. I used to work for a credit card company (processor) and I can tell you that a large majority of their time and budget is spent dreaming up ways to bring in addition revenues. Fee hikes, bait and switches, universal defaults…they are all just a way to screw the customer for more money.

]]> By: Msminiducky http://www.mapgirl.net/mfc/2007/01/29/credit-card-legislation/#comment-7136 Msminiducky Tue, 30 Jan 2007 22:06:50 +0000 http://www.mapgirl.net/mfc/2007/01/29/credit-card-legislation/#comment-7136 Oh now that is COMPLETE bull. Nonrevolvers have to pay to use their cards that the credit card companies already receive merchants' fees on? As if they're not already making hand over fist on $40 late fees on top of two-cycle interest billing, etc. etc.? We're supposed to feel BAD for them because they're not making enough money off the financially-unsavvy or desperate? THEY'RE victims? Grrrrr.... I have a feeling that Citi has been feeling this out for some time now because I've seen a $0 charge on my statements each month for an "annual membership fee" that doesn't exist. Yet. I will definitely be cutting up and cancelling any cards from any company that decides to rake their customers over the coals yet again. Anyone else? Oh now that is COMPLETE bull. Nonrevolvers have to pay to use their cards that the credit card companies already receive merchants’ fees on? As if they’re not already making hand over fist on $40 late fees on top of two-cycle interest billing, etc. etc.? We’re supposed to feel BAD for them because they’re not making enough money off the financially-unsavvy or desperate? THEY’RE victims? Grrrrr….

I have a feeling that Citi has been feeling this out for some time now because I’ve seen a $0 charge on my statements each month for an “annual membership fee” that doesn’t exist. Yet. I will definitely be cutting up and cancelling any cards from any company that decides to rake their customers over the coals yet again. Anyone else?

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