General Discussion

Linda ladeewolf

(679 posts)

37. I cancelled all my cards years ago!

Wed Feb 19, 2025, 10:26 AM

Wednesday

There are many times I spend more than I should, but not on credit cards, I pay as I go. It’s hard sometimes, but we don’t have to pay interest. We drive an older car, but no payments. When you don’t have a lot of money you can’t waste it on interest. Those dollars add up.

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A recent change to my credit card terms gobsmacked me [View all] maxrandb Wednesday OP

If it was me I would cancel that card ASAP. Those terms are bullshit. JohnSJ Wednesday #1

I did maxrandb Wednesday #3

+++. That company deserves to go broke, but as you alluded to, they are trying to take advantage of people who JohnSJ Wednesday #6

ALWAYS. dchill Wednesday #65

what bank MissKat Wednesday #34

Maxrandb must want to protect the banks name. Omnipresent Wednesday #52

No Max isn't maxrandb Wednesday #60

That hurts your credit rating, or at least that's been my experience. Meadowoak Wednesday #9

Short term, and if you have a good credit score it won't even impact it. However, if that is a concern, then just shred JohnSJ Wednesday #10

Yes, one year I used my tax refund and paid off two cards, Meadowoak Wednesday #35

you can go on the bank's website and lock the account. yellowdogintexas Thursday #102

Which Credit Card was this? unweird Wednesday #2

Gobsmacked, can't speak or write... Omnipresent Wednesday #53

Wow, that seems illegal to me... Meowmee Wednesday #4

It is not illegal if there is nobody to enforce the law Bluetus Wednesday #16

Good thing op cancelled the card Meowmee Wednesday #74

Thanks for the heads-up. We also pay in full every month. Oopsie Daisy Wednesday #5

That sounds like a regz violation. Who is the issuer? Buckeyeblue Wednesday #7

This message was self-deleted by its author Native Wednesday #8

Trump has given all companies the green light to screw us. Irish_Dem Wednesday #11

I think that is true Cirsium Wednesday #47

Most people in the US seem very slow on the uptake. Irish_Dem Wednesday #69

Poor information Cirsium Wednesday #70

There is a lot of information out there. Irish_Dem Wednesday #71

Maybe Cirsium Thursday #80

Yes of course it is more complicated than that. Irish_Dem Thursday #84

Might call the Bureau for Consumer Protection. Ooops! Never mind. President Trump has took it away. Midnight Writer Wednesday #12

Try finding a deRien Wednesday #13

Kick dalton99a Wednesday #14

Name and shame... Happy Hoosier Wednesday #15

we have been sweetapogee Wednesday #17

Been there. Done that. 20 years now. defacto7 Wednesday #23

That's not a new thing overall EdmondDantes_ Wednesday #18

I don't see it Cirsium Wednesday #48

It's in the "In a Nutshell" EdmondDantes_ Wednesday #62

Sure Cirsium Wednesday #63

It is new, if the OP has been paying off their balance in full each month like they claimed. W_HAMILTON Wednesday #68

Did you read what you cited? Specifically the part in () EdmondDantes_ Wednesday #77

I do the same as the OP and have never yet seen these fees on my bills Mike 03 Thursday #97

Thanks for this Joinfortmill Wednesday #19

This is not new. PoindexterOglethorpe Wednesday #20

I don't know if it's new or not, but I have never seen such fees on my bills ever Mike 03 Thursday #98

Because most people maintain a balance, PoindexterOglethorpe Thursday #103

I hate credit cards, but keep one for US charges and one for the EU DFW Wednesday #21

Same here. yardwork Wednesday #51

It would be helpful Chicagogrl1 Wednesday #22

To make things easier... OldBaldy1701E Wednesday #25

White list Cirsium Wednesday #49

The MAGA solution is to cut regulations and fire the regulators IronLionZion Wednesday #24

