My Sears Mastercard is now at 27.49%!

[radioouman]

Bought a TV back in December. Had to open a Sears Mastercard to get the promotional 0% financing for 18 months. I never paid attention to the interest rate since I am not using it for anything other than this TV.

Fast forward to last week: I get the statement and they increased my interest rate to 27.49%!! BWAHAHAHAHAHA Why would ANYONE use a credit card with an interest rate like that????

(oh, btw, I have a credit score around 720. This is just Sears hoping that I will miss a payment or not pay off my TV by the end of the promotional period, so then they can rape me with finance charges. I think that I will pay off the TV this month just so I don't have to deal with it.)

 

[ElFenix]

you should pay it, but write the check for 10 cents more than you need to, so that when you close the account they have to mail you a check for 10 cents

 

[frankgomez75]

yeah, my credit card companies have pulled that crap on me. I just pay off the card and call them to tell them I don't appreciate the interest spike and that I have other options. Usually they drop it back down to around 5 - 8 % and send out 0% interest rate promotional checks.

 

[DeadByDawn]

that's crazy

 

[myjaja]

wow

 

[dullard]

My experience with that card.

 

[mugs]

How the heck did that happen? Both threads had all of the replies. Did they add a merge thread feature to FuseTalk?

 

[radioouman]

I feel sorry for people that use cards with that kind of interest rate and then have to pay finance charges. I really do. It is a quick way to get into a lot of trouble.

 

[dug777]

Originally posted by: mugs
How the heck did that happen? Both threads had all of the replies. Did they add a merge thread feature to FuseTalk?

you can do it with whatever TFNN uses i know, i've done it myself

 

[radioouman]

Originally posted by: dullard
My experience with that card.

At least you had a positive experience with it. I have yet to need to call them. Still bugs me that my interest rate is so high.

 

[dullard]

Originally posted by: radioouman
At least you had a positive experience with it. I have yet to need to call them. Still bugs me that my interest rate is so high.

Just sign up for internet payments NOW. And pay off something like $1 in a week when that waiting period ends, because your first payment is limited. After that, you'll be set to pay the rest when the time comes without the headaches I could have faced.

 

[Golgatha]

Originally posted by: frankgomez75
yeah, my credit card companies have pulled that crap on me. I just pay off the card and call them to tell them I don't appreciate the interest spike and that I have other options. Usually they drop it back down to around 5 - 8 % and send out 0% interest rate promotional checks.

QFT.

 

[Jeeebus]

Originally posted by: radioouman
I feel sorry for people that use cards with that kind of interest rate and then have to pay finance charges. I really do. It is a quick way to get into a lot of trouble.

Unless these people are of sub-par IQ that can't understand how money works, I don't see how you can feel sorry for them.

If you can't afforf the $5000 tv... don't buy it.

 

[BobDaMenkey]

And I thought my CC was bad. It's my first card that I got through my bank, and it's got a rate of like 22%. I barely ever use it, and almost always have it paid off(After the first few months I went crazy with it, without doing something stupid like maxing or missing a payment). I should call in and ask them to drop the rate since they bumped the line by $800 since I got it ($1k line to start with), and have never been late ect ect. That or just cancel it.