Comments on: Credit Cards To Stick Good Customers http://sweetness-light.com/archive/credit-cards-to-stick-good-customers Sun, 21 Mar 2010 13:10:43 -0400 http://wordpress.org/?v=2.9.1 hourly 1 By: Liberals Demise http://sweetness-light.com/archive/credit-cards-to-stick-good-customers#comment-147376 Liberals Demise Thu, 21 May 2009 13:24:09 +0000 http://sweetness-light.com/archive/credit-cards-to-stick-good-customers#comment-147376 " ...... with liberty and justice for all that have a 900 or better score." ” …… with liberty and justice for all that have a 900 or better score.”

]]> By: 1sttofight http://sweetness-light.com/archive/credit-cards-to-stick-good-customers#comment-147249 1sttofight Wed, 20 May 2009 15:31:06 +0000 http://sweetness-light.com/archive/credit-cards-to-stick-good-customers#comment-147249 Also the daily MO arm wrestling matches and fashion show. Also the daily MO arm wrestling matches and fashion show.

]]> By: Liberals Demise http://sweetness-light.com/archive/credit-cards-to-stick-good-customers#comment-147244 Liberals Demise Wed, 20 May 2009 15:18:58 +0000 http://sweetness-light.com/archive/credit-cards-to-stick-good-customers#comment-147244 Don't forget the ACORN Check Cashing and Hair Braid / Nail Salon!! Don’t forget the ACORN Check Cashing and Hair Braid / Nail Salon!!

]]> By: 1sttofight http://sweetness-light.com/archive/credit-cards-to-stick-good-customers#comment-147242 1sttofight Wed, 20 May 2009 15:10:52 +0000 http://sweetness-light.com/archive/credit-cards-to-stick-good-customers#comment-147242 Cadillac dealership and Bling Shoppe? Cadillac dealership and Bling Shoppe?

]]> By: Liberals Demise http://sweetness-light.com/archive/credit-cards-to-stick-good-customers#comment-147241 Liberals Demise Wed, 20 May 2009 15:06:57 +0000 http://sweetness-light.com/archive/credit-cards-to-stick-good-customers#comment-147241 Can't wait for Barry & Mitchelle to open their very own "Black Market" for all the peons to shop and buy from. Can’t wait for Barry & Mitchelle to open their very own “Black Market” for all the peons to shop and buy from.

]]> By: proreason http://sweetness-light.com/archive/credit-cards-to-stick-good-customers#comment-147232 proreason Wed, 20 May 2009 14:18:55 +0000 http://sweetness-light.com/archive/credit-cards-to-stick-good-customers#comment-147232 good point BillK. This will destroy online merchandising, which in turn will diminish everybody's life, since there are many items take a huge effort to find at brick and mortar outlets. That also will cause many thousands of layoffs, in addition to the mega layoffs at the credit card companies. Another freedom destroyed within 120 days. good point BillK.

This will destroy online merchandising, which in turn will diminish everybody’s life, since there are many items take a huge effort to find at brick and mortar outlets. That also will cause many thousands of layoffs, in addition to the mega layoffs at the credit card companies.

Another freedom destroyed within 120 days.

]]> By: 1sttofight http://sweetness-light.com/archive/credit-cards-to-stick-good-customers#comment-147230 1sttofight Wed, 20 May 2009 13:49:49 +0000 http://sweetness-light.com/archive/credit-cards-to-stick-good-customers#comment-147230 How long will it be before we have to get the gov. approval to write a check and spend our own money? That is if we still have money. I expect cash to be outlawed before long. How long will it be before we have to get the gov. approval to write a check and spend our own money? That is if we still have money. I expect cash to be outlawed before long.

]]> By: BannedbytheTaliban http://sweetness-light.com/archive/credit-cards-to-stick-good-customers#comment-147226 BannedbytheTaliban Wed, 20 May 2009 13:15:16 +0000 http://sweetness-light.com/archive/credit-cards-to-stick-good-customers#comment-147226 Good analogy, old Barry is dropping lots of napalm on the economy. Good analogy, old Barry is dropping lots of napalm on the economy.

]]> By: BannedbytheTaliban http://sweetness-light.com/archive/credit-cards-to-stick-good-customers#comment-147225 BannedbytheTaliban Wed, 20 May 2009 13:12:56 +0000 http://sweetness-light.com/archive/credit-cards-to-stick-good-customers#comment-147225 "I can find another bank easily enough" Thats the rub, with government controlling what the banks can and cannot do, there is no "other" bank. It is all one nation, under socialism, with liberty and justice for some. “I can find another bank easily enough” Thats the rub, with government controlling what the banks can and cannot do, there is no “other” bank. It is all one nation, under socialism, with liberty and justice for some.

