Berkeley CSUA MOTD:Entry 11586
Berkeley CSUA MOTD
2022/01/25 [General] UID:1000 Activity:popular

2003/12/25-27 [Finance/CC] UID:11586 Activity:nil
12/24   If anyone is looking for a good deal on a credit card, check here:
        It's from a motley fool newsletter. Apply by 12/31, get $50 credit
        on your statement. No annual fee, 1% straight cash rebate, paid
        yearly, visa platinum benefits. Fairly low APR, but you're a little
        dumb if you keep a balance on a credit card anyway.
        \_ Who offers that credit card? Who gets paid for clicks on that link?
           \_ MBNA and motley fool. presumably motley fool gets paid,
              since it's from their newsletter. certainly not me, anyway. -op
              \_ The deal notwithstanding, I'd never acknowledge interest in
                 an MBNA product. They're vultures. I've been trying to
                 untangle my credit score from the mess they made for a couple
                 years now. Just be careful and know that, once they have you,
                 they won't ever let you go. This is, BTW, on a card I never
                 carried a balance on. -- ulysses
                 \_ could you please elaborate?
                   \_ Briefly, my alumni assoc offered a card through MBNA. I
                      took it. I canceled after two years of near non-use. They
                      never cancelled the card. I found out and determined the
                      undead card was affecting my credit score (check it, this
                      is true) and found out they hadn't canceled it despite
                      my request on their records. I asked for cancellation
                      again, and a letter. I got the letter but they never told
                      Equifax and the rest. Three months ago I figured out the
                      card is still there on my credit record as account open.
                      Meanwhile, MBNA has been pinging my credit record with
                      credit checks about every three months. This is harmless,
                      I am told. The last is my request to Equifax that they
                      correct their records (Everyone should go to
                      and order a free report by mail, btw. There were
                      numerous errors and they have no incentive to correct.)
                      As far as I know, it's now all fixed.
                      This is aside from the dangerous credit card checks they
                      mail to all their customers, even after repeatedly
                      telling them not to. On that issue, I eventually got an
                      operator willing to tell me the truth - that they have no
                      policy except to always send those checks out.
                      \_ WHAT IS THE LINK FOR THE FREE REPORT?   I just see
                         reports for sale.
                      \_ just because you've had a bad experience doesn't
                         mean everyone else will. the post below me probably
                         contains more truth than the poster thinks. i've
                         heard bank one horror stories, but i've had two cards
                         with them for a few years, and everything's gone quite
                         fine. i don't doubt both of them being platinum cards
                         has at least a small bit to do with it.
                         \_ I'll accept his bad experience over yours because
                            if they treat one person that way they can treat
                            me that way too.  For example just because my
                            friend hasn't yet been screwed by PayPal doesn't
                            mean it's safe to use PayPal.
                      \_ i requested mbna to stop sending me those and they
                         did indeed stop...   maybe they only play nice with
                         "platinum plus" customers.
                         \_ Mine was a standard card at the time so perhaps.
                            -- ulysses
                      \_ I thought you could get 1 free report per year.  Does
                         equifax do this?
                         \_ Are you in CA?  I've only see them charge, never
                 \_ thank you for posting the one non-useless/idiotic post
                    on this thread.
        \_ Not dumb to keep a balance if you get 0% or 2.9% interest rate
           on balance transfers. I will borrow all the money I can at
           those rates.
           \_ you'll pay finance charges too, and whatever other fees they
              can manage for you. also, maxing out your credit line does
              not look good on your credit report.
           \_ You get the 2.9% or they get the 2.9%?  At 0%, sure that's fine,
              but read the fine print to make sure there's no end of the year
              gotcha or other penalty.  They have to zing you somehow to make
              their money.
              \_ They're betting you'll forget a month's payment  somewhere
                 along the line.  AT this point they cancel the 0%, and
                 charge you $35 late fee.  And most of those balance transfer
                 deals come with a 3% balance-transfer fee.  Occasionally they
                 do wave the transfer fee, so watch carefully.
                 \_ why bother?  why not just live within your means?
                    \_ Leverage. If you try to pay cash for everything
                       you will ever buy (house, car, tuition) you are
                       burning capital. Use your capital where you need it
                       most. Many companies, for example, buy items on
                       credit even when they have lots of $$$ in the bank.
                       Why pay today when you can pay later?
                       \_ What he said. Plus, if you can borrow money at
                          2.9% and use it to buy bonds paying 4.5%, you
                          get free money. Will you lend me $1M at 2.9%
                          interest rate? Pretty please?
                          \_ what kind of bonds?  some bonds are pretty
                             risky these days.
                             \_ he's talking about the return on his investment
                                in the bondage video industry.
                             \_ 10 year US Government treasury bonds.
                                \_ According to Mr. Inflation on the other
                                   thread up top, we're all doomed if we
                                   invest in America.
                                   \_ i think if you invest in the bondage
                                      video industry as i suggest, you will
                                      not be doomed.  besides, the Yen
                                      is doing just fine.
                                      \_ The Indian and Chinese porn industries
                                         are putting them out of business with
                                         all that off shore porning.
                                   \_ there are still some reasonable
                                      investments in the US (carefully
                                      picked stocks for instance), but
                                      don't "invest in America", invest
                                      for your own gain.  That's not only
                                      in accordance to the market principle,
                                      it's also in the best interest of
                                      America (use foreigners to earn money
                                      for us).
