FlyerTalk Forums - View Single Post - SPG American Express-- interest rate going up, no details ...?
Old Aug 8, 2009 | 11:40 pm
  #12  
estnet
All eyes on you!
25 Years on Site
 
Join Date: Dec 2000
Location: bay area, ca
Programs: UA plat, , aa plat, marriott LT titanium
Posts: 4,962
I hate them for MANY reasons - all related to abysmal customer service, but
increasing interest from 11% to 27% is obscene - making good customers pay for the bad ones. This combined with the ridiculous credit limits (2k on a new card when all my others are in the double digits) and credit limit cut backs to many excellent customers has cost them (eg I changed a xxK charge to a different cc thereby losing them a significant commission).
I don't ever pay interest on any card, but the thought that if I make a mistake or am in an accident I'd be stuck with this is really
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