]]> By: Knuckle Dragger http://sweetness-light.com/archive/credit-cards-to-stick-good-customers#comment-147218 Knuckle Dragger Wed, 20 May 2009 05:40:56 +0000 http://sweetness-light.com/archive/credit-cards-to-stick-good-customers#comment-147218 If it was profitable for CC issuers to stick it to those of us who pay in full, they would already be doing it. They tried this a couple years ago and it never caught on - I'm assuming because all of them would have to do it for it to work. That was pre-subprime crisis, and the reasons for keeping your creditworthy customers around are now more clear than ever. Any bank who is content to live off the transaction fees while greatly reducing their writeoffs should be able to do just fine. (Maybe not like in the good old days, but still make a profit.) I don't think there is anything to this - just an unsuccessful attempt to scare congress on the eve of the vote. If it was profitable for CC issuers to stick it to those of us who pay in full, they would already be doing it. They tried this a couple years ago and it never caught on – I’m assuming because all of them would have to do it for it to work. That was pre-subprime crisis, and the reasons for keeping your creditworthy customers around are now more clear than ever. Any bank who is content to live off the transaction fees while greatly reducing their writeoffs should be able to do just fine. (Maybe not like in the good old days, but still make a profit.)

I don’t think there is anything to this – just an unsuccessful attempt to scare congress on the eve of the vote.

]]> By: canary http://sweetness-light.com/archive/credit-cards-to-stick-good-customers#comment-147216 canary Wed, 20 May 2009 05:20:34 +0000 http://sweetness-light.com/archive/credit-cards-to-stick-good-customers#comment-147216 After Obama paid the banks all that bailout, mine went up on interest even though I always pay full amount on time. I thought that sucked. But, now Obama can do this? Is this because the banks too money from govt? Obama's recent speeches to the public, was that no more hidden fee's. After Obama paid the banks all that bailout, mine went up on interest even though I always pay full amount on time. I thought that sucked. But, now Obama can do this? Is this because the banks too money from govt? Obama’s recent speeches to the public, was that no more hidden fee’s.

]]> By: BillK http://sweetness-light.com/archive/credit-cards-to-stick-good-customers#comment-147215 BillK Wed, 20 May 2009 04:57:33 +0000 http://sweetness-light.com/archive/credit-cards-to-stick-good-customers#comment-147215 So I guess I just won't be buying anything off the web or at many retailers anymore. I refuse to pay interest on a charge I will be paying off when I get the bill, no one takes checks, and I'm not going to carry around large wads of cash. Congratulate Mr. Obama on destroying the last vestiges of a consumer-driven economy. So I guess I just won’t be buying anything off the web or at many retailers anymore.

I refuse to pay interest on a charge I will be paying off when I get the bill, no one takes checks, and I’m not going to carry around large wads of cash.

Congratulate Mr. Obama on destroying the last vestiges of a consumer-driven economy.

]]> By: Colonel1961 http://sweetness-light.com/archive/credit-cards-to-stick-good-customers#comment-147208 Colonel1961 Wed, 20 May 2009 01:47:40 +0000 http://sweetness-light.com/archive/credit-cards-to-stick-good-customers#comment-147208 Build your credit by borrowing from a bank via small, short-term loans. Borrow $1,000 at 7%, pay it back over six months, etc. Small cost involved and (just don't spend the money) almost no risk. Build your credit by borrowing from a bank via small, short-term loans. Borrow $1,000 at 7%, pay it back over six months, etc. Small cost involved and (just don’t spend the money) almost no risk.

]]> By: proreason http://sweetness-light.com/archive/credit-cards-to-stick-good-customers#comment-147195 proreason Tue, 19 May 2009 23:06:59 +0000 http://sweetness-light.com/archive/credit-cards-to-stick-good-customers#comment-147195 I didn't really understand this until I read Rush's website, probably because I couldn't believe the Moron's Criminal Cabal would do something like this. 1. Instead of charging no interest if you pay on time, they will be forced to charge interest. 2. Rewards programs are going to be shut down. In my case, that is going to cost me about 1-2% of every purchase, because that is what rewards programs are worth to me. And that doesn't count interest earned during the grace period (which is nothing now but in normal times is another 1/4 to 1/2% of each purchase if you pay on time). So the cost of everything I buy with credit cards is going up 2%. So that cheats and criminals will have to pay less interest. And oh yeh, the credit card business will shrivel to a fraction of what it is today.....which will throw many thousands of people out of work. Change. Hope and change. I didn’t really understand this until I read Rush’s website, probably because I couldn’t believe the Moron’s Criminal Cabal would do something like this.

1. Instead of charging no interest if you pay on time, they will be forced to charge interest.
2. Rewards programs are going to be shut down.

