Tag-Archive for » Credit Cards «
Credit Cards Are Changing Their Terms to Charge More. Have you seen less and less solicitations for new credit cards in your mail? The credit card companies have been really acting up in this economy. They see no one as an asset these days. According to Yahoo! Finance, it doesn’t matter if you have stellar credit or not, you could still be facing a $100 annual fee after the new terms set in February 22. In the report, they give five smart moves to make before the terms change on your cards. One thing they advise is that those of you who have the great FICO score, hold off on getting any new credit cards because the new cards are protected from a hike in interest rates for the first year. The other thing that parents should be aware of is that after the doom date if your child is not 21 or older, they may come a knocking on your door for a cosigner. Encourage them to go ahead and get it now while they don’t need you. Then there’s the gem, make sure you are charging [as if someone had to advise you to do that]. Actually, using the charge card bi-monthly and paying the bill off by the end of the month so they aren’t able to charge you something called a “dormancy fee.”
Credit Cards Are Changing Their Terms to Charge More. Have you seen less and less solicitations for new credit cards in your mail? The credit card companies have been really acting up in this economy. They see no one as an asset these days. According to Yahoo! Finance, it doesn’t matter if you have stellar credit or not, you could still be facing a $100 annual fee after the new terms set in February 22. In the report, they give five smart moves to make before the terms change on your cards. One thing they advise is that those of you who have the great FICO score, hold off on getting any new credit cards because the new cards are protected from a hike in interest rates for the first year. The other thing that parents should be aware of is that after the doom date if your child is not 21 or older, they may come a knocking on your door for a cosigner. Encourage them to go ahead and get it now while they don’t need you. Then there’s the gem, make sure you are charging [as if someone had to advise you to do that]. Actually, using the charge card bi-monthly and paying the bill off by the end of the month so they aren’t able to charge
Now some people are really stupid!!!!
Be sure and cancel your credit cards before you die.
This is so priceless, and so, so easy to see happening, customer service being what it is today.
A lady died this past January, and Citibank billed her for February and March for their annual service charges on her credit card, and added late fees and interest on the monthly charge. The balance had been $0.00 when she died, but now somewhere around $60.00. A family member placed a call to Citibank.
Here is the exchange :
Family Member: ‘I am calling to tell you she died back in January.’
Citibank: ‘The account was never closed and the late fees and charges still apply.’
Family Member: ‘Maybe, you should turn it over to collections.’
Citibank: ‘Since it is two months past due, it already has been’
Family Member: So, what will they do when they find out she is dead?’
Citibank: ‘Either report her account to frauds division or report her to the credit bureau, maybe both!’
Family Member: ‘Do you think God will be mad at her?’
Citibank: ‘Excuse me?’
Family Member: ‘Did you just get what I was telling you – the part about her being dead?’
Citibank: ‘Sir, you’ll have to speak to my supervisor.’
Supervisor gets on the phone:
Family Member: ‘I’m calling to tell you, she died back in January with a $0 balance.’
Citibank: ‘The account was never closed and late fees and charges still apply.’
Family Member: ‘You mean you want to collect from her estate?’
Citibank: (Stammer) ‘Are you her lawyer?’
Family Member: ‘No, I’m her great nephew.’ (Lawyer info was given)
Citibank: ‘Could you fax us a certificate of death?’
Family Member: ‘Sure.’ (Fax number was given )
After they get the fax :
Citibank: ‘Our system just isn’t setup for death. I don’t know what more I can do to help.’
Family Member: ‘Well, if you figure it out, great! If not, you could just keep billing her. She won’t care.’
Citibank: ‘Well, the late fees and charges will still apply.’
(What is wrong with these people?!?)
Family Member: ‘Would you like her new billing address?’
Citibank: ‘That might help..’
Family Member: ‘Odessa Memorial Cemetery, Highway 129, Plot Number 69.’
Citibank: ‘Sir, that’s a cemetery!’
Family Member: ‘And what do you do with dead people on your planet???’