Quote:
Originally Posted by TX76513
Let's see if we can name out all the credit card "games". You know the stuff you cant read without a magnifying glass.
#1. O% interest for XX Months. Let thou be late 1 day and that's gone. Also balance transfers are 1 - 3% of amount transfered AND you have to pay off that amount before you start touching the principal of any new charges.
#2. No Grace period. Almost impossible to pay off a balance. If you get your statement and pay that day in full you will have $X.XX in interest. Then think that your balance is paid off and not pay next month BAM $35 late Fee
#3. Late Fees - The Providian Scam that almost everyone uses now.
#4. 28 day billing cycle. Sounds innocent right? That's 13 payments a year. It gets you off track of when your bill is due. See #3
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SEARS did that to us, the due date changed every month and the bill would come in one day before it was due. We paid the balance and cut the card into pieces.