I've also been told I have little tact, so if this offends you simply ride on.

Wednesday, August 8, 2012

Bye Bye to Discover credit card pigs

Yesterday was a big day for me, I paid off my Discover Card.  Why was this a big day?  Because I truly despise this credit card and the company which runs it.  About three years ago I received my monthly statement and, to my chagrin, found a late charge which was odd since the card was always paid on the same day of every month.  When I call them up to question the charge, I was told my due date had been changed, it had been moved up, enabling Discover to collect 13 monthly payments from me that year.  Complaining works, the customer service rep removed the late fee and reverted my account to the original due date.  Everything was hunky dory until about a year ago when my interest rate went up not because I was a bad risk, or had missed payments, but because Discover card was allowed to charge me more.  So, I closed the account.  The reaction from Discover?  Talk about a frigid bitch on the end of the line, she went into robot mode as soon as she learned my intentions.

Discover credit card pigs

You see the problem is Discover, like all credit card companies whether they be Visa, Mastercard, or American Express, are in the credit business to make a profit.  My interest charge went from 15.5% to 18.8% and that increase made me furious because my credit rating is excellent.  That's a hell of a chunk of change so I said "no" to Discover (actually, I told them to screw themselves).  There is no such thing as inexpensive credit anymore.  Too many Americans are greedy.  Since they think they "need it" now, they have no problem buying that 56" 3D Flat Screen TV for as much as 26% interest on their credit card.  They don't do the math.  They don't understand that for every $500 on their card they're paying approximately $130 a year in interest.  In spite of all their catchy commercials, credit card companies offer no deal to the American consumer.

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