I do that ALL the time... I worked directly with GM from 1978 to 1995 and
thought that I had gotten in on the ground floor when the GM Card came
Sometime after the sale, we got a letter from the
IIRC it went from $750 for 5 years maximum to $500 and 7 years...or
something like that.
Wed, Sep 24, 2003, 7:44am (EDT-3) firstname.lastname@example.org (Rico) claims:
That makes no sense to me. I buy everything I can on credit card that
has a kick back in airline miles, then pay the amount in full every
months so I don't pay any interest.
Every $25,000 I spend I get a free round trip airline ticket anyplace in
the US or a few places in Canada, every $55,000 a round trip ticket to
Europe. If you are middle to upper middle income, you can cycle a lot of
money through Visa each month. The grocery store even takes it now.
Damn well makes sense to me. I don't have the bucks to pay off a
credit card every month. I have a fixed, limited income, and get an
emergency every once in awhile that would prevent me from paying it.
New tires for the truck a couple of weeks ago, brake work today. Miss a
payment, instant credit card debt. No thanks, been there, done that.
Besides, I don't fly anymore. And, damn sure wouldn't be flying
out of the country, even if I did. Debit card works for me, same as
cash, and if I don't have the money in the bank to cover it, I don't get
Sounds like to me you think all of us are middle to upper middle
income, whatever that means. It ain't so.
The whole of life is a learning process.
- John Keel
Life just ain't life without good music. - JOAT
Web Page Update 23 Sep 2003. Some tunes I like.
That would be against the law. You'd need to look at the original
"Agreement to Terms" contract you signed when you either applied for or
received the card.
Don't feel badly about this one - we've all done that at one time or another
in our lives.
Nope - interest is money paid for money "borrow" (after all - that's what
credit really is - "renting money."
I have a Lowe's card and a Visa. They both have the same conditions. I
wouldn't put any blame on Home Depot - take it on the chin. The thing to do
is to build a wooden tray and put your "bills to be paid" in it. This way
you get to relate this whole thing to wood, solve the problem with wood, and
continue to use the Borg as your needs require.
Jim (who's been there and done that)
Thanks Jim. I did check all of my other cards, and all three are quite
proud of their Grace period. Yep, I'll take this one squarely on the chin.
I do have a "wooden tray". Worked great for dozens of years.
Now it's buried under Toddler PJ's and Diapers. :)
Write a letter explaining how they were wrong to nick you for that
fee. They may waive it.
Sometimes it happens that things are delayed in the mail. Not often,
After that fee is waived, cancel the card if you really don't like
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