AOPA credit card --- WARNING.

Discover is nasty about this. My ex is in debt up to her @$$. One card is a
Discover. Cash advances were at a horrific 20-30%. Purchases were lower, but
still in high teens. Majority of balance was purchases. She had money to pay
off the cash advance portion, since that was eating her alive. Dickscover
wouldn't allow it. "Pay off the purchase balance first, then you can pay off
the cash advance portion". She wont have the purchase stuff paid off for
years. Great income for Dickscover.

Now, I have a Discover too, but I never put a charge on it that I cannot pay
off in full. Never. Ever. I'll take out a loan at my bank first.

Whew, I feel better. Now, where's them leftovers....


"BTIZ" wrote in message
news:48qpd.146702$bk1.38982@fed1read05...
I've noticed that also, all balances were paid in full, and I only use the
AOPA card for aviation purposes to get the 5% rebate and then pay in full.
And yet the rate goes up on recurring balances, while they offer 4%
transfer
credit.

Read the fine print, any payments made pay off the lower interest rate
debt
first while the higher "revolving balance" interest rate continues to
accrue. Some companies do apply payments equally to all debt at different
rates based on the ratio on each debt.

BT

"RS" wrote in message
news:m3opd.97109$5K2.54232@attbi_s03...
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.

So check your credit card statements and call AOPA credit card services
to
complain.
And also call MBNA to drop the rate back down.

"Paul Tomblin" wrote in message
...
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.

They dont hate you they love you. They still get 2-3 pecent from the company
you used the credit card on. I do the same thing I buy everything on a
credit card. That way it is insured (somewhat) and I have a record. I pay
them off every month. I also have GMC card and when I buy a new car you can
get up to 3000.00 off the price of the car.
--
Paul Tomblin http://xcski.com/blogs/pt/
Microsoft - Where quality is job 1.0.1

Matt Whiting wrote in
:

Mike V. wrote:

Snip

... The unknown downside is that this passive
approach likely would have encouraged more 9/11 like attacks and the
cost of them would have been horrendous.


Matt

Your presumption is that there will not be anymore 9/11 like attacks.

In fact, both before and after 9/11/2001, there have been many Al Qaeda
sponsored terrorist attacks.

See http://www.infoplease.com/ipa/A0884893.html

In the 8 years between 1993 and 9/11/2001, there were 5 Al-Qaeda
sponsored terrorist attacks on US properties (including the 1993 bombing
of WTC, but not including the attack in Seattle that was foiled). None of
those properties were actually here on the MainLand.

In the 3 years between 9/11/2001 and today, there have been 15 Al-Qaeda
sponsored attacks, 3 of which were directly on Americans or American
properties (not including the Shoe Bomber who was foiled). Of course,
none of them has been on the MainLand either.

Statements like yours seem to be founded on some fantasy that the Bush
approach - our presence in Iraq and Afghanistan - has somehow discouraged
and curtailed terrorist attacks.

The unfortunate reality is that it clearly has not. And only time will
tell whether they will be able to deliver another attack on our MainLand
again. It is unclear what effect ANY other strategy would have had on
terrorism - whether more or less aggressive than Bush's. But make no
mistake. Terrorist attacks on the US are not DOWN as a result of Bush's
tactics...

"RS" wrote in news:XVspd.565691$mD.442744@attbi_s02:

snip
What would you do if they hiked the APR on your auto or home loan just
because they felt like it, even if you had a perfect payment history?
Well, that's what the credit card companys are doing now - they are
changing the rules mid-stream. Credit is credit - regardless what it is
for. You guys on your high moral horses about paying credit cards off
every month do not impress me (unless you have zero credit - no home,
auto, commercial loans at all).


I would immediately refinance with a company that offered a fixed rate
mortgage.


Just the same way that I don't have an AOPA credit card - but if I did, and
they jacked up my rate, I would take one of the many 0% balance transfer
offers and transfer the balance to a card that was not involved in usury.

