Comments on: They Must Be Catching On – Wells Fargo Tricks Instead of Treats

By: Mysti

Mysti — Wed, 28 Jul 2010 23:17:02 +0000

I had that happen….not to the same degree, but I should have just let them close the card and paid off the debt. Dumb.

By: Climbing Out » Blog Archive » Credit Card Déjà Vu – Oh Yeah, That’s Why We Don’t Get Along

Fri, 15 Jan 2010 04:13:45 +0000

[...] Paging down the statement, sure enough, our APR had gone from 16% to 23%. This is in addition to the rate increase of last October on our third largest [...]

By: Tam

Tam — Wed, 18 Nov 2009 00:32:23 +0000

Look for that “opt out” clause. I was able to do that with my Citibank card with the understanding that when the card expired they would close the account (next August). Then, last week, I get a letter that they have reduced my limit by $20,000 (that is NOT a typo) to just $150 more than the balance. When I called, they said it was because I was close to the limits on several of my other cards…WELL NO KIDDING since you just lowered the limit to the balance you big dummy!! So, with absolutely no regret, I closed my Citi Advantage MC that I have had for 18 years. We have closed 6 accounts in the past 8 months…and I just cannot wait to close the very last one because it is PAID OFF! By the way, throwing the cards in the fire pit, while enviromentally unsound, feels so good and they burn pretty colors. Love you guys!

By: Climbing Out » Blog Archive » Reader Mail #1 – A Little Cursing Never Hurt Anyone

Thu, 12 Nov 2009 21:52:10 +0000

[...] a loving observation…….near the end of the Wells Fargo missive you, for the 1st time I believe, shifted blame in a slightly vulgar vein by referring to these evil [...]

By: the Dad

the Dad — Thu, 29 Oct 2009 15:08:57 +0000

You guys are all so right. I will call and see if closing the card will help. I couldn’t care less about my FICO score either.

By: Brian

Brian — Thu, 29 Oct 2009 12:56:43 +0000

This happened to me with Discover… It was funny 1 month after paying it off they dropped the rate drastically (3 months after they raised the rate). Like Brandi and jpkittie said usually you can close the card and pay at the previous rate (as long as you aren’t late or anything). Most credit cards are doing this due to the new rules going into effect next month. Proof that the Debt / Banking industry is the most evil and insidious industry today.

By: Sharon

Sharon — Thu, 29 Oct 2009 12:10:31 +0000

I would not be able to sleep at night with that injustice…they are just trying to get it in before the new law goes into effect when they can’t do that anymore…

As Brandi said, try to close the card and not agree to the new terms.

By: pafaff

pafaff — Thu, 29 Oct 2009 12:02:50 +0000

The more and more I understand the FICO score and how it is calculated and how it affects us if we don’t “play by the rules” (aka … keep going into debt), the more furious I get.

Good luck ~ knock those people out of here.

By: jpkittie

jpkittie — Thu, 29 Oct 2009 11:03:43 +0000

that is crazy — I have gotten a few of those in the past week — one went from like 14% to 29.99% — I definately called & said that I did not agree with the terms… card closed & debt to be paid off by old apr… FICO score just isn’t on the top of my list right now if it is going to mean me paying more on current debts!

By: Perky

Perky — Thu, 29 Oct 2009 02:10:49 +0000

However you decide to destroy the card, be sure to film it and post on YouTube! That’s a video that could very quickly go viral!!!! THAT would teach them!!! LOL!