Credit card companies are changing your interest rate.

I think it is a blue card, although they show a pic of a black card. I will likely stick to the MC.
 
Show-me said:
I want to sign up for the USAA credit card. Which one do you like? American Express or Master Card?
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I'm going with Mastercard to replace my current one. Do they offer the American Express Blue? I might consider that one since you can carry a balance on it in case of emergency.
 
I went with mastercard for more flexibility, however these days AMEX is accepted almost every where.
 
I want to sign up for the USAA credit card. Which one do you like? American Express or Master Card?
 
mayday said:
How is their home and auto policies? Ever had a claim? My wife got rear-ended by a USAA member and they handled the claim without any hassle.
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Never had a home claim.

Had an auto accident- settled quickly, they got me into a rental car the same day-within two hours of my accident, I had the car at the shop, and a rental car pick me up.

It took no time at all for them to evaluate the car, (they did it over the phone, based on photos sent in by the pre-authorized local car dealer autobody shop), decide that they were going to pay me off rather than fix the car (it was a close decision, and they asked me which I preferred), AND for them to arrange financing for my replacement vehicle from USAA bank.

Their employees are empowered to make it right, right now. Above and beyond is all I can say.

In short- I could not have asked for better service, coordination between repair location/insurance company/temporary rental car/ and getting another car to replace the one I wrecked.

They have me as a customer for life.
 
James48843 said:
I've been with USAA for 19 years now, and I swear by them. Got three car loans over the years (all at less than local bank rates), credit cards, home mortgage (twice as easy on the paperwork for that- they already knew me, so that paperwork was tiny compared to some places), home insurance, car insurance, wife's IRA.

I am thinking of doing a stock trading account with them too, but I haven't done that just yet. Got that account somewhere else- left over from before USAA had all my business.

If you want a fair deal on on-line banking, or credit cards, or car loans, and you are a current military member, or honorably discharged veteran, you can't beat USAA.
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How is their home and auto policies? Ever had a claim? My wife got rear-ended by a USAA member and they handled the claim without any hassle.
 
Callme_CO said:
I can't find anything better for me than USAA. I've only been with them a short time but it's been great so far.
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I've been with USAA for 19 years now, and I swear by them. Got three car loans over the years (all at less than local bank rates), credit cards, home mortgage (twice as easy on the paperwork for that- they already knew me, so that paperwork was tiny compared to some places), home insurance, car insurance, wife's IRA.

I am thinking of doing a stock trading account with them too, but I haven't done that just yet. Got that account somewhere else- left over from before USAA had all my business.

If you want a fair deal on on-line banking, or credit cards, or car loans, and you are a current military member, or honorably discharged veteran, you can't beat USAA.
 
JOVARN said:
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I just got my Dear Joe letter from CITI bank yesterday. They are raising the rates on new purchases to 24%. " there will be no new Purchases" I will close the account today. Last week I closed my Sears Account which I had for 35 years
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Something else to watch for on all your store credit cards Macy's, Dillards, Sears Etc. - Some of these type cards are also changing the "grace period" for purchases. i.e. Interest will be charged at the increased rate from the date of purchase Macy's is one and their new interest rate is 23.99%. You could easily get burned even on one large purchase which you pay off when you receive the bill. Christmas is coming soon and even tightwads like me will charge things on the cards and pay them off when the bills come in. Doesn't make sense for the stores to encourage people not to purchase on the cards. Short sighted! May make a little on the first month this happens but people will just quit buying. Much less likely to buy if they have to pay cash.

Makes me wonder about investing in the usually strong months Nov.- Jan. This Christmas shopping season may be a disaster.
 
Boghie said:
Silverbird,


That notice will come about 90 prior to the change. It is required by existing law.

Now, here is the nice part...

You can snail mail the company at an address provided and decline the change. Inherent in that notice you may elect to have the card closed. Maybe some companies auto-close the card. It is better for YOUR credit rating to close the card yourself in the letter you send.

Then, viola, you close the card at your request and the exisitng agreement is in affect till it is paid off. DO NOT use the card. Using the card can imply agreement.

