we've got more power than we think...
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we've got more power than we think...
| Fri, 11-05-2004 - 5:29pm |
Since I am now officially obsessed with getting my credit card debt under control I decided to take aim at the interest rates. I called up my two big cards: GM Mastercard (8K) and Bank One (14K -- yikes!) and asked them both to lower their APR from 13.9. It just went up on both even though I have never been late and always pay significantly more than minimum. They both refused and were quite snarky about it. Fine. I then called Chase to take them up on their 0 percent transfer rate for life of balance with no transfer fee and was immediately approved for $15K. Bye, bye Bank One. Then I transferred the other balance to Providian which was offering 3 percent, also no transfer fee. I will keep GM card open with zero balance (hide the card, though) because I may want to keep the reward points towards a car in the next year of so.
Feeling fiesty I pulled my credit report and found out I still had a Capitol One account open. I called them and asked what their balance trasnfer rate was. They were so incredibly rude. They said even though my account was paid in full and had been since 2002 they had put a hold on it and refused to allow any kind of balance transfer. I asked why and they could not/would not explain it. Then they said if they lifted the hold they would charge me 15.9 percent APR. I told them to close the account for good.
I just feel like these companies are all competitive with each other and if we don't get satisfaction from one we should just keep looking.... Jenny

Jenny,
All my best,
Danni
All my best,
Danni
0% interest for the life of the balance is teriffic (sp?). Those $14K will disappear in no time.
MYM