(Paul Tomblin) writes:

In a previous article, "RS" said:
If you have an AOPA/MBNA credit card then you should check the APR on your
last statements. MBNA has been raising the APR on AOPA cardholders, even if
you pay on time.

Anybody who carries a balance on any credit card is an idiot or a sucker.
The credit card companies hate me because I haven't paid a cent of
interest to any of them in 3 years. I get about 5 envelopes full of Visa
checks every month (as well as come-ons for new cards) because they want
to sucker me into that debt cycle.

Paul is what the credit card industry calls a "deadbeat"....
When the banks started the cc: industry in the 60's; they used
to cancel such people. Federal regulations somewhat constrain
them now.

There was a Frontline on the cc industry just last week. See
if your PBS station is rerunning it.
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