I have done this on three cards over the years. One of which did not close my account and begged forgiveness. We shall see. Keeping copies of the paperwork:notrust:
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__________________________________________________________________________
I just got my Dear Joe letter from CITI bank yesterday. They are raising the rates on new purchases to 24%. " there will be no new Purchases" I will close the account today. Last week I closed my Sears Account which I had for 35 years
 
PessOptimist said:
Yeah, my daughter swears by them. I still can't forgive them and other companies for the car insurance scam on junior enlisted overseas in the '70s. I still don't understand why a 22 year old single 0-2 with a Corvette paid about 1/4 what a 24 year old married E-3 with two kids paid for minimum coverage on a 15 year old Ford Taurus beater.
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You sure that was USAA? I couldn't get USAA car insurance in Germany as an enlisted person in 1983- USAA then was only for officers. It wasn't until 1996 that they opened up insurance to enlisted people. Source: http://www.fundinguniverse.com/company-histories/USAA-Company-History.html

I had GEICO while enlisted in Germany in the 1980's.
 
James48843 said:
I am satisfied with my USAA bank card.

Fixed 8.35%

Never had an issue with them. They don't play that game.

By the way- they just opened USAA membership to any veteran. Originally, USAA only served active duty officers. Over the years they opened membership to enlisted, guard and reserve, retirees, and now to any veteran.

If you are interested in their services (insurance, banking, home loans, etc), see http://www.usaa.com . It's worth checking into if you qualify.
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Yeah, my daughter swears by them. I still can't forgive them and other companies for the car insurance scam on junior enlisted overseas in the '70s. I still don't understand why a 22 year old single 0-2 with a Corvette paid about 1/4 what a 24 year old married E-3 with two kids paid for minimum coverage on a 15 year old Ford Taurus beater.
 
I am satisfied with my USAA bank card.

Fixed 8.35%

Never had an issue with them. They don't play that game.

By the way- they just opened USAA membership to any veteran. Originally, USAA only served active duty officers. Over the years they opened membership to enlisted, guard and reserve, retirees, and now to any veteran.

If you are interested in their services (insurance, banking, home loans, etc), see http://www.usaa.com . It's worth checking into if you qualify.
 
Silverbird said:
If your interest rate suddenly goes up above 25% annual rate, or worse above 40% Annual rate (as in xLady's case), even one month's interest could be nasty. Not even worth using the card at all at some of these rates since often interest compounds daily.
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Silverbird,

Prior to the credit card company raising your interest rate you will get a 'throw away' notice included with a billing (sometimes on it's own). It will have a bunch of small print - but when mine have been raised you can figure it out. Generally - or maybe always - the projected APR will be bolded and the font enlarged. However, they mix it in with other changes that don't matter.

That notice will come about 90 prior to the change. It is required by existing law.

Now, here is the nice part...

You can snail mail the company at an address provided and decline the change. Inherent in that notice you may elect to have the card closed. Maybe some companies auto-close the card. It is better for YOUR credit rating to close the card yourself in the letter you send.

Then, viola, you close the card at your request and the exisitng agreement is in affect till it is paid off. DO NOT use the card. Using the card can imply agreement.

I have done this on three cards over the years. One of which did not close my account and begged forgiveness. We shall see. Keeping copies of the paperwork:notrust:
 
My wife and I do some summer time RVing and quite a few places we visit give you a discount for cash or check. Of course make sure you withdrawl your money before you go. I have seen ATM fees as high as $7.:sick:
 
PayPal is just as bad. It's the price of doing business. It sure is convenient for all of us. But like everything else, costs eventually get passed on to the consumers.

American Express is really bad.
 
Tom, I knew they charged the merchant, but I guess since that part didn't concern me I didn't even think of it. I know some stores here refuse credit cards. Does using Paypal or similar eliminate the use of cards on your end? I wonder what kind of homes THose guys live in??
 
grandma said:
actually - paying off your credit card means you are not a good customer & they end up only being your bookkeeper w/o pay; :notrust: and fines are being considered if you do that - But, Mayday, I have been able to locate where I read that. ...Sunday's paper, maybe.
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As you probably know, they make money on both ends. So even when someone pays off their balance each month (which they don't seem to like) they made money on the purchase from the merchant. The fees for this and that seem endless. For example, on top of the regular purchase processing fees, if I don't have the latest version of a computer language to handle the transactions, there is a $19.95 fee until I upgrade.
 
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