![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
lauraanne_gilmanGot a letter today from a credit card I've had for over a decade: "We are changing your Card Agreement....All your APRs (including promotional APRs) on all balances may automatically increase to the default APR if you default under any Card Agreement you have with us because you:
* do not make the minimum payment when due
* go over the credit line, or
* make a payment to us that is not honored."
All this is perfectly within their rights -- legal, if not moral -- and although I-as-Consumer want to spit at the sheer ursury of their rates (up to 29.9%), it's their card, their rules, and I'm not of a mind to give this account up, for reasons of credit rating and I doubt anyone's NOT tightening the screws anyway.*
However. What made this worth posting about (other than a reminder to READ MAIL SENT TO YOU BY YOUR CREDIT CARD COMPANY!) is the last line of the letter, which is just...beautiful.
"We hope you choose to take full advantage of your [card name] revolving line of credit and all the benefits and services we offer you."
I want to test for the invisible ink afterward that says "because just one screw-up, and we own your soul and your body as well."
Credit cards: Marvelous tools. Evil masters.
*EtA: I don't run afoul of any of those three changes, so I can afford to stay. If you do, and you get one of these... bail as soon as possible.
* do not make the minimum payment when due
* go over the credit line, or
* make a payment to us that is not honored."
All this is perfectly within their rights -- legal, if not moral -- and although I-as-Consumer want to spit at the sheer ursury of their rates (up to 29.9%), it's their card, their rules, and I'm not of a mind to give this account up, for reasons of credit rating and I doubt anyone's NOT tightening the screws anyway.*
However. What made this worth posting about (other than a reminder to READ MAIL SENT TO YOU BY YOUR CREDIT CARD COMPANY!) is the last line of the letter, which is just...beautiful.
"We hope you choose to take full advantage of your [card name] revolving line of credit and all the benefits and services we offer you."
I want to test for the invisible ink afterward that says "because just one screw-up, and we own your soul and your body as well."
Credit cards: Marvelous tools. Evil masters.
*EtA: I don't run afoul of any of those three changes, so I can afford to stay. If you do, and you get one of these... bail as soon as possible.
