Transfering balances from one credit card to another

[Steve R Jones]

I went through this same deal of high interest after being just a few days late...Called CS and was shown no mercy...I asked the CS rep if she knew how many mails I get a day wanting to give me a lower rate....She said she didn't care...Push came to shove and she didn't have the ability to close my account either...So I had her transfer me to some one who could close it.

[butch81385]

Quote:

Originally Posted by Steve R Jones

I went through this same deal of high interest after being just a few days late...Called CS and was shown no mercy...I asked the CS rep if she knew how many mails I get a day wanting to give me a lower rate....She said she didn't care...Push came to shove and she didn't have the ability to close my account either...So I had her transfer me to some one who could close it.

Pretty much how they were with me last time I called them... Actually they called me at 1 week late and asked "Why are you having so much trouble making payments?" To which I replied "You mean why did I forget to submit my payment in the last 7 days? I do not recall getting my monthly bill and thought I had till the 28th, not the 20th to pay it." To which they said that with the current economy they are being told to take no chances with credit...

[Rootstonian]

Screw 'em; take your business elsewhere then. Just do a balance transfer (watch out for a "balance transfer fee..FROM BOTH SIDES!!) and be done with them. I have zero tolerance for business' that don't respect me as a customer. Plenty of fish in the sea ya know!!

Good Luck Butch!

[Rootstonian]

Screw 'em; take your business elsewhere then. Just do a balance transfer (watch out for a "balance transfer fee..FROM BOTH SIDES!!) and be done with them. I have zero tolerance for business' that don't respect me as a customer. Plenty of fish in the sea ya know!!

Good Luck Butch!

[Socalgal]

Another thing to remember is that if at first you don't succeed, try, try again. Even if 1 or 2 or even 3 refuse you, the next one could be the charm. Persistence, documenting names, times, and actions, moving up the ladder, and being patient while negotiating can pay off big time There also comes a time when you know when to throw in the towel and move (your money) on.

Rootsonian, GMTA (great minds think alike) .

[MegalosSkylaki]

Folkes, be wary of creditcard scams that go something like this:

You get a pitch that for all balances you transfer to BiG BOZO CC, as a Reward for your good credit practices you will get a preferential rate--maybe a third of what you are paying at DOOFUS CC for six months. Of course this is providing you don't miss a or are late on a payment for six months. No problem, right ?

So you make the transfer.

Then your rate is jacked up to like 27%.

Why?

Because 5 months earlier, you had been late --prior to the offer --at some other credit card.

HuH?

So why did they make you the offer if that disqualifies you for the low rate and you now get an even higher rate thanyou had before the transfer?

Well, that's why thay made you the offer. Because you DON'T qualify for low rate!

They culled credit payment histories for people who had been late once in the past to make the offer, seduced them into a transfer, and then hit you with the sucker punch rate.

Can you transfer back?

Only if you make a cash withdrawal at a 5% cost at your prior CC with a minumum $35 charge, and only for the maximum cash withdrawal allowed. How will you do that, if you in the meantime had already made charges?

Banks like this "fee interest".

Best solution: pay off all CCs.
Use only Cash or your Debit card and live within your means.
Your Checking Account Debit card is also your VISA and most stores accept Debit payments anyway.

Do you really need that HDTV?

MegalosSkylaki

PS. You might tell the Gov't this method.