Comments for Interesting Money

Comment on Citi Adds $60 Annual Fee to Many Cards – Watch Your Mailbox by Jan

Jan — Wed, 10 Mar 2010 02:05:53 +0000

I have had my Citicard since 1995. It was a $50.00 fee and got AA miles. Since I can’t really afford to travel like I used to, I am not concerned about amassing miles any more. I paid off every month. First the bailout, then the interest raise, then the arrogance of this company. Then the Move Your Money movement, then I got a local Credit Union card and I am now letting my citicard roll each month for a little while with a $2.99 monthly automatic charge I will pay with a check each month. They will make nothing on that if you consider labor. I will cancel before the next yearly fee comes along and I will be delighted. I hope Citibank is having some very bad days.

Comment on Grandfathered Sprint SERO Upgrade – Tips and Advice by john bexter

john bexter — Mon, 08 Mar 2010 21:26:52 +0000

i email ecare first they renewed my contract by 2 years in exchange of $70 credit in my bill…got samsung reclaim for $0 thanks to web special…

Comment on Citi Adds $60 Annual Fee to Many Cards – Watch Your Mailbox by Marco

Marco — Sun, 07 Mar 2010 23:23:54 +0000

I received the letter regarding the $60 annual fee dated 2/13/10. On 3/7/10 I called Universal Card at the number listed on my card, not the number listed on the letter. I told the CSR that this card was originally offered as “no annual fee for life”. After searching for the appropriate response, the CSR offered to transfer my call to an account manager. After a short time on hold, the manager took my information and I held while she reviewed my account. I mentioned that I had originally signed up as a “charter member”. Manager advised that based on her review, she would submit a request to have the changes to the TOS removed from my account, that the process should take 2 – 5 business days and that I would not be billed the $60 annual fee. I was also told that I would receive a letter confirming that this had taken place. So now, I’ll wait to see if the letter arrives and whether or not the fee will be billed in April. It would appear that managers now have been given some flexibility in dealing with inquiries of this sort. I have to say that the manager I spoke with was very courteous, responsive, and polite. I was even given the manager’s company ID number. After having read the replies left by others, I was very pleasantly surprised with the outcome of my call. I was reluctant to close this account due to the negative impact it may have on my FICO score, but I agree that the $60 fee is completely wrong. I would reccommed at least calling and speaking to a manager before “opting out” and closing your account if you are concerned about possible negative impact on credit score.

Comment on Grandfathered Sprint SERO Upgrade – Tips and Advice by Mr. B

Mr. B — Sat, 06 Mar 2010 05:34:41 +0000

Yep, I’m using it. Overall, I like it. Unlike my old Moto Q, the Reclaim hasn’t had a single crash, and the battery lasts for 3-4 days of typical usage. I’m slower at texting with the Reclaim, but I can’t really complain about it. The pros outweigh the cons, and I’m happy with my new phone.

Comment on Grandfathered Sprint SERO Upgrade – Tips and Advice by chunnu

chunnu — Fri, 05 Mar 2010 21:38:33 +0000

Are you using Samsung Reclaim? how do you like it? I am also thinking of buying this phone. Please let me know about the phone.

thanks in advance
chunnu

Comment on Citi Adds $60 Annual Fee to Many Cards – Watch Your Mailbox by Suzy

Suzy — Thu, 04 Mar 2010 19:17:42 +0000

For those of you who are carrying balances on the cards they are trying to sock an annual fee upon,I believe you can call citi and “Opt Out.” I think they cancel your purchasing power on the card so you can no longer make purchases, but you keep the balance and interest rate terms that were agreed upon when you made the transfer or purchase (ie. 2.99% until balance is paid in full). If you have a balance anyway, then you probably aren’t making purchases, so who cares if the card is cancelled. Plus, now you get to keep the same terms to pay off the balance without paying the annual fee or trying to transfer the remaining balance elsewhere. This is the way I understood the “Opt Out” form that I received. I could very well be wrong, but it is worth a shot if you are looking to cancel the card, but do not know where to come up with the money to pay off the balance.

I didn’t read all of the posts, so someone may have already posted something on this. If that is the case, then I am sorry for repeating what might have already been said.

Comment on VISA Black Credit Card – Exclusive or Egotistic? by Dave M

Dave M — Thu, 04 Mar 2010 01:00:30 +0000

Hey Dumbass, if you had a real AMEX card, you would know that it is CENTURION, not Centerion. You are a “No-Talent-Ass-Clown”.

I guess that your Centerion card doesn’t help you with spelling, huh?

Comment on Citi Adds $60 Annual Fee to Many Cards – Watch Your Mailbox by Mr. X

Mr. X — Thu, 04 Mar 2010 00:43:48 +0000

I’ve had my Citibank Driver’s Edge Visa since 1999. Due to responsible usage of the card, my limit has increased from $2000 in 1999 to $21,800 today. No late payments. No balances that carry over from month to month. In other words, I was doing everything right.

But I guess I was too responsible for my own good. And that just cost Citibank a longtime customer. In all actuality, I use credit cards for daily purchases and pay the balances off in full each month. I use a Capital One card for these purchases because it has a better rewards program. After all, if I’m not buying a new car, Citibank’s Driver’s Edge rebates are useless.

I know I could easily make $2400 in purchases a year, but I don’t want to be forced to do so. Good luck, Citibank. You’ll need it with boneheaded decisions like this.

Comment on Citi Adds $60 Annual Fee to Many Cards – Watch Your Mailbox by danno

danno — Wed, 03 Mar 2010 23:16:42 +0000

Over the past few years I have used my card to purchase high dollar items at a low APR till paid in full.

Last purchase was for $10,000.00 a year ago
One before that was $5000.00

Obviously one doesn’t want to charge anything on that card while the special APR’s are in effect as your payment goes to the lower APR balance first, before being applied to the high APR charges you may rack up. So yeah, I didn’t use my card.. but you made 3.9% on $15,000.00… and I paid on time and never defaulted.

Oh crap.. I’m a perfect consumer that they couldn’t charge me late fees or raise my interest rate because I botched a payment. No wonder they sent me the $60.00 annual fee letter.

Just cancelled earlier today and will make sure I avoid anything Citi from here on.

Comment on Home Depot, Hidden Fees, and the Eventual Waste of $37.50 by Mr. B

Mr. B — Wed, 03 Mar 2010 16:31:24 +0000

Wow, Doug. You missed the point entirely! Congrats!