@Want2BDebtFreeNow wrote:Well I get an email this AM with notification that my rate has increased from 6.74% to 6.99% plus prime (10.24%) effective my August billing statement. I've had the card since for almost 10 years now and this is my oldest credit card. I am to the point that I don't really care and I am thinking of closing it just because its not worth the hassle. I've had my credit slashed by more than half (Went from 20k to less than 5k) and they were chasing the balance for a while (which they stoped). I know that as soon as I pay the balance off they are going to close it for me so might as well be proactive.
The sad part about it is that had this happened a year ago I probably wouldn't have cared because I knew I was a huge risk, about 10-12 Inq, Fico was down to 630's, I got a new car and my util ratio was out of control. But in the last year I have had no new inq's, brought down my util about 50% and my FICO score just reported 690 on the 23rd.
I attempted to call amex and of course got the scripted "due to current economic crisis" line. I asked if they were thinking of the "long term business relationship". I asked if I could close my account to freeze the rate and she said they don't do that.
*END OF RANT* LOL Thank you for hearing me out.
It's a minor increase but NOT a rate jack.
But hey every one can see it differently. Maybe they AR'd you and saw that your FICO scores changed 630-690 is ahhhhhh a tad bit shabby. That may have been the reason.
King
74king wrote:
It's a minor increase but NOT a rate jack.
But hey every one can see it differently. Maybe they AR'd you and saw that your FICO scores changed 630-690 is ahhhhhh a tad bit shabby. That may have been the reason.
King
King i think you don't realize it but when you say that someone's score is a ahhhh a tad bit shabby (which you do with some frequency) it can come off as a bit crass and condescending. not all of us have have nose bleed level scores like you King. there are certainly more supportive ways to convey your msg.
why not put a sock in the i think your score is shabby references? that isn't particularly helpful. as you know, it is sometimes not what you say but how you say it that makes a world of difference.
OP- i too got a 4 percentage point increase on one of my amexes, i don't carry a balance on it to try to steer clear of trouble. imo amex products in general can be a good vehicle for pif only at this time.
@score_building wrote:@Anonymous wrote:
It's a minor increase but NOT a rate jack.
King
King i think you don't realize it but when you say that someone's score is a ahhhh a tad bit shabby (which you do with some frequency) it can come off as a bit crass and condescending. not all of us have have nose bleed level scores like you King. there are certainly more supportive ways to convey your msg.
why not put a sock in the i think your score is shabby references? that isn't particularly helpful. as you know, it is sometimes not what you say but how you say it that makes a world of difference.
OP- i too got a 4 percentage point increase on one of my amexes, i don't carry a balance on it to try to steer clear of trouble. imo amex products in general can be a good vehicle for pif only at this time.
Sorry if anyone was offended but I have been using that term for years and that is the way I speak. Furthermore If this has offended you on other occasions my using this term or speaking in this manner, why are you just now speaking about this.
I don't particularly like this putting a sock in it term that you have used, and for the record I have used this term maybe once or twice. I stated I was sorry if anyone was offended. And 99.9% of all of my commentary has been helpful in this forum so move on.....
King
74king wrote: 'If this has offended you on other occasions my using this term or speaking in this manner, why are you just now speaking about this. '
i think the hope was that it wouldn't become a pattern. would you have rather i reported your posts instead of trying to be somewhat neighborly and approach you directly in a thread when it happened (again) and it became more clear that you either didn't realize or didn't care that some of your comments were somewhat offensive?
for eg. when you recently referred to someone as 'mental' and the post had to be removed due to its offensive nature? hmmm, but as you admit yourself it is a pattern, or as you say 'the way you speak'. sorry king, that doesn't make it OK. but you don't have to take my word for it, if you'd rather be spouting off to a mod.
i generally don't have time to be offended by the questionable behaviour of others, so no worries there. just kinda trying to look out for others, especially newcomers that may be slightly intimidated by your approach and those comments that you sometimes make that don't fall under your self assessed 99.9 helpful comment bucket
ps. kinda of surprised that you even blinked at any of my comments. guess you're one who can dish them out but not take 'em? do what you will with it but i aint mad atcha king just some food for thought from a fellow member.