Credit Card Survey...who do like/dislike

iVillage Member
Registered: 06-23-2004
Credit Card Survey...who do like/dislike
13
Thu, 01-20-2005 - 9:36pm

I have a Bank of America and an MBNA with a balance and a CITICard (which i just paid off this month, and a MBNA that I paid off 4 months ago)

I am looking to transfer the BA and current MBNA card to new cards with 0% interest for 12 months...I am considering Chase, Capital One, Bank One and Providian.

Any good/bad experiences with these companies:Chase, Capital One, Bank One and Providian?

I am so scared of the "fine print" on these offers. I am reading it...and just don't want to miss anything....have any of you been "tricked" by these companies?

I know you can't miss a payment, or your introductory offer is out the window. Also, you need to know how the minimum payment is calculated. And if there is a transfer fee, and a yearly membership fee. What else should I be comparing?

Any past experiences good/bad????...would be great if you would share with me. PLEASE

THANKS :)

Photo Sharing and Video Hosting at Photobucket Lilypie Baby Pic

Pages

iVillage Member
Registered: 03-25-2003
Thu, 01-20-2005 - 10:28pm

My experence with these


Capital One.

iVillage Member
Registered: 06-23-2004
Thu, 01-20-2005 - 10:56pm
Thanks Kristina,
THis is just the type of information I was looking for.
PLEASE - anyone else out there with experiences with these companies....
I appreciate your time in reading and replying :)
Photo Sharing and Video Hosting at Photobucket Lilypie Baby Pic
iVillage Member
Registered: 05-10-2004
Thu, 01-20-2005 - 11:46pm

I absolutely HATE chase!! They raised our rates from 3.9% because we made a mistake on their web site from an a checking account we had to close due to someone stealing our checks.

 

Avatar for gidgetgirl
iVillage Member
Registered: 03-26-2003
Fri, 01-21-2005 - 10:07am

Always read the fine print. I've had good luck with Citibank and MBNA and I think Capital One is EVIL incarnate, but that's because I used to work there (temp job) for a few months and thought the whole organization was slimy.

Gidget

Avatar for cl_phocid
iVillage Member
Registered: 03-26-2003
Fri, 01-21-2005 - 10:29am

For what it's worth, Chase and Bank One merged, so they are one and the same.

All my best,
Danni

iVillage Member
Registered: 06-18-2004
Fri, 01-21-2005 - 10:36am

I don't know anything about any of the companies you mentioned, except MBNA. I would run as fast as I could away from them. There were some previous posts about Capital One and how they actually figure intrest rates and how they report to credit bureaus. You may want to go back and find those posts.

Good luck,
Kellie

iVillage Member
Registered: 02-25-2004
Fri, 01-21-2005 - 10:36am

STAY AS FAR AWAY AS POSSIBLE FROM CAPITOL ONE!!!!!!!!!!!

DH and I have had terrible experience with them and being sneaky about rates, etc.

Lemme put it to you this way we had 3 (eek i know) cards with them and they were so awful we finally closed mine (i had as a college card back ago) and dh had 2, he closed one and now we just have one left with no balance (it's his oldest card and looks good on his record.

Their service is AWFUL! I can't stand the sight of them and (I AM NOT JOKING) turn the channel when their commercials come on tv. That's how deep my disgust is, lol :)

As for chase, we've had no problem with them CC wise, (and they just actaully took over our mortgage not to long ago too)

and I can't help you with providian.

Good luck and read that fine print!! :)

iVillage Member
Registered: 06-23-2004
Fri, 01-21-2005 - 10:54am

Thanks EVERYONE for posting your replies to my original post.
Anyone else out there...I appreciate hearing your stories.....I am trying to decide by the weekend...which "lucky" company will get my balance transfer! :)

By the way, I have contacted the two cc companies that I still have a balance with....(back in Sept. 2004) at that time, they both lowered the % rate I had with them when I asked.....one lowered it from 17.49% to 10.49%, and the other lowered it from 13.9% to 7.99%. Since then I have been paying WAY over the min. due. and I paid off the other two cc's I had with balances. I am going to call the two cc's that I still have a balance, ask them to lower it again...or I will make the switch to other companies for the 0% for 12 months.

Thanks again everyone....and if anyone else has stories to share with me, please do.
Thanks :)

Photo Sharing and Video Hosting at Photobucket Lilypie Baby Pic
iVillage Member
Registered: 01-14-2005
Fri, 01-21-2005 - 11:32am

I have a Bank of America and an MBNA with a balance and a CITICard (which i just paid off this month, and a MBNA that I paid off 4 months ago)
*****************************************************************************************
*****Mike Hatch, MN Attorney General, is suing Capital One for deceptive marketing practices. .

Most credit card offers will include a nice, small rate and a high credit limit. So the interested party will fill out the form and return their application.

What some interested parties don't realize or read is that this is called 'bait and switch' as the credit card company will most likely send the letter stating that due to something on the interested parties credit report, they will only be able to offer a credit limit of a much lower amount and a higher annual percentage rate.

That way, they can offer less of a card and then check your credit report
monthly to find out if you have applied for any other credit or you might have paid late on another account.

Once this happens, they can raise your rate, as the interested party just became a 'risk' as the interested party authorized this rate/limit change. The credit card companies also have a trick about a card being over the limit.

If you are near your limit and a charge goes through to put you over the limit, you will be charged a 'over the limit' fee. .

While the account is over the limit, the cardholders next statement can show that the credit limit has been reduced to keep the cardholder over the limit. It is legal and the cardholder signed the acceptance of terms authorizing these credit card changes.

Before applying for any credit card, research it through the Better Business Bureau or the Office of the Comptroller of the Currency. The OCC has information on any credit card that is a 'bank' such as Capital One.

When thinking about doing a balance transfer, if you don't understand the terms, call customer service. If the customer service can not give you exact information, move on to another card.

*****************************************************************************************

I am looking to transfer the BA and current MBNA card to new cards with 0% interest for 12 months...I am considering Chase, Capital One, Bank One and Providian.

Any good/bad experiences with these companies:Chase, Capital One, Bank One and Providian?

I am so scared of the "fine print" on these offers. I am reading it...and just don't want to miss anything....have any of you been "tricked" by these companies?

I know you can't miss a payment, or your introductory offer is out the window. Also, you need to know how the minimum payment is calculated. And if there is a transfer fee, and a yearly membership fee. What else should I be comparing?

Any past experiences good/bad????...would be great if you would share with me. PLEASE

Carol -the credit chick :)
iVillage Member
Registered: 06-23-2004
Fri, 01-21-2005 - 2:24pm

CarolCredit,
Thanks, It took me a second...but i figured out what you were talking about.....I did some research and found an article on the AG and CapitalOne:

http://www.ag.state.mn.us/consumer/PR/PR_041230CapitalOneBank_FSB.htm

Photo Sharing and Video Hosting at Photobucket Lilypie Baby Pic

Pages