New Biz Plan - watcha think?

Discussion in 'Credit Talk' started by DanS, Oct 5, 2003.

  1. DanS

    DanS Well-Known Member

    I've learned a lot reading the posts here. Based on that, I have an idea for a new credit card company that can easily stand out from the pack.

    Based on a few simple concepts:

    1) We're actually going to do what we say we'll do. If we say the APR is x% above prime, it will remain that way until there is a review period. That review period will be stated and clear in our agreement. When you want to go over your credit limit, we'll make sure it really IS a limit and deny your charge.

    2) We review YOUR history and not everyone else's. How YOU use your card and pay us back is all we need to know. We don't need to know if your Aunt Sarah got a ticket for speeding or if you order porn for research purposes on the internet.

    3) We won't try to sell you crap. Which we know is particularly annoying if we're telling you you're late, or your limit has been reached, and we're including lotsa junk for you to buy in the same envelope.

    4) We'll charge you a service fee instead of absurd charges.

    Hmmm... sounds like Amex...
  2. RichGuy

    RichGuy Well-Known Member

    New Biz Plan

    I like number 2 a lot.

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