Hi y’all! Just posting a quick note for today. Guess I missed a week in my financial updates. Hmmmm….. (making mental note). Sorry, I just have been extremely busy with work that I haven’t had time to make a solid post, read or reply to my fellow bloggers. I hope things calm down soon cuz it sure is giving me a headache!
BTW, Florida was great! Beautiful weather, great people and food. The conference turned out great and I met a lot of great people!
Okay, Now to my topic:
If you have a Home Depot credit card, WATCH OUT! They are jacking their already high 22.99% APR to 29.99%!
And to think I almost threw out that piece of pertinent information. You know… junk mail. As it was making its way to the trash pile I thought, “not so quick” cuz the whole Chase/BofA issue(s) popped up in my mind. Smart move!
Moral of the Lesson: Pay your card In Full every month or carry a zero balance (like I do).
I have to say, it is really nice having these CCs PIFd when I get notices like this. What a blessing.
Happy Sunday, y’all!
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Have you considered just closing the account?
yep, zero balances! i only have once credit card and it’s only used for online purchases and travel.
Really? They just lowered mine from 22.99% to 17.99%. Are you carrying a balance? Has your FICO been dropping?
wow – that is crazy!!!! I can’t wait to get my cars paid so that I can get down to business with my credit cards!!!! Yippee — I am so excited! Good for you by looking!
Good job in actually reading the cr@p cc companies slip into your bills. And awesome job in having a $0 balance. When you pay off your cc every month, it really doesn’t matter what the APR is anyways.
Hi there-I think the beauty of owning a credit card is to Pay It In Full every month. To learn this, is to be one step ahead!!
Welcome home!
@ K-money: I have, but have house renovating intentions for it. Or I did. I am pretty good with maintaining this account and would like to keep it open for now.
@ Ms. MoneyChat: love the zero balance, too. I have one card, too. Well, that I use for those intentions. Sometimes, HD gives us pretty good deals. So, tis it remains open just incase a dishwasher breaks, etc… Of course, this is what an EF is suppose to be for, huh?
@ Rio: how did you get it lowered? I called them one time about lowering and they told me that is their “standard”. This is with a zero balance and they increased my limit from $2K to $3K. Hmmm… I my FICO