Re: !

dont.bug.me@xxxxxxxxx wrote:
This is just my opinion, but any number over ZERO cards is too many.
You people that think your cashback rewards are FREE MONEY are
suckers. Nothing is free..... You WILL pay them back every cent of
that "free money" and many times more. Guaranteed....

"Sharona" <rx63787@xxxxxxxxx> writes in response:

I respectfully disagree.

Well, I'm going to disrespectfully disagree. "dont.bug.me@xxxxxxxxx"
made a ton of mistakes and thinks that just because s/he was an idiot,
no one else in the world can cope with having credit cards without
making the same idiotic mistakes. That's just stupid.

Furthermore, his/her story does not ring true, and I'm pretty darn
certain that we're not getting the whole story.

Some details...

I used to believe the same as you. I paid in full every month. Then
I had a month where I ran up a significant debt because I moved, and
knew I would have to pay a little interest. But I felt that was ok. I
mean, isn't that one of the things that CCs are for?

Yes, it is.

WRONG. Just because I did not pay in full, I had my interest jacked
up on ALL of my CCs.

Many of the credit card companies will raise your rate if you miss a
payment on another card, or if you don't make your minimum payment on
their card. I've not heard before of a REPUTABLE credit card company
raising your rate just because you carried a balance on another card.
That's just nonsense. If that is really what happened to you, and I
find it rather hard to believe, then the right answer would have been
to immediately cancel the card and switch to a card from another, more
reputable company.

The rates doubled or trippled. The next time I
made my payment, the CC company insisted they did not receive my
payment in time, even though I sent it on time, the same as I had
always done before.

Or maybe they didn't receive it on time?

I've had late payments before on cards with which I have an excellent
payment record (which you're claiming you had, since you're claiming
you paid your cards in full every month). I've even had *missed*
payments for whatever reason. In every case, when I've called and
explained the problem, they've waived the late fees and other
penalties; in most cases they've even waived the interest.

If you had an excellent payment history and were late for a payment
and they screwed you over, then again, the right answer is to switch
to a reputable credit card company, not to declare that all credit
card companies are evil. Or, perhaps, to not send your payments in
late in the future.

Everything I did, the CC companies did their best
to screw me over. Late fees, more interest, fines, etc.

There are strict rules about what they can and cannot do to you for
missing a payment. If you take the correct basic steps to address the
problem, e.g., SENDING IN THE DAMN PAYMENT, There is NO WAY IN HELL
that they can legally do this, which you claim they did:

In the end, after they screwed me simply because I needed a short term
loan amounting to about $2,250.00 I ended up paying slightly over
$1000 for this loan in the end, and that was within a total of 3
months. Think about this. That's almost 50% interest in the end, for
a 2 to 3 month loan of $2,250.00.

Either you're full of ***, or you're a complete moron. Or perhaps
both, given this drivel you've posted.

I owned one of these CCs for about 9 years, the others for 5 to 6
years (4 cards total).
During the entire time I owned these cards, I got about $450 cash back
(only one card offerred it).

In 9 years you only made $450 in cash back? I've made almost $370 in
cash back in the last year alone, and I'm sure there are people who
make more than I do. Even if every other thing you wrote is completely
true, that alone proves that what's true for you is hardly true for
everyone.
.