Comments on: Chase joins “Hall of Shame” for credit card terms and conditions

By: Tony Powers

Tony Powers — Fri, 20 Nov 2009 19:01:46 +0000

It’s almost like they’re trying to gain a few dollars in profits before the new regulations kick in. It’s sad. Consumers need to switch to other credit card companies regardless of the brand just to show these people who their messing with. We built these companies brand and we can build up someone else’s brand.

By: aliasbuck

aliasbuck — Mon, 16 Nov 2009 19:26:58 +0000

American Express is doing the same thing with the phone number thing. I disagree with the policy of hey, you call us, you’re authorizing us to run up your (or anyone else’s, if it isn’t your phone) text message bill.

By: Travel » Blog Archive » Travel info on e-books, package deals, Gore-tex, and credit cards …

Wed, 11 Nov 2009 17:48:48 +0000

[...] fine print on credit cards keeps getting worse and worse, while Delta and American Airlines are still leaving passengers stranded on the tarmac for four+ [...]

By: Tim

Tim — Tue, 10 Nov 2009 21:44:45 +0000

Pato – sounds like you need to check with your bank (the one where you have a checking account) so see if you can get a credit card through them. If your bank is Chase, I suggest finding a better bank.

Why are they demanding $3,000? Do they not feel they are making enough money on you by the transaction fee?

Timothy – I am all for free markets—and if the CC market is truly open, one should be able to find a bank that will issue a CC with reasonable terms (like using a local bank instead of Chase). On the other hand, if it is the CC companies themselves (Visa, MasterCard, etc.) doing this, then we need to argue with them and figure out how to minimize our “hit” with them. Perhaps only calling them on your landline at home so they can’t text you?

By: Pato

Pato — Tue, 10 Nov 2009 18:27:52 +0000

Check out what Citi Cards is doing:
We pay our cards off in full each month. Now Citi wants us to send them $3000 by the end of the year. If we do not they will:

1. Raise our APR on purchases to 14.99% ( no biggie)
2. Cancel our cards on their expiration dates!

Whoa!

By: BJ in NY

BJ in NY — Tue, 10 Nov 2009 17:39:45 +0000

I am part of the ‘reduce big government’ crowd and most of my credit cards are adding new fees and regulations while reducing rewards BECAUSE of the impending regulation Congress recently passed to help those who didn’t use restraint and got in over their heads…Now it hurts ALL of us. I agree CC companies are greedy, but doesn’t everyone know that businesses are in business to make profits? It is up to us to use common sense about debt. My grandparents believed in saving up and purchasing only when you had the money…I hope we are not going back that far.

By: Timothy

Timothy — Tue, 10 Nov 2009 14:23:05 +0000

I’d love to hear what the “reduce government regulation” crowd thinks when they get a look at one-sided terms and conditions like this. As you said, the card companies all move in a pack, so it’s not like you can just switch to “the good guys.” When the free market rules, consumers get shafted by banks, over and over again. They are arrogantly unconcerned about what’s good for their customers, only what’s good for their bonuses.

By: Avoid Financial Strain with a Prepaid Credit Card | Bukisa.com | Credit Cards Finance Wisdom

Tue, 10 Nov 2009 12:19:16 +0000

[...] Chase joins “Hall of Shame” for credit card terms and conditions [...]

By: Chase joins “Hall of Shame” for credit card terms and conditions | Daily News Headlines

Mon, 09 Nov 2009 21:22:02 +0000

[...] posted here: Chase joins “Hall of Shame” for credit card terms and conditions Share and [...]