JERKING YOUR CREDIT: How many credit cards do you use and have you had any rates raised?

  • HndsmKansan

    Posts: 16311

    May 04, 2009 12:05 PM GMT
    Lots of information on the news regarding the "hiking" of credit card rates for those who pay late..... or even those who pay on time and have a great history!

    I'm curious how many credit cards you use.. and whether you have had your credit card rate hiked. What VISA company do you use.. and what did you do about it?

    As for me, I have probably 6 credit cards (only use 2.. a Visa and a Dillards card). Pay my Visa balance most every month and haven't had any issues with raised rates.
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    May 04, 2009 1:11 PM GMT
    We have United Mileage Plus Visa cards, and we pay as much as we possibly can with them in order to get miles. Then, we pay the balance in full every month.
  • boilerup_82

    Posts: 188

    May 04, 2009 1:56 PM GMT
    paradox saidWe have United Mileage Plus Visa cards, and we pay as much as we possibly can with them in order to get miles. Then, we pay the balance in full every month.


    same here.
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    May 04, 2009 2:03 PM GMT
    I've had a credit card since I was 17, (capital one visa started me off with a $200 balanc high school offer).Have been responsible since and usually pay off half my total balance within a month. I have 3 credit cards, including one AMEX. i primarily use one but sometims switch every now and then. MY captial one, longest ownership just sent me a letter that because of the economy, rates will increase. I wrote them a letter that I the responsible one should not be penalized just because othr cardmembers and the bank themselves screwed up by offering cards to just about anyone. If they raise I threatended to leave, after all I've been with them for 9 yrs now.
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    May 04, 2009 2:14 PM GMT
    No credit cards these days, ever since bank debit cards became as widely accepted as credit. I pay no annual fees, certainly no interest, and don't have to deal with monthly statements and remembering to make payments on time. Withdrawals are made instantly & automatically, and I can see the items immediately on my online account report. My partner does the same thing, has no credit cards, either. Since we pay for everything cash, we don't care what it does to our credit rating to not have cards and a recent credit history.
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    May 04, 2009 2:42 PM GMT
    I have 4 cards, one of which is a store card, one Americn Express, and 2 Visa's.

    I have really great credit and have had no notification of increased rates or fees. I did however have one of my cards closed on me due to inactivity. It was kinda shitty because it happened to be my oldest card.
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    May 04, 2009 4:22 PM GMT
    I've got ONE card.

    it's used for overdraft protection on my bank account, and I don't have an actual copy of the card.
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    May 04, 2009 6:05 PM GMT
    No interest rate increases for me - in fact last year I asked for and got a lower rate. I use only BofA - one credit card and one debt card. I have a Draegers Market card (no interest charged). I also have cards I don't use much for Neiman Marcus, Saks Fifth Avenue - but I have no interest charge there either if I just pay the balance when the bill arrives.

    Demand a lower rate for yourselves.........insist upon it or let the credit card company know you'll take your business elsewhere. They just might listen.
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    May 04, 2009 6:09 PM GMT
    3 cards

    One for work

    One for emergency line of credit

    One AMEX that gets paid off every month.
  • Webster666

    Posts: 9217

    May 04, 2009 6:18 PM GMT
    I have one debit card and one credit card. I pay off the balance every month, so whatever kind of shenanigans they're trying to pull, don't effect me. I've been reading that Obama and the Congress are in the process of passing legislation to stop them from ripping off card holders.

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    May 04, 2009 7:10 PM GMT
    Aside from my debit card I have no credit cards and do not want any credit cards.