Universal Default Charges
Author: Cathy
Posted: Tue Mar 14, 2006 11:36 am
Post subject: Universal Default
Out of curiosity..........can someone help me compile a list of cards that have that dreaded universal default clause? I am wondering for my own information, but if I get enough info I may writing something on it as well (I'm a budding writer).
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Author: TomfromCT
Posted: Tue Mar 14, 2006 3:55 pm
Post subject: Universal Default Charges
My wife's Gold Sears Mastercard has a Universal default of
get ready
sit down
here it is
31.5 percent....... Thirty-one point five
THIRTY ONE POINT FIVE
31.5....percent
So she better not be late on any of her other cards cuz im sure sears is drooling to kick it up a notch or 20!!! to 31.5 percent
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: iceman
Posted: Sat Mar 18, 2006 5:59 pm
Post subject: Re: Universal Default
Cathy wrote:
Out of curiosity..........can someone help me compile a list of cards that have that dreaded universal default clause? I am wondering for my own information, but if I get enough info I may writing something on it as well (I'm a budding writer).
Author: stilltrying
Posted: Sat Mar 18, 2006 6:10 pm
Post subject: Universal Default Charges
Speaking of Sears Mastercard, perhaps your wife has already noticed this; if not, be careful: after four years of the due date being consistantly the same or else varying by no more than 1-2 days, suddenly since last fall Sears is playing games with my due date. Since last fall sometimes the due will suddenly be as much as six days earlier than the usual date. Out of all my creditors, Sears is the only one moving the due date around by that much.
Quote:
So she better not be late on any of her other cards cuz im sure sears is drooling to kick it up a notch or 20!!! to 31.5 percent
A year ago Sears suddenly increased the interest rates on apparently everyone's mastercard accounts. My rate went from 15-something to nearly 24%. Sears called this a "business decision"; also, the rates are "non-negotiable", i.e. no one can call and ask for a lower rate.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Posted: Tue Mar 14, 2006 11:36 am
Post subject: Universal Default
Out of curiosity..........can someone help me compile a list of cards that have that dreaded universal default clause? I am wondering for my own information, but if I get enough info I may writing something on it as well (I'm a budding writer).
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: TomfromCT
Posted: Tue Mar 14, 2006 3:55 pm
Post subject: Universal Default Charges
My wife's Gold Sears Mastercard has a Universal default of
get ready
sit down
here it is
31.5 percent....... Thirty-one point five
THIRTY ONE POINT FIVE
31.5....percent
So she better not be late on any of her other cards cuz im sure sears is drooling to kick it up a notch or 20!!! to 31.5 percent
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: iceman
Posted: Sat Mar 18, 2006 5:59 pm
Post subject: Re: Universal Default
Cathy wrote:
Out of curiosity..........can someone help me compile a list of cards that have that dreaded universal default clause? I am wondering for my own information, but if I get enough info I may writing something on it as well (I'm a budding writer).
Author: stilltrying
Posted: Sat Mar 18, 2006 6:10 pm
Post subject: Universal Default Charges
Speaking of Sears Mastercard, perhaps your wife has already noticed this; if not, be careful: after four years of the due date being consistantly the same or else varying by no more than 1-2 days, suddenly since last fall Sears is playing games with my due date. Since last fall sometimes the due will suddenly be as much as six days earlier than the usual date. Out of all my creditors, Sears is the only one moving the due date around by that much.
Quote:
So she better not be late on any of her other cards cuz im sure sears is drooling to kick it up a notch or 20!!! to 31.5 percent
A year ago Sears suddenly increased the interest rates on apparently everyone's mastercard accounts. My rate went from 15-something to nearly 24%. Sears called this a "business decision"; also, the rates are "non-negotiable", i.e. no one can call and ask for a lower rate.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
posted by CardRatings.com at 10:25 PM
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