Has anyone who received a rate increase, in March, from January statement notice, received a lower interest rate, yet???I was wondering if anyone has called or written and asked for a lower rate and received it or not,yet?? I've tried and tried and they just say there is nothing they can do about it. Well, there is something I can, and will, do. I will transfer it to another account. And then close First USA, FOREVER.
I WROTE TO THE ADDRESS OF THE NOTICE...I TOLD THEM THAT IT WAS "NICE" TO OFFER ME THE HIGHER INTEREST RATE OF 22.49% (WITH-OUT ANY REASON)...BUT I DECLINED THEIR OFFER. I think I mailed it MONDAY...
George, did you just receive the notice? I was supposed to have received one in my January statement, with all the other junk. I never got the chance, at that time, to opt-out. By the time I found out about it, they said it was too late. I had a 9.9% fixed rate. What a bunch of cr@p. I called 3 times and sent 2 letters. What was your rate to begin with? Mine went up to 16.9%. See??what a bunch of cr@p. They pick and choose what they are going to do to different people. They told me twice, EVERYONE received the same notice. That's a lie. I have NEVER been late or missed any payments. No BK. Are you sending a letter opting out and closing your account, to keep your old rate? Were you offered this? Thanks for your help, George.
One time of the four times I called on this matter, they "INFERRED" that I must write to the address and decline the higher interest rate, then maybe they will "GIVE ME AN OFFER I CAN'T REFUSE"???
George, you are a very wise man, to decline their offer. I think my sin is too much credit, also. I have never once asked for a credit limit increase. But, they keep raising it as the years pass. Did you say you have had an account for years? Is it a credit card? You should have a 2.9% Fixed rate for the rest of your life on that one. Well, it was wishful thinking.
I have a Wingspan that comes of of First USA and I haven't gotten anything from them about an increase. Of course I don't have that great of a rate to start with. It was 16.74 for a long time and then recently lower it to 15.74. I only owe them about $200 and I have a 1900 credit coming in a few says so I won't have a problem. After I get my credit check from them I am canceling anyway. judy
judyputy, that is the smartest thing I've heard today. I think First USA did a really sneaky thing. Hiding the notice in the statement, then raising the rates 6.59%. I can't wait to close mine.
GEEZ LOUISE! I think I typed that last response in the dark! I had so many misspelled words and typos, it looked awful. Too late to edit. Didn't want anyone to think I was somebody else. judy DUH! just saw the spell check. Wake up judy
nelsonfan, I received notice from First USA and they wre going to raise my rate. I checked my Yahoo Visa statement this month and they actually lowered my rate to 9.9%. I don't bother to ask them and took the best rate that they gave me. By the way I paid in full every month. Ron.
