All Credit Card Companies Informative - Top 10 Consumer Friendly Credit Card List - Not on List (Chase, Bank of America, MBNA & Discover Card) Suprised???? - Credit Cards

Posted by Hugh_Jorgen on 2006-04-20:

I see you are at this again. You know, you really should let go and enjoy life. I'm sorry you fell victim to the evil credit card company, but this stalking them isn't doing you any good.

Posted by makingmegopostal on 2006-04-20:

Mr Jorgen, what department at Bank of America do you work in? Wouldn't it be better to apply the Golden rule in your banking practices than to bash people that honestly complain about your crooked bank?

Posted by Discoverhater on 2006-04-20:

I actually am going to do some good because I know I am empowering consumers with information so they do not fall victim to the big credit card companies and can stand up to the card companies abuses.

Are you a “status quo” person who does not challenge the status quo and will continue to let companies screw you while you exercise the “ostrich principle” and stick your head in the sand hoping the problem will go away and/or will not happen to you? I am a leader and a leader will always face resistance and antagonism from people who oppose their vision for one reason or another and try to sabotage the idea. The reasons people oppose change are usually one or a combination of the following: (1) you stand to loose power, (2) ignorance, (3) inability to adapt to changes, (4) unwillingness to change, (5) fear of the unknown, (5) person is a stakeholder in the cause and stands to loose if the process, rule or law is changed (As in this case, you will oppose me and try to sabotage me if you work for a credit card company because you stand to lose a job, revenue, negative brand image and/or shareholder funding so you will not support me even if you know I am right). I am prepared for opposition and am ready to cause changes to happen within the credit card industry. If no one ever challenged the status quo in America then we would be a stagnant nation and would never see change and growth because no innovations and/or new challenges or products would occur and/or be developed.

I am going to battle the credit card companies all the way to the Supreme Court of the United States of America. If you only knew what the credit card companies are doing to people, you would be a leader too and stand up for the citizens of the United States of America. Congress and our elected officials are not doing their job to protect the consumer so someone has to represent the people. The credit card companies and banks buy our elected officials with bribes and political contributions. The Comptroller of the Currency is actually funded by the banks so the Comptroller is biased towards the banks.

All you have to do is look at the bankruptcy reform bill put into law in October 2005. The bankruptcy bill was passed because the banks lobbied and "paid" Congress to implement the reform so big banks will have more power to rip-off consumers. The consumer is provided with less protection and cannot discharge debts as easily in bankruptcy because of the credit card companies predatory tactics.

You might as well get used to me. You are going to see and hear a whole lot more of me as my crusade has only begun. I am currently working on several class action lawsuits against the credit card companies and I have notified all the media outlets in America and have had several contact me to do a story. I am going to be the "Ralph Nader" of the 2000 decade for the consumer. I have only received positive feedback from many people in my city and from the media. They are glad someone is standing up to these credit card companies because they have all been victimized in one way or another by their credit card company.

I am also going to develop an anti-credit card website so everyone can post his or her experiences and challenges they have encountered with the credit card industry. This site will allow consumers to become empowered and not be victims and/or be victimized by the credit card companies because of ignorance or fear.

I am also working with several newspapers to take out a full-page ad to educate consumers on the credit card industries predatory and abusive tactics and let consumers know they do have choices.

Posted by Discoverhater on 2006-04-20:

I was instrumental in commencing a class action lawsuit back in 1999 against First USA in Dallas, TX and look what happened to First USA as a result of my action and many others nationwide. Consumers were empowered with information and rebelled against First USA by closing their accounts. First USA experienced a large cardholder attrition rate. They had to pay close to $400 million dollars in restitution, fines and attorneys fees. The value of Bank One's stock plummeted because of the lawsuits. First USA had to "hide" under the Chase umbrella in hopes of consumers not knowing they now belong to Chase and use the Chase name so they could hopefully get cardholders back. First USA had several class action shareholder lawsuits brought against them because of the fraud and earnings shortfalls resulting from the publicity of the class action lawsuits.

I am proud that I was instrumental in standing up for hundreds of thousands of cardholders nationwide who held First USA accounts and were being victimized by First USA's actions and practices. First USA is now a dead brand and the practices have carried over to Chase as they acquired the brand and changed the name from First USA to Chase.

