Credit card companies are getting antsy. Always pay mine off in full every month. Never payed interest. USPS ****ed me, made my payment late. Had this one card probably 20 years, never a late pay before, they hit me with a late fee of $35.00 and jumped me to a 29.9% interest rate. I’ll just give it a month without use to reset so I don’t accrue interest, then I’ll put every nickel and dime purchase I make on it.
That happened to me once. I called them up and they researched my account and gave me a pass…waived the late fee and dropped my interest rate back down to 5.9% (at the time). Of course a year later, they fired me because I’m what the industry calls a “deadbeat” (I pay off my balance every month and don’t accrue interest)
It was Chase. They simply sent a letter that said they’re closing my account on such and such date. I switched to an NRA rewards visa backed by Bank of Omaha but after a few years, they did the same thing except they were nice enough to transfer my account to PenFed Credit Union.
Yes. I have a savings account with an online bank. Currently over 4%. Moved some into CDs as well. I keep little in checking or brick-and-mortar bank savings because the rates are terrible.
Ahhhh that exactly why some banks are folding.....it may have already been said...I didn't care to read past the original post
