View
215
Download
3
Category
Tags:
Preview:
Citation preview
5
Signature for credit protection
Signature for credit account application
They want you to get confused and sign the first one as
well as the second!
9
What?! You’re going to penalize me for missing a payment to some
other credit card?!
Thankfully, this was outlawed in
the new credit card legislation.
10
Recently, the solicitations have been far more advantageous
to the consumers (at least the ones I have
been receiving).The competition must
be getting stiffer for good suckers, uh, I
mean good customers!
11
How are they making their money with the 0% balance transfer interest rate offers?
They are charging you an upfront fee of 4% on the
balance transfers. Several years ago, they did not
charge this fee. This allowed many people to borrow the money at 0% and then get
3% in a CD. Of course, CDs are paying almost nothing
now so this strategy no longer works.
12
Now, here is a pretty darned good offer. 0%
for purchases for the first year plus enough “bonus
points” to get a free airline ticket once you
make $500 worth of purchases within 90
days. Is this enough of an incentive to acquire and use the card? You
have to decide. But remember, the credit card companies are
hoping that you will not pay off the balance
within 1 year. If you don’t, KA-CHING!
Recommended