In my case, that is going to cost me about 1-2% of every purchase, because that is what rewards programs are worth to me. And that doesn’t count interest earned during the grace period (which is nothing now but in normal times is another 1/4 to 1/2% of each purchase if you pay on time).

So the cost of everything I buy with credit cards is going up 2%.

So that cheats and criminals will have to pay less interest.

And oh yeh, the credit card business will shrivel to a fraction of what it is today…..which will throw many thousands of people out of work.

Change. Hope and change.

]]> By: curvyred http://sweetness-light.com/archive/credit-cards-to-stick-good-customers#comment-147194 curvyred Tue, 19 May 2009 23:02:05 +0000 http://sweetness-light.com/archive/credit-cards-to-stick-good-customers#comment-147194 Yes - Socialism is wonderful - until you run out of other people's money. Yes – Socialism is wonderful – until you run out of other people’s money.

]]> By: GetBackJack http://sweetness-light.com/archive/credit-cards-to-stick-good-customers#comment-147187 GetBackJack Tue, 19 May 2009 21:17:59 +0000 http://sweetness-light.com/archive/credit-cards-to-stick-good-customers#comment-147187 Our situation is identical to Douglas (above). North of 800 and except for a small amount left on a mortgage, no debt. Except that we have two cards, total. (1) from Wells Fargo (the bank that's doing very well, thank you) and (1) from the local, well run 70 year old credit union, managed by people I've personally known for 30 years. If we're not safe from stupid tactics in that scenario .. to heck with it. I seemed to live and have a good time before I got a credit card, bet I can do it again. Our situation is identical to Douglas (above). North of 800 and except for a small amount left on a mortgage, no debt.

Except that we have two cards, total. (1) from Wells Fargo (the bank that’s doing very well, thank you) and (1) from the local, well run 70 year old credit union, managed by people I’ve personally known for 30 years.

If we’re not safe from stupid tactics in that scenario .. to heck with it. I seemed to live and have a good time before I got a credit card, bet I can do it again.

]]> By: Douglas http://sweetness-light.com/archive/credit-cards-to-stick-good-customers#comment-147168 Douglas Tue, 19 May 2009 19:07:16 +0000 http://sweetness-light.com/archive/credit-cards-to-stick-good-customers#comment-147168 Eh, my credit score is north of 800 and I have 2 cards I put a couple of thousand dollars a month through and pay in full. I've a couple of other cards that raised their rates years ago and have had zero balances since. Late fees and interest are not the only source of income. CC companies only pay the merchant 98 to 99 cents on the dollar. So they're getting $20 to $40 a month from my business as it is. If they can't live on that, well, someone else can. If they don't want me as a customer, it's really their loss, not mine, I can find another bank easily enough. Eh, my credit score is north of 800 and I have 2 cards I put a couple of thousand dollars a month through and pay in full. I’ve a couple of other cards that raised their rates years ago and have had zero balances since.

Late fees and interest are not the only source of income. CC companies only pay the merchant 98 to 99 cents on the dollar. So they’re getting $20 to $40 a month from my business as it is. If they can’t live on that, well, someone else can.

If they don’t want me as a customer, it’s really their loss, not mine, I can find another bank easily enough.

]]> By: Liberals Demise http://sweetness-light.com/archive/credit-cards-to-stick-good-customers#comment-147165 Liberals Demise Tue, 19 May 2009 18:59:53 +0000 http://sweetness-light.com/archive/credit-cards-to-stick-good-customers#comment-147165 They will all follow suit because Barry Da Butcher has got to do something about people who pay their bills on time. As for me.....I just cut up my last (Capital One) card because this recession we are in just pulled my credit score down from good to bad without using my card. I had to rebuild my credit after 2 divorces and never had scores this low. Credit will never be like it was before thanks to the Libtards and their universal "we is alls gots to be da sames" attitude. (and it sucks) They will all follow suit because Barry Da Butcher has got to do something about people who pay their bills on time. As for me…..I just cut up my last (Capital One) card because this recession we are in just pulled my credit score down from good to bad without using my card. I had to rebuild my credit after 2 divorces and never had scores this low. Credit will never be like it was before thanks to the Libtards and their universal “we is alls gots to be da sames” attitude. (and it sucks)

]]> By: proreason http://sweetness-light.com/archive/credit-cards-to-stick-good-customers#comment-147162 proreason Tue, 19 May 2009 18:49:14 +0000 http://sweetness-light.com/archive/credit-cards-to-stick-good-customers#comment-147162 "Aaaah, I love the smell of redistribution in the morning" Genaralissimo Obamy “Aaaah, I love the smell of redistribution in the morning”

Genaralissimo Obamy

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