I felt this board would be a great resource for some research that I am doing. What types of programs/benefits would the participants in this board view as an incentive for keeping a P+approximately 9% bank card? Or, as I know there are going to be those who feel there is no existing incentive that could be good enough for a P+ approximately 9% bank card; What would it take to keep you as a customer? Thanks for your time I do appreciate your comments.
Maybe if it had a great rewards program, I might consider it. I would most likely charge and pay off each cycle, running up the rewards and incurring no interest. Although the rewards would have to be better than anything that I could get currently, and most likely at a lower interest rate.
I have cards that have rates that high. I keep them to keep my balance to limit ratio good. They seem to be payment sensitive, so I charge them up and pay them off, and they increase my credit limit regularly. They report every month, so it benefits me to have that limit. That is the only reason I keep them and use them. Rewards are nice (airline miles), but I would not use them even for the rewards, if they did not report regularly and keep increasing my limit. (They are safe giving me a high limit because I would never, ever use it to carry a balance at that rate).