In a previous article, "aluckyguess" said:
"Paul Tomblin" wrote in message
...
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
They dont hate you they love you. They still get 2-3 pecent from the company

No, they hate me. Do you know what I read in the newspaper a couple of
days ago? That credit card companies refer to people who don't carry a
balance and who don't pay interest as "dead beats". On the other hand,
the guys running up huge debts that they'll probably never pay off are the
people they love - they'll get 4 or 5 times the actual debt in interest
payments, and then sue the person's estate when they die.

--
Paul Tomblin http://xcski.com/blogs/pt/
I once successfully declined a departmental retreat, saying that on
that day I planned instead to advance.
-- Alan J. Rosenthal

"Judah" wrote

Just the same way that I don't have an AOPA credit card - but if I did,
and
they jacked up my rate, I would take one of the many 0% balance transfer
offers and transfer the balance to a card that was not involved in usury.
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

If you call the bank that has the account, and tell them you will be closing
your account if they do not match the other card's going rates, chances are
they will lower your rate to match.

Try it and see. It has worked for me in the past. (not the AOPA card, but
all companies want your business)
--
Jim in NC


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"RS" wrote in message
news:XVspd.565691$mD.442744@attbi_s02...
"Jay Honeck" wrote in message
news:3Lspd.391816$wV.73568@attbi_s54...
But tell me, what will you do when home, auto and commercial proprerty
loan companies hike their rates just because they feel like it? Even if
you pay on time, every time. All they need to do is lobby hard enough to
put it into law and you are totally screwed.

What then, Mr Clever Guy?

I'm not following you. If you pay "on time, every time" -- credit card
companies CAN'T charge you any interest.

What would you do if they hiked the APR on your auto or home loan just
because they felt like it, even if you had a perfect payment history?
Well, that's what the credit card companys are doing now - they are
changing the rules mid-stream. Credit is credit - regardless what it is
for. You guys on your high moral horses about paying credit cards off
every month do not impress me (unless you have zero credit - no home,
auto, commercial loans at all).



You are truly ignorant. Most secured loans have fixed rates and fixed time
periods. You should read your credit card agreements. If you think you can
do better, then by all means start a money lending business. Otherwise,
keep your mouth shut and take your whining elsewhere. If you really feel
wronged, cancel the card and take your business elsewhere.

"Matt Whiting" wrote in message
...
Jay Honeck wrote:

If you have an MBNA credit card, look at your statements...if you like
being screwed by the credit card company then ignore this thread and do
nothing.


You talk like MBNA owes you something. If you don't want to use their
damned card -- don't.

If MBNA charges you 20% interest -- and you're dumb enough to use their
card -- who cares? It's not like there aren't 100 other credit card
companies begging for your business, so either pay the bill off each
month,
or tell 'em to take a hike.

We haven't paid a nickel of credit card interest since 1985 -- and that
was
to pay for our wedding. (And I've felt stupid about paying *that* ever
since.) The ONLY valid reason to use a credit card is to consolidate
all of
your bills into one easily payable check each month.

Actually, there are lots of other valid reasons. One is that in many
places you can't do things like rent a car without plastic. Many car
rental places won't take cash.


Matt

So you pay the bill off when you get it. Get it?

"RS" wrote in news:m3opd.97109$5K2.54232@attbi_s03:

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.

Even if you pay on time? I always paid each month in full and was never
charged a red cent. Do you have a reference to back up your claim?

"Chuck" wrote in message
om...

"Paul Tomblin" wrote in message
...
In a previous article, "Chuck" said:

"Paul Tomblin" wrote in message
...
Anybody who carries a balance on any credit card is an idiot or a
sucker.

Or isn't as wealthy or well off financially as you are...

Nobody is *forcing* you to buy what you can't currently afford, you know.
Back before credit cards existed, people actually saved up money ahead of
time for major purchases, instead of all this "buy now and pay later"
instant gratification stuff.



Ya know... I didn't say that paying the balance off was a bad thing. I
guess
what kinda ticked me off about your post was you said that people were
idiots or suckers for not paying the balance. I merely pointed out that
some
people can't do that.

If I get a new job and have to go to Sears and buy $2,000 worth of tools,
I
will not be able to pay the balance off in one month. But I gotta have the
tools if I want the job.


If I had to buy $2K worth of anything to get a job, I'd be much more worried
about which column they'd go in for the deduction off my taxes.

Jay