Credit Cards

[haulingthescoreup]

Got my notice today for the store card. New rate will be prime + 20.99%, which currently means 24.24%.

If I ever had been tempted to carry a balance, this would have killed the temptation! Shoot, I can't even bring myself to do the 0% thing.

[MarineVietVet]

Got my notice today for the store card. New rate will be prime + 20.99%, which currently means 24.24%.

Just remember that PIF = no concern for APR's.

But you knew that. 

[haulingthescoreup]

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marinevietvet wrote:

Got my notice today for the store card. New rate will be prime + 20.99%, which currently means 24.24%.

Just remember that PIF = no concern for APR's.

But you knew that. 

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[lsutigers03]

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marinevietvet wrote:

Ok I called and canceled it.  Geez they really really try to make you keep it.  I really hated Best Buy for this charge but its HSBC that is charging it not Best Buy. Now my 0% purchases can truly be 0%.  I wonder how much they are making off of people with this stupid charge?

Good for you!!! What exactly was this "debt cancellation" charge meant to do?

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Basically it's credit insurance so if you die or become disabled and can't pay off the balance then its forgiven.

[dallasjetfan]

HSBC sucks!  They have raised all my accounts and I have closed all of them!!  Never will I do business with them again!!

[MarineVietVet]

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lsutigers03 wrote:

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marinevietvet wrote:

Ok I called and canceled it.  Geez they really really try to make you keep it.  I really hated Best Buy for this charge but its HSBC that is charging it not Best Buy. Now my 0% purchases can truly be 0%.  I wonder how much they are making off of people with this stupid charge?

Good for you!!! What exactly was this "debt cancellation" charge meant to do?

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Basically it's credit insurance so if you die or become disabled and can't pay off the balance then its forgiven.

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So that's what they're calling it? Another reason to try and always PIF.

May I ask how much this "insurance" was costing you a month?