So I get a call yesterday, while on the Subway in Shanghai, from Compass Bank asking me about the satisfaction with them. I simply told them I had much better cards, their interest rate was too high, and the balance transfer amounts were also too high. They said let me check on some of this.
They checked the balance transfer rate and told me I could do so with a 4% fee at 5.99%.
They checked the APR and told me that for $79 I could get my APR lowered for 6 or 8 cycles.
I replied that I often get offers with 2-3% balance transfers at 0% and that to pay for a APR reduction was certainly something I would never do since I don't carry a balance.
I have way too much credit anyway and simply told them to close the card. (I know, you should keep the cards open, but I do plan on buying a new car either in November or January and I don't want any issues it might cause.)
They told me I could change my mind in the next 30 days if I wish.
Do you think they might change THEIR minds in the next 30 days and offer me something I could use?
It is by will alone I set my mind in motion.....
Always follow these rules: Only take a HP for a new account. Always use the best rewards card for that reward category. Don't close a card unless you know you really should. Never use more than 35% of a credit limit. Recon as much and as best you can. Use the introductory period to the best advantage. Get the signup bonus. Whenever possible PIF or balance transfer so you pay less in interest. Never give an excellent rating when it is actually the norm. Always look for a discount as more is always better.
Always accept candy from strangers because they have the best candy or from people you know have good candy.
