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I got a letter from Nationwide changing my interest rate from 7.24% to 15% and it changed due to economic conditions.
Gimmie a break - I got the card in the middle of the worst economic crisis in the last 40 years and 3 years later they want to increase the interest rate when times are better?
It;s only a 6K CL and I rarely use the card because every time I want to make a larger ($3 to $4K) purchase they deny it. Then I call in and they say "sorry" try now.
What a tough company to get your hands around. Its a card only good to go to McDonald's and I already have one for that
@Scuba wrote:I got a letter from Nationwide changing my interest rate from 7.24% to 15% and it changed due to economic conditions.
Gimmie a break - I got the card in the middle of the worst economic crisis in the last 40 years and 3 years later they want to increase the interest rate when times are better?
It;s only a 6K CL and I rarely use the card because every time I want to make a larger ($3 to $4K) purchase they deny it. Then I call in and they say "sorry" try now.
What a tough company to get your hands around. Its a card only good to go to McDonald's and I already have one for that
Time for the sock drawer.............
Yea, sock drawer for sure. Since you don't use it that much anyway, you won't be missing much.
@Scuba wrote:I got a letter from Nationwide changing my interest rate from 7.24% to 15% and it changed due to economic conditions.
Gimmie a break - I got the card in the middle of the worst economic crisis in the last 40 years and 3 years later they want to increase the interest rate when times are better?
It;s only a 6K CL and I rarely use the card because every time I want to make a larger ($3 to $4K) purchase they deny it. Then I call in and they say "sorry" try now.
What a tough company to get your hands around. Its a card only good to go to McDonald's and I already have one for that
Do you have a letter that has the exact wording? That wording doesn't strike me as something you would see in a notice to increase an APR and I think we could offer better insight with the exact wording.
I will dig out the letter and type it in here tomorrow. I don't have the skill set to have it scanned in. Economic conditions, gimme a break.
@Scuba wrote:I will dig out the letter and type it in here tomorrow. I don't have the skill set to have it scanned in. Economic conditions, gimme a break.
I just got my letter today--increase from 7.24% to 13.24%. Chumps.
@Scuba wrote:I will dig out the letter and type it in here tomorrow. I don't have the skill set to have it scanned in. Economic conditions, gimme a break.
At least you have a sense of humor about it!
If MrShush had the same problem, I'm interested to see if it happens to others.
Oh, I got one of those letters from Barclay. I found it the other day when I was cleaning, and I could not believe the wording (it was from about 1.5 years ago). They said that due to the economy and also as a result of reviewing my credit (I had high utilization), they were adding an annual fee to my card, but the consolation prize was that there was now a 1% cash-back feature.
(rolling eyes.) Barclay is a weird, weird bank.