egoodell
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I don't know where these financial gurus who tell us to haggle with credit card companies over interest rates are getting their information.
I just had the conversation with HSBC when my interest rate jumped from 0% to 17% for no good reason, except that the term had expired. I was told that this was a "normal" interest rate. They wouldn't budge.
If this is the new normal, then I don't want any part of it. I said, "Well, I guess you don't appreciate my business so you won't be getting any more of it." Guess who's getting paid off this month?
I just heard on the news that their British contingent; HSBC is a global bank, lost one million in the Maddoff scandal. Thus the 17% interest rate..
Yes, we have found the only thing we can do is watch for the lower rate invitation in the mail and when a card goes to a higher percentage switch it over. Does not usually apply to NEW purchases, those will be the higher percentage, but I think the cards are assuming you'll continue to use them which we don't do. Then when that card catches on and ups the percentage, we usually get the invitation from the one we previously dumped, so switch back.SweetiePie said:I don't know where these financial gurus who tell us to haggle with credit card companies over interest rates are getting their information.
This has enabled us to pay our cards off much quicker.
RIki