captainccs

Fed's Plan to Meddle with Credit Card Issuers Is Deeply Unsettling

Close down the Fed.

What Do Credit-Card Interest Rates Reflect?

>>>And the elision is largely the credit card companies’ own fault: they don’t make it easy to pay your bill in full each month


I agree with Felix, it is mind bendingly difficult to pay the card in full. I do my business with my credit card on line. The first incredibly difficult thing is to find my laptop amid the clutter on my desk. If it is on my desk's top, why do they call it a lap top? It's not on top of any lap that I can see. Anyway, after finding the thing, I have to push a button to turn it on. Then I have to turn on the Wi-Fi thingy. Then I have to start Safari. Once Safari is up and running I have to find the credit card's website. Now the real hurdles start. They ask me for a username. How the heck am I supposed to remember that? I go in search of my note pad and look up my username. Holly macaroni, now they want a password.

Success, I have finally arrived at a most confusing web page with dozens of choices that I have no clue about. Hunting desperately I discover a menu item that says "Make a payment." Ahhh! That page is terribly confusing as well, instead of a single choice to just pay the bloody card, I have to decide if I want to make a minimum payment, a full payment or some other, non-specified payment. Come on credit card people, don't make life so difficult, tell us what we should do instead of putting so may hurdles in our way.

Minimum, full or other, what a conundrum. I think about this long and hard and finally I make up my mind to pay in full. As I search for the appropriate button to click I see that the screen looks rather different with red lettering on it. It says that my session has expired to protect me. Oh goodness, do I have to go through this circus again? Maybe I should punish the card and not pay in full.

Is there a way to be compensated for all this wasted time? If I ever manage to log in again I'll see of there is a complaints department I can talk to.

Yes, Felix is right, it is so confusing to make a full payment that card companies should be punished by the Congress. Maybe they can produce 1000 pages of new credit card regulations that costs these horrible companies million of dollars. That will teach them!

It was really nice to get that off my cheat. Thanks felix, without your help it would have stayed bottled up inside me probably causing ulcers or worse.

Credit Cards: Do the Banks Own the Senate?

When I was broke I didn't use my cards.


On May 15 09:03 AM anarchist wrote:

> guess you have never been broke

What the CARD Act of 2009 Means for Consumers

As you say, this bill protects the stupid card user and hurts the smart card user. I too pay the card in full every month and since I now use electronic transfer to do so I even save the cost of the First Class stamp and the occasional late payment fee when the check gets lost in the mail.

Legislators NEVER think of the unexpected consequences of their actions which, in this case, hurt the smart credit card user.

Credit Cards: Do the Banks Own the Senate?

Just pay your credit card in full every month and you won't be a "beleaguered consumer." You get a free loan, product protection, advantage miles or whatever it is your card gives you to encourage you to use it.

There is no law that says you can't pay the credit card in full each month. I have been doing it for years.

Oh, do Wall Street banks own the Senate? Not just the Senate, the full Congress, the Fed, the Treasury, the administration and everything else money can buy.

Can a Stock Market Meltdown Happen from Here?

Investing has never been easier. Sell everything now, go short and buy back when that S&P hits 475 -- no sense trying to squeeze out the last few pennies.

Now, why didn't I think of that?

Here Comes a Consumer Killer

If you pay off your credit card on time each month you enjoy 2 or 3 week's free float. With the debit card the money is taken out of your account immediately. Also, by canceling the credit card you are eliminating a line of credit that could come in handy in an emergency. I think you are letting your emotions rule your financial life.

Of course paying a late fee is painful so don't be late. Now that you can pay the card online, there is no reason to be late, ever.