Wednesday, July 15, 2009

Boycott the Banks As Best You Can

It ain't easy, but someone's got to do it. The banking and credit industry is going to fight tooth and nail Obama's proposed Consumer Financial Protection Agency. They are already resorting to ugly tactics with innocent people like me. I get my latest credit card account from TD Bank Visa and I am charged $39 for a late fee (I was late for one day) and $7.80 of unspecified finance charges apparently related to me making a purchase with the stupid card. This beside their 3% charges on foreign purchases. So basically I'm paying these legalized criminals around $65 just because it suits them. I called them and threatened to cancel the card. Supposedly,they waived the late fee and the finance charge to keep me as a customer. I'll believe that when I see it in the next statement.
But this is what I'm going to do. I may cancel the card altogether once I have a zero balance or I will never use it again. Let them spend money sending me shit and let me keep a zero balance on it forever.
These people decided to upgrade everybody into a"Platinum" card that supposedly gives you rewards, although it is not clear what those are or from whom. In the meantime, if you bother to read the fine print, a sort of Brothers Karamazov in very, very small type and very, very intrincate legalese, you realize that they charge usurious charges for absolutely everything, from late fees, to interest rates, to charges they pull liberally out of their wazoo.
I have never paid interest on my Visa card. I only have it in case my Amex is not accepted somewhere.
Well, now I'm going to use it even less. Learned my lesson. From now on, when traveling abroad, I will use my ATM card to change money and try to use the AMEX for everything and pay cash for everything else. Fuck 'em.

This is war.

1 comment:

  1. We usually pay off the Visa card but one day we noticed that the interest rate was 22%. Whoa. I called, they lowered the rate somewhat but when I still protested they said that they couldn't lower it any lower because I paid late one time in 1998....11 years ago. Predators!