A reminder about Credit Card Companies

Not that I should expect anything different, but it’s funny, when you have plenty of money to spare, the credit card companies are like leeches, everyone is sending you offers and trying to woo you into a relationship.

When they start seeing that money drying up (the 2010 expenses have been unbelievable after depleting storage of excess for the adoptions) – they are like rats abandoning a sinking ship.

Over the last two months we’ve had credit card companies close accounts and reduce balances all without prior-notification – to the point of causing me to have to make unexpected $500-600 payments on a single card as it’s available balance was reduced by a couple hundred dollars.

With other cards, now that we have balances for the first time, they are sending us balance transfer offers with very fine print stating that you will start paying off your lower interest balances first before your higher interest balances.  So they are throwing out offers of lower interest so-as to get us to pile on lower interest loans onto higher interest loans; so they can compound interest.  The most obvious is when you have credit cards from the same company, same credit line, etc. and they give you low interest balance transfers for the accounts that carry a balance but not for accounts that do not carry a balance.  Worst part is, most people don’t realize this is what they’re doing.  Sleeze balls!

Little do they know that this is one of the ways I weed out the good card companies from the bad… that in a few months I will pay off and close the accounts that tried to screw me over, and no longer feed them the excessive amounts of money with each swipe at the gas station or the grocery store. 

However, it’s always nice to remember that credit card companies are the equivalent of bottom feeding, blood sucking leeches & rats. They should come with a warning label (Note: we will be here for your convenience, but don’t turn your back as we’ll take every opportunity to try and screw you if it looks like we can).

C’est la vie!

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