kingkilburn

I don't understand all this credit card phobia. If you live within your means you can beat them at their game by building your credit with out going in to debt.

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DALAZ_68

i have no phobias...im just pissed off that i got charged for something i never agreed to...

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kingkilburn

That wasn't directed at you DALAZ 68. I would be pissed too.

The people that did this(and continue to do this) should have some criminal penalty. It's the same as your cell company "accidentally" changing your coverage plan, cutting your minutes in half and removing your data plan. It's cool when they wave the extra charges, the first time. When it happens 3 months later and they refuse to fix it I call BS.

A clear pattern of fraud in any company should have criminal penalties for ALL involved.

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lucky7

+1. i dont have a checking account, so no debit card. i NEVER have any cash on me, just 2 credit cards. if i need cash, i plan ahead. i charge the shit out of stuff, and i LOVE my CC. its the best thing ever. when i was younger i was afraid of them, because a couple of my cousins got into it really deep.....idiots.

anyhow, i had to check to see if i had any BS charges like this. i do all my banking online too, with no paper statement. i try to check over everything quickly each month, but i thought i'd double check after reading what the OP posted. uugh, thats shady as fuck.

rofl, this made me laugh.



my other one says "professional" on it. i only use the 1337 platinum one though. the 3 digit code on the back is worn off from being swiped so many times. good thing i memorized it.

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-Dane

Bubbles

That's even cooler.

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kingkilburn

My great grandfather had a card back in the day(70's) that was all black.

The limit on that bad boy was 100k.

Just think about that for a moment. $100,00.00 in 1975.


Dude was rollin' in it. lol

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implayaz9

my card got charged interest even though I pay shit on time.. wtf.. I called em and they are bitching with mee and giving me stupid excuses... told b.... off.. charges taken off.. horrible how these guys do business these days..the way things are going people are going to stop using em and start using cash.. better cash management and expenditure

Enna

They actually have a black card, I forget who its through though. Supposedly it has no limit.

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lucky7

american express.

i dont have one (a reg Amex card) because it's not as versatile as my mastercard. a lot of places don't take it. actually, i just looked and it looks like the Amex platinum card has no limit. but i always thought that the rates were super high on those cards and that they had a yearly fee. i'm not seeing one however.. hmm, maybe i'll look into one. the rates aren't all that important i guess. in 5 years, i've carried a balance one time, and for only 1 statement period. it was my bill for school. other than that, i'm really good about paying everything off once, twice, sometimes three times per month. i'm always on the bank website transferring stuff.

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aNskY

a lot of places dont take amex because amex charges retailers more % per each transaction.

oh and EFF capital one in the A!

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TheWolf

Actually. They all have been. Slowly walking everything into the merchant. Visa is regular about 2.5% Same with MC. If you've got some kind of points system, they take another .25-.5%. Got a "professional" card? Another .25%. Discover takes 4% Amex takes 3.5%. All of them have about a $20-$30/month service fee on top of the percentages.

The harsh truth is that almost everything has a 4% markup in it so you the customers pay the fees. You're chase points are paid for by you. Your cash back is money you paid. If customers paid cash we could charge less. The only "smart money" about it is they get 3% of every merchants take. And on retail parts if you can gross a 30% profit margin that means they get about 10% of your profit. Who's working for who?

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b-s14

i hate those small restaurant owners and such that always says "to use CC, you must order above $10 or more".

lucky7

they do it for a reason though. my parents business, they dont accept Amex because it costs almost double what the others charge. they also charge a $.50 fee instead of a $10 minimum or whatever most places do. yes we're all aware that its against the contract we sign with the CC company. but at the same time, it's such a small business that they'll never do anything about it. if people bitch and put up a fuss, we dont charge them, but in 2009, it cost my dad $8,000 to run his CC machine. that's crazy!

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TheWolf

Because there's a swipe fee. A settlement fee (transfer the money to your bank account from the CC machine). There's an extra fee if you type the number in because the magnetic strip is bad on the back. There's another fee when you type it in and can't read the CVCC 3 digit number. They charge you fees on the sales tax. Then at least 2.5 % of the transaction. It becomes a large percentage of the overall transaction. Plus whatever he's selling may not be hugely profitable. The reason the sign is up is really saying "Whenever you charge something under $10 I was giving money away. I'm out of money now so go somewhere else." It doesn't have the same customer service ring to it but essentially the same message.

Another thing people don't realize. Refunds on credit cards. Get dinked the same percentage. Buy a $300 car part then call back up and cancel it because your wife flipped out/you found it used/you really couldn't afford it so buyers remorse set it. That's $10.50 in fees to take the order. $10.50 in fees to cancel the order. They've spent prob 20-30 mins atleast talking to you and $21 in fees. It adds up at the end of the month.

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b-s14

you right you right. lol

DALAZ_68

sent my letter out to there corperate office...certified mail...lol

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