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As much as I distrust credit card companies...

August 7th, 2006 at 08:33 pm

because, as mentioned on a forum here, they will change the terms and conditions agreement of the contract at will and repeatedly,

I am considering applying for the Discover Platinum Gas Visa and ditching the MBNA Platinum Plus card I've had for seven years but haven't used for four.

MBNA reduced the grace period to 20 days.
According to a Website, Discover still has 25 days, plus a 0% balance transfer introductory rate for 12 months. Plus 5% rewards for using the card for gas. I could get a whopping fifty cents back at the gas pump!

MBNA switched to American Express from Visa. Why, I don't know. I think one has to pay the American Express off in full every month, right? So what good would those convenience cheques with the 0% offer for nine months do me?

Then again, Discover's CEO didn't die, leave his idiot son in charge, who then made so many deleterious changes and bad decisions that the company's profits went down by 94% so that it was engulfed by Bank of America either.

I checked bankrate.com and whoa! 20 day grace periods are now the rule, not the exception!

1 Responses to “As much as I distrust credit card companies...”

  1. PRICEPLUS Says:
    1155025211

    Always good to review CC's for the best combination of benefits for you! Remember though that CCs must be handled with care or they will bite you financially!Smile

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