                                      \_ Uhm duh?  There isn't an "invest in
                                         America" option.  No one is going to
                                         blindly "invest in America".  They're
                                         going to put their money on something
                                         they believe will increase their net
                                         worth or short term income.
                                \_ which may fall like a rock once interest
                                   rates rise?
        \_ How is this better than Discover?
2022/01/25 [General] UID:1000 Activity:popular

You may also be interested in these entries...
2008/7/9-11 [Finance/CC] UID:50504 Activity:nil
7/9     "Gas stations' sneaky trick"
        I'd think it's illegal unless they display both prices.
        \_ This is a violation of their CC agreement.  They're not supposed to
           charge different prices if you use a CC.
           \- while i believe that is normally true, i think there must be
2007/2/23-26 [Finance/CC, Politics/Domestic/Immigration] UID:45807 Activity:nil
2/23    B of A starts offering credit cards to people w/o SSN:
        That's strange.  My dad got a B of A credit card in 1980 when he
        didn't have an SSN and was on a work visa in the Bay Area.  Today he
        still doesn't have an SSN and is still using the card overseas
Cache (209 bytes) ->
The credit card application link you requested is currently unavailable. Your business is important to us. Please call us at 1-800-932-2775 and we will be happy to process your credit card request immediately.
Cache (4206 bytes) ->
PayPal Sucks is an anti paypal site to expose the nightmare of doing business the paypal way. Post your complaints, troubles, fraud stories, lawsuits, and other dissatisfaction in the forums . Read the links & faq pages for help in resolving your paypal troubles and complaints. Read the options page to find an alternative to paypal, perhaps even get yourself your own merchant account to access credit cards directly. According to PayPal accepting their ToS Terms of Service in effect means you waive your rights to credit card consumer protection laws, and that you may not issue a chargeback for unauthorized use of your credit card and PayPal account. Paypals fees for NON-credit card funding are the same as for credit cards! We understand Paypal charging a fee when you fund your account with a credit card. And we understand there is a lot of fraud with credit card funding. However, most of the money sent within the Paypal system no longer comes from credit card funding. However, money spent from PayPal account to PayPal account is subject to the exact same fees credit card purchases are! That is, there are no fees at all to Paypal, and there is almost no fraud at all with this money, but Paypal charges the SAME fees to transactions with NON-credit card funds! Thus every transaction makes PayPal money, but its nothing more than an entry in a computer database on their system. UPDATE: - We all get a win from PayPal: As a result of customer complaints, PayPal has also received inquiries regarding its restriction and disclosure practices from the Federal Trade Commission and the attorneys general of a number of states. If PayPals processes are found to violate federal or state law on consumer protection and unfair business practices, it could be subject to an enforcement action or fines. If PayPal loses the litigation described above or becomes subject to an enforcement action, it could be required to restructure its anti-fraud processes in ways that would harm its business, and to pay substantial damages or fines. This according to eBays annual report filed 3/8/2004 with the SEC. You, me, and all the others who have sent the letters, faxes and e-reports to the FTC and Attornies General. They were fined because they did not honor the consumer credit card protection laws. But in this CNN article PayPal says they will honor claims only filed within 30 days. I know my credit card has a 1 year policy for chargebacks and 90 days for billing disputes. So you still dont get equivalent consumer protection when using PayPal. One important note: First time PayPal openly tells you they will debit your bank accounts for amounts owed. Theyve stated this in previous ToS, but always hidden behind the wording. Paypal lawsuit moves forward The lawfirm Girard Gibbs & De Bartolomeo has asked for the status of your problems with Paypal. If your account is still frozen or paypal has taken money from your accounts without your authorization, they want to hear from you . Dont understand why you have to submit to this new terms of service? Ken Dreifach Chief, Internet Bureau NY Attorney General Scams abound with PayPal! If you are looking for the link to the class action lawsuits, click on links and its there. Heres how PayPal/X thinks of you: As for the PayPal users on eBay complaints, Sollitto said the company reads them, but takes them with a grain of salt, believing many of the complaints to come from a vocal minority of squeaky wheels. Note to Sollitto: It was a vocal minority of squeaky wheels that founded this country! Some numbers to consider: PayPal does $16million per day in transactions. Multiple that by their average of 29 and you see they are making $464,000 A DAY, or about $14Million a month. One would think they could hire some real customer service people to handle customers issues. Note: this information is about a year old and just before eBay bought Paypal. Since doing so, we have been unable to find current transaction numbers, but we are sure they are higher now. Disclaimer: Some of the language in the forums can get a little colorful. We do not condone such language, but we also realize people are angry over what PayPal has done to them.
Cache (695 bytes) ->
Identity Theft. If you are a victim of Identity Theft > Tips for Preventing Identity Theft PROTECT YOURSELF FROM IDENTITY THIEVES > Try Equifax Credit Watch(TM) Gold > free for 30 days > Protect your family with > Equifax Credit Watch(TM) > Family Program SEE YOUR CREDIT SCORE Includes your Equifax Credit Report > Credit Score GET YOUR CREDIT REPORT > 3-in-1 Credit Report & Credit Score > 3-in-1 Credit Report > Equifax Credit Report Take control of your credit now! Answer your business needs with Equifax Business Solutions. NEW! Get valuable information on small businesses with the Small Business Credit Report! Equifax Business representative today! Become an Equifax Business customer!