I think that Trump wants to take the markodochartaigh Wednesday #46

"Slow the testing down, please" Cirsium Wednesday #50

Credit card bromeando Wednesday #26

Thanks for the heads up. We'll check ours. surfered Wednesday #27

Like I've post before we are living in a lawless society where rapist's and cons yaesu Wednesday #28

Thanks for the heads up bucolic_frolic Wednesday #29

I hope it wasn't Navy Federal Credit Union Farmer-Rick Wednesday #30

Hey, maxrandb! WHICH BANK WAS IT THAT HAD THIS CREDIT CARD?????? BComplex Wednesday #31

Reluctant to share maxrandb Wednesday #36

Got it. BComplex Wednesday #45

Way too many customers for it to be personally IDing Dark n Stormy Knight Wednesday #67

Giving up too soon OrangeJoe Wednesday #76

Whatever. I'm doubtful of your story. Buckeyeblue Thursday #89

checked Capital One Savor One and did not notice any such charges cadoman Thursday #81

Let's hope other creditors such as utilities don't start doing that crap. KY_EnviroGuy Wednesday #32

Some utilities gave already stated Lonely in Oklahoma Wednesday #79

Welcome to DU ! KS Toronado Thursday #85

Welcome to DU LetMyPeopleVote Thursday #93

Noticed the same thing AverageOldGuy Wednesday #33

I cancelled all my cards years ago! Linda ladeewolf Wednesday #37

1+ Norrrm Wednesday #38

Irish dem julmur Wednesday #39

They are the worst in so many ways! piddyprints Wednesday #64

Yes, they are the worse. A couple of years ago, I was at a big box store returning a purchase Deuxcents Wednesday #78

You've got to watch EVERYBODY! Give Peace A Chance Wednesday #40

If we pay our credit card off in full every month, the banks consider us "freeloaders" FakeNoose Wednesday #41

It isn't even a "free" service drmeow Wednesday #61

Yes, I believe the banks still make money on "freeloaders". Shermann Wednesday #73

Exactly - even when we pay in full each month drmeow Wednesday #75

Effective interest rate Johnny2X2X Wednesday #42

Get an American Express charge card. nt LexVegas Wednesday #43

Capital One charged me interest on a credit Figarosmom Wednesday #44

Switch to a local credit union. No annual fee and most I've ever seen is 9.9% (Bad enough, but nothing like big corps.) Evolve Dammit Wednesday #54

In the old days, like the 1970s, you called a plumber, they came out to your house, ... planetc Wednesday #55

That's why I... 2naSalit Wednesday #56

This appears to be true. A little research delivered this. usaf-vet Wednesday #57

This doesn't list specific issuers who have changed their terms and conditions Buckeyeblue Thursday #90

The companies aren't waving flags and saying hey, look at me. I'm going to steal an extra dollar or two each month. usaf-vet Thursday #92

Federally regulated financial institutions must provide at least 21 days of grace period Buckeyeblue Thursday #96

I agree. What is the problem with naming the issuers? There are only so Mike 03 Thursday #99

This is useful. peacebuzzard Wednesday #58

Welcome to Trump's world order. nt Exp Wednesday #59

Which credit card company is this? Dark n Stormy Knight Wednesday #66

Why deal with a bank? BidenRocks Wednesday #72

That's a real dumb policy. They will lose customers in the millions for GoodRaisin Thursday #82

Reference - fyi jgo Thursday #83

Most credit cards only charge residual interest if charge is for cash rather than purchases wishstar Thursday #87

when sweetapogee Thursday #91

They pay me. Aussie105 Thursday #86

Debit cards scare me claudette Thursday #101

i really hate the charge for mailing a paoer bill rampartd Thursday #88

Thanks for the heads up Lulu KC Thursday #94

Wow. I will definitely check my upcoming bills. Like you, for decades I've Mike 03 Thursday #95

I admit I'm often dense and slow to understand something... Mike 03 Thursday #100

wtf? Going to check this out now ecstatic Thursday #104