Money Dance: Excuse Me?
Originally published at Lane Ellen. You can comment here or there.
Why do people on the end of the line at credit card companies talk to you like they are doing you a favor?
So, Part 1 did not totally succeed - the new card I was offered had a measly limit of $400. Excuse me? It was obvious from my application that I was looking to transfer money from one card to another, of an amount larger than $400. Thanks for nothing Chase. I forgot why I hated you.
I am reminded.
So, I immediately called them and cancelled the card without having ever activated it. That won’t look perfect on my credit report, but I was NOT going to play that game.
That means that my 0% introductory rate and rate of 18.99% are now gone. I’m stuck with the evil Discover rate of 24.99%. This causes me to reorganize my snowball report, and the date of payoff becomes 20 months instead of 18. Two months. I can do that.
But, instead, today I decided to attempt the impossible - I was going to call Dell and see if they would lower my rate. Initially, they acted as if I was far too unredeemable. But then they lowered my rate by 4%. 24.99% is the rate now.
So, that causes me to, again, reorganize my snowball sheet to pay off a different card first. That’s ok though. The months stayed the same.
But it was utterly frustrating. In the mean time, other cards offer to increase my limit - all while telling me I’m unable to get lower rates. What a machine this is.