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Originally Posted by PauletteGoddard
My credit card company is doing the switcheroo -- they don't feel they need to give me what I want because I do not carry a balance! I want my 25-day grace period that I had before MBNA was purchased by Bank of America. I want the original terms and conditions agreement I had when I first received my card.
Even though my credit has improved (I have a great mortgage, great rates on my cards), the terms and conditions agreements get more restrictive and anti-consumer, and I'm getting convinced this is a backhanded way of the banks telling me the customer not to use their cards.
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It's the old old story.... Businesses get greedier and greedier with their customers until they find the maximum point where they are getting the top return on customers.
You see the same in the supermarket. The price of chickens has nothing to do with what they cost to produce. The price the store charges is the highest price they have found that people will repeatedly buy their product for.
Unfortunately it means that we the customers always need to be mobile with our purchasing, including credit cards which at the end of the day are no different from chickens. They are both products sold at a price that will earn a profit for the people selling them.