Category Archives: credit cards

The Discovery Card Plan

credit cards, plan of action
Last week I posted about how Discover raised my rates and I didn't catch it for several months. I went through four scenarios of what I'd thought we could do about getting rid of the debt on that card, and I set up a poll asking for my readers to vote on what I should do.  10 people voted, and nine of those voted to pay $703 immediately and $209 a month for six months. There were also a lot… Read the rest

Discover Card Raised My Rates – Four Months Ago!

credit cards
I've been going along merrily paying these dratted credit cards.  Discover was at 12.24% and I was okay with that. I haven't wanted to do any balance transfers because I didn't want to mess with my credit score since we were supposed to refinance our mortgage at the end of 2009. That never happened because we are running too hard, I'm too tired and I can never get caught up on housework. I misplaced my Wells Fargo debit card at… Read the rest

Those New Laws Regarding Our Credit Cards

credit cards
Have you gotten any notices about the changes?  I have received several. My GE Money Lowe's card (which I haven't used in years) arrived with this information: Due to new credit card regulatory requirements, we will no longer be permitted to offer “no payment” promotions. As a result, starting on February 1, 2010, any new financing promotions offered on your Lowe's Consumer Credit Card will require minimum monthly payments during the promotional period. In the event that the regulatory requirements… Read the rest

Please Don’t Fax Your Credit Card Information!

credit cards
// Today I heard a story from a friend that made my hair stand on end. She said the company she was working for was sending out solicitation letters and a form that included a place to write in your credit card information, and then suggesting that people mail (which is probably safest, if you really trust the company you are dealing with and it's not a scam), email or fax their credit card information. I have heard that you… Read the rest