So, I get this notice from one of my credit card companies. It’s the usual, “we’re changing the terms, blah, blah, blah,” type things, which people I guess usually just toss since it’s typically written in a lot of legalese. I decide to peruse the thing, see if there’s anything that pops out, and lo and behold, in the middle of the first page:<\/p>\n
Your APR for [pretty much everything] is chaning to a corresponding ANNUAL PERCENTAGE RATE<\/strong> of 24.99%<\/strong> (Daily Periodic Rate (DPR) of 0.068465%).<\/p>\n
We increased your APR due to the balances and APRs on this account.<\/p><\/blockquote>\n
Exsqueeze me?!?! I always<\/em> pay off this account every month, there’s never<\/em> a balance on it. The ‘new’ rate is almost 1.5 times more than the current (10.99%), not that any rate matters much since I always pay it off, but yeah, no, I don’t think so. I guess I don’t make them enough money as it is, so they want to squeeze more blood out of this stone.<\/p>\n
Further down there’s a procedure to ‘reject’ the change, which involves writing to them, they won’t take just calling them (which has, of course, always worked in the past – to call and object and get any interest rate changes reversed or lowered below the current). I guess I’ll be sending a letter next week. If they up the rate, that’s the end of using this card, rewards or no. I won’t close the account as it’s my oldest credit account, but I certainly won’t give them any more business.<\/p>\n
I guess the point of this is that it pays to read those standard notices (financially, at least – I won’t mention what it’s done to my blood pressure today).<\/p>\n","protected":false},"excerpt":{"rendered":"
So, I get this notice from one of my credit card companies. It’s the usual, “we’re changing the terms, blah, blah, blah,” type things, which people I guess usually just toss since it’s typically written in a lot of legalese. I decide to peruse the thing, see if there’s anything that pops out, and lo […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,20],"tags":[],"class_list":["post-345","post","type-post","status-publish","format-standard","hentry","category-credit","category-finance"],"_links":{"self":[{"href":"https:\/\/www.countfour.org\/legalmoose\/wp-json\/wp\/v2\/posts\/345","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.countfour.org\/legalmoose\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.countfour.org\/legalmoose\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.countfour.org\/legalmoose\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.countfour.org\/legalmoose\/wp-json\/wp\/v2\/comments?post=345"}],"version-history":[{"count":0,"href":"https:\/\/www.countfour.org\/legalmoose\/wp-json\/wp\/v2\/posts\/345\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.countfour.org\/legalmoose\/wp-json\/wp\/v2\/media?parent=345"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.countfour.org\/legalmoose\/wp-json\/wp\/v2\/categories?post=345"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.countfour.org\/legalmoose\/wp-json\/wp\/v2\/tags?post=345"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}