Let the Big Banks Burn (My credit card offer and how can it possibly be legal?!?)

What gets me is the 79.9%.

I mean the offer is stupid to begin with, but why don't they just put 80% and be done with it!

I guess they figure it must really sound like a deal at 79.9%!!!!!!!!

I closed a card a couple of weeks ago because of the rate and the woman gave me a hard time because it would be a 50 point hit. I told her I could handle a 50 point hit because any lender I deal with would say yeah theyre scum the 50 points don't mean anything. I'm still getting a bill with 0$ owed

reply to post by mikellmikell

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You might want to look into that. I wonder if the fact that they are sending out statements means your account is still active/open? Is it possible they could still charge fees on this account? With banks the right hand doesn't know what the left hand is doing. Sounds like you closed your account in one department but the billing office doesn't know about it yet. If it were me I'd stay after them till it stopped. It's a bit like stalking...they refuse to let you go.

I kept getting bills from the student loan people while I was enrolled in college during my undergraduate studies with the amount owed $0.00. They were on in school deferment, and it was letting me know how much interest was accumulating. One time I wrote them a check for $0.00 just to see what would happen. For the next couple of years I received a statement with the bottom where you tear it off to send it in torn off so that I couldn't send them anything I reckon. I got a good snicker over it.