Comments on: 5 MORE Ways To Screw Your Credit Card Company

By: Meaghan

Meaghan — Thu, 14 Jan 2010 00:48:33 +0000

Good advice! I particularly agree with avoiding credit cards with an annual fee. There are so many card options out there that there is no reason to have to pay to use a credit card.

By: Allison

Allison — Wed, 13 Jan 2010 23:01:02 +0000

I think another great way to screw to credit company is to pay it off every month and then use the miles they give to to go to Europe

By: Best of December 2009 | Credit Guy

Best of December 2009 | Credit Guy — Tue, 05 Jan 2010 09:02:38 +0000

[...] 5 MORE Ways to Screw Your Credit Card Company – Squawk Fox [...]

By: » Best of December 2009

» Best of December 2009 — Mon, 04 Jan 2010 17:43:23 +0000

[...] [...]

By: Bill

Bill — Fri, 01 Jan 2010 16:06:03 +0000

I love the 0% offers, or at least I used to love them more. It is an arbitrage opportunity. Take their money interest free, stick it in a savings or high interest bearing checking account up to 5-6%, then make the minimum payment until the year is up, then pay off the card. You must be careful and disciplined, but this is an easy way to make some money.

By: Michael O'Hairy

Michael O'Hairy — Wed, 30 Dec 2009 03:35:30 +0000

My Credit Rating was Hooped!
I signed for a credit card at Costco, and actually got one.
Use it all the time, and am careful…but a pleasant surprise!

By: Sioux falls cars

Sioux falls cars — Tue, 22 Dec 2009 22:04:35 +0000

Even with all this advice and strategies, the credit card companies STILL make tons of money!!

By: Elisse

Elisse — Mon, 21 Dec 2009 00:03:55 +0000

Would just like to mention- and this is from a bankruptcy atty.- that if your credit card debt goes to “collection”, this means it has been sold off to a collection agency or lawyer for pennies on the dollar- and almost Never includes the paperwork. Which means they can’t do diddly-squat if they take you to court and you insist that you don’t belive you owe what they are claiming and you demand to see the signed agreement and signed charge statements. They can threaten and act scary, but if they take you to court and you formally request that they produce the original signed agreement and signed receipts, and they don’t have it, the case will be dismissed. What these companies are counting on is that you’ll be so intimidated that you won’t turn up in court (in which case they win by default), or that you’ll admit to owing them what they say you do (which often has tremendous interest and fees added to whatever the original balance was). If you respond to a threatening letter (by registered mail), stating simply that you don’t believe you owe what they are claiming and requesting copies of the original signed agreement and receipts, and they don’t send it, you’ll know they don’t have it.

By: Best of Personal Finance Roundup: 5 More Ways to Screw Your Credit Card Company- Financial Eyes & Ears

Sun, 20 Dec 2009 13:49:26 +0000

[...] 5 More Ways to Screw Your Credit Card Company — If you missed out on the first installment, it’s not too late. This second look at how to keep all your hard-earned money in the face of a credit-crunched economy is a good read for anyone with usable plastic in their wallet. Squawkfox [...]

By: Christina

Christina — Sat, 19 Dec 2009 05:04:50 +0000

Very interesting. Actually a friend of mine thought me how to avoid paying annual fee…haha..just tell them you’ll have it cut-off because you have other offers and other existing cars…those sort of things…Honestly, it did work for me.