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  1. #1

    Default 11 tactics to be aware of for your credit cards

    11 tactics to be aware of

    1. Increasing purchase interest rates
    2. Increasing cash withdrawal interest rates
    3. Raising balance transfer fees
    4. Raising cash withdrawal fees
    5. Raising foreign usage fees
    6. Introducing duplicate statement fees
    7. Introducing low usage charges
    8. Introducing monthly fees
    9. Introducing address tracking charges
    10. Decreasing the number of interest free days
    11. Amending the order of repayments
    American Express is one of the worst offenders;
    • Credit card purchase interest rates up 3% to 15.9%
    • Credit card cash rates up 5.345% to 25.9%
    • Credit card cash withdrawal fees up 0.5% to 3.0% (min charge 3)
    MBNA and Morgan Stanley are also fairly close behind

    • MBNA's credit card balance transfer fee is up by 0.5% to 3.0%
    • MBNA's credit card cash rates are up 3% to 27.9%
    • Morgan Stanley's credit card cash withdrawal fees are up 1% to 3%
    • Morgan Stanely's duplicate statement charge is now $5
    With credit card companies increasing rates and fees faster than you can shake a stick at, it even more important that you review your credit card regularly to make sure you're getting the best deal. When your provider sends through revised terms and conditions, however tiresome it may be, take the time to read the changes being made, as there is a good chance that it could result in your credit card costing you more!

  2. #2

    Default Re: 11 tactics to be aware of for your credit cards

    dude thats a 4 year old story

  3. #3

    Post Re: 11 tactics to be aware of for your credit cards

    KIEJON9, I am curious where did you find your source for this info. can you provide us with a link?

    TIA,

    rwmtd

  4. #4

    Default Re: 11 tactics to be aware of for your credit cards

    Quote Originally Posted by mousepad View Post
    dude thats a 4 year old story
    I got this in a email last nite from a friend that works at a bank in new york

  5. #5

    Default Re: 11 tactics to be aware of for your credit cards

    Quote Originally Posted by rwmtd View Post
    KIEJON9, I am curious where did you find your source for this info. can you provide us with a link?

    TIA,

    rwmtd
    Hi I got it from a friend that work at a bank I will send them a email asking for the link thank you

  6. #6

    Default Re: 11 tactics to be aware of for your credit cards

    MBNA has been gone for a wile now

  7. #7

    Default Re: 11 tactics to be aware of for your credit cards

    I KNOW THAT BUT I WANT THE NETWORK TO KNOW ABOUT THE AMEX PART AND Morgan Stanley

    American Express is one of the worst offenders;
    • Credit card purchase interest rates up 3% to 15.9%
    • Credit card cash rates up 5.345% to 25.9%
    • Credit card cash withdrawal fees up 0.5% to 3.0% (min charge 3)

  8. #8

    Default Re: 11 tactics to be aware of for your credit cards

    I have been getting new credit card agreements like Pennys has gone from 19% to 25%, while I dont carry balance some might.

  9. #9

    Default Re: 11 tactics to be aware of for your credit cards

    It's a sign of the times.

  10. #10

    Default Re: 11 tactics to be aware of for your credit cards

    Quote Originally Posted by KIEJON9 View Post
    I KNOW THAT BUT I WANT THE NETWORK TO KNOW ABOUT THE AMEX PART AND Morgan Stanley


    American Express is one of the worst offenders;
    • Credit card purchase interest rates up 3% to 15.9%
    • Credit card cash rates up 5.345% to 25.9%
    • Credit card cash withdrawal fees up 0.5% to 3.0% (min charge 3)
    Morgan Stanley doesn't issue cards here anymore since they spun off Discover.

    But good article nonetheless, it does raise some of the same cautions that exist in this climate.

  11. #11

    Default Re: 11 tactics to be aware of for your credit cards

    Quote Originally Posted by ColoNative View Post
    Morgan Stanley doesn't issue cards here anymore since they spun off Discover.

    But good article nonetheless, it does raise some of the same cautions that exist in this climate.
    lol right right

  12. #12

    Default Re: 11 tactics to be aware of for your credit cards

    Plagiarism is the use or close imitation of the language and thoughts of another author and the representation of them as one's own original work.

  13. #13

    Default Re: 11 tactics to be aware of for your credit cards


  14. #14

    Default Re: 11 tactics to be aware of for your credit cards

    Quote Originally Posted by mousepad View Post
    lol right right
    http://moneyfacts.co.uk/Cards/guides...dit-cards.aspx

  15. #15

    Default Re: 11 tactics to be aware of for your credit cards

    Quote Originally Posted by mousepad View Post
    Plagiarism is the use or close imitation of the language and thoughts of another author and the representation of them as one's own original work.
    http://moneyfacts.co.uk/Cards/guides...dit-cards.aspx

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