While banks get bailouts, When the interest rates to banks are at an all time low, Why are they sending out notices to their credit card customers that substantially increases the interest rates on those cards?????
Opting out has to be our answer to them. I have never missed a payment or been late to any one. I have always paid more than the substantantially more than the minimum required payment to any credit card I have owned. I paid my home off ahead of time. My car also. NOW I have recieved three letters telling me that they are increasing my credit card rate clear to 36% in some cases. Two from Capitol One, One from Chase so far. They do this with impunity thinking that they will get me and others like me to pay more interest so that they can cover their bad management decissions. These same companies CEO.S sat in front of congress and said they did not raise peoples rates without reasons, they did not do price gouging of their customers. Oh Yes they LIed to Congress. Well I OPTED OUT, WHILE SENDING THEM A LETTER TELLING THEM TO STICK THEIR CARD WHERE THE SUN DOESN'T SHINE. We don't need them, They need us, and I hope every single customer who gets an opt out option does so. Cut up their cards and return them to the CEO's who lied, Write a letter to your congressman and tell them just what those vulture bankers are doing to us little people. OPT Out. Send all their promotion mail back to them and tell them to stick it. Enough of us do this and they'll get the message to stop gouging us little people while they put the profits in their own pockets.