cubefarmer
Established Member
Joined: Dec 26, 2010 14:08:21 GMT -5
Posts: 443 
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Post by cubefarmer on Apr 23, 2011 11:39:41 GMT -5
Course, I pay this card off every month as it's just regular monthly expenses like XM radio, XBox Live, toll tag, but still 1%. Wowee. The letter says it's not temporary, but permanent.
But what's the bigger picture here? What's going on?
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gooddecisions
Senior Member
Joined: Dec 22, 2010 13:42:28 GMT -5
Posts: 2,418
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Post by gooddecisions on Apr 23, 2011 11:49:07 GMT -5
Nothing is permanent when it comes to credit cards. Maybe they are trying to lure you into carrying a balance and being able to collect something from you? My Citi card is somewhere between 24%-29% these days, I think. But the rewards are good and I don't carry a balance, so what I care. I guess they aren't trying to lure me into carrying a balance. They have probably figured out after 14 years, they will never get me to carry a balance.
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Post by lulubean on Apr 23, 2011 12:41:02 GMT -5
I think the CC are getting back into business now with the 0% BT and all coming back.
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TD2K
Senior Associate
Once you kill a cow, you gotta make a burger
Joined: Dec 19, 2010 1:19:25 GMT -5
Posts: 10,931
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Post by TD2K on Apr 23, 2011 15:54:36 GMT -5
Interesting. My Cap One is still at 17% or so. Moot point since I pay it off in full each month.
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sbcalimom
Familiar Member
Joined: Jan 2, 2011 21:27:25 GMT -5
Posts: 890
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Post by sbcalimom on Apr 23, 2011 16:24:57 GMT -5
I got a postcard yesterday that CapOne was lowering my interest rate BY 1% which didn't make me all that excited since I think it is at 20% or something. I thought maybe I misread it after I saw this but, not so much  . I never carry a balance so it doesn't really matter and I only use it for a small recurring payment but oh well. |
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cubefarmer
Established Member
Joined: Dec 26, 2010 14:08:21 GMT -5
Posts: 443
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Post by cubefarmer on Apr 23, 2011 16:44:30 GMT -5
Ohhhhhhhhhhhhhhhhhhhhh - you're right, it says BY 1% - like that earns a postcard???
Hilarious
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sbcalimom
Familiar Member
Joined: Jan 2, 2011 21:27:25 GMT -5
Posts: 890
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Post by sbcalimom on Apr 23, 2011 18:05:32 GMT -5
That was my thought! Totally not going to encourage me to use the card more but thanks for the info  |
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gobermitcheese
Established Member
Joined: Feb 21, 2011 12:44:55 GMT -5
Posts: 484
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Post by gobermitcheese on Apr 24, 2011 9:18:33 GMT -5
Maybe you should only pay the minimum and invest the rest like Phil is always encouraging others to do.
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. I never carry a balance so it doesn't really matter and I only use it for a small recurring payment but oh well.