Posted by Discoverhater on 2006-04-20:

Hugh Jorgen, as "Makingmegopostal" stated in his great post that proves the point of my message below, "What.....Bank of America do you work", can you answer this question for us as the question is valid as you do seem to be a stakeholder within a bank or credit card company. Your post "nicely and indirectly" tells me to leave big banks and credit card companies alone because maybe you don't want people to be informed of the daily practices you engage in and how B of A rips people off daily (If you do indeed work for them) so you are attempting to practice a little self preservation on behalf of Bank of America because maybe you have a job and/or bonus at stake if people find out how bad B of A steals from people everyday and maybe your bonus and/or salary compensation is based on how much "junk fee" income your branch generates.

As I stated before, I am not going away anytime soon so get used to me and go complain internally to your superiors within the bank that consumers are becoming vigilant to the bank's exploitative practices and maybe the bank should rethink their rip-off strategies before it is too late.

Posted by Ponie on 2006-04-20:

D-hater, I didn't even bother reading all the rants you've written here, but I have a question for you: How many times did you make late payments causing you to be slugged with late fees? And a second: How many credit cards will ALLOW you to make late payments without assessing a fee?

Posted by Hugh_Jorgen on 2006-04-21:

I don't work for any bank. In addition, I have had credit cards for many years and have never had a single problem with them. Wanna know why? Simple - I read and make sure I understand the terms and conditions before I sign my name. And once I have the card, I abide by the rules I agreed to. That means I don't go over the credit limit and I make my payments on time. If everyone else did the same, then there would be no problems. CC compaines (like all for profit business) are here to make money, the are not a public service and a credit card is not a "right" in this country.

Posted by Discoverhater on 2006-04-21:

"Ponie", you stated that you have not "read my rants" so how can you claim they are "rants" when you have not read them. You might want to read them as you might learn something.

I have reviewed your posts and for the most part all you do is criticize others who do not think as you do and I do not see you making any positive contributions to this website.

Ponie's statement "…....I have a question for you: How many times did you make late payments causing you to be slugged with late fees?" Twice and the relevance to this topic post is?

Ponie's next question - "And a second: How many credit cards will ALLOW you to make late payments without assessing a fee?” If you know the answer and can provide a list of those credit cards that do not charge a late fee, then please post a review so all of us can be informed. I do not know of many cards that do not have late fees. Some of your retail store credit cards will not assess a late fee; Kohl's is one of them. The new Citibank "Simplicity" Visa will not charge a late fee as long as you make one purchase a month with the card. Citibank promotes the "no late fee" aspect of the card but what they do not tell you and bury in the fine print of the cardholder agreement is that the purchases will start accruing interest as of the purchase date so "buyer beware". The Visa Platinum Commerce, as listed in my original post, also does not charge a late fee.

Again, the relevance of your late fee question to this post is. Nowhere in my post did I present an argument and/or challenge the issue of late fees or even breach on the topic of late fees. If you review the list of cards in my post, you will see that 9 out of 10 charge a late fee. Maybe you are just hoping to create an argument because you cannot provide any informative information that consumers can use so you have to find some way to insert your "criticism" even though the criticism is completely irrelevant to my original post.

Posted by jme022 on 2006-04-26:

Looking for thoughts here...
I paid Discover a $2000 payment online 4/3/2006. They took the money out of my account and posted it as a payment. Completed transaction, right ?

Then a week later, I decide to transfer $3000 to another higher interest rate card to pay it off. I keep track online and come to find out that Discover applied the $2000 towards the 4.9% $3000 balance transfer I did a week later. Basically what they did was apply money from a completed transaction to the 4.9% balance transfer. I understand transactions being done within the same billing period and all that.

My point is, they took my $$ and applied it to the purchase % rate, then undid that transaction to apply it towards the $3000 transfer first in the interest charge on my statement. In summary, I took advantage of a 4.9% balance transfer for $3000, and I am only getting the rate on $1000.


Can they do this ???

Posted by JG3_Dragon on 2006-04-29:

LOL!
Seeing these post here today. I know what I have done is the cure. NO CREDIT CARDS!
Find another source to back your spending activity and finance. Or you WILL be another victom of Credit Card Sharks.
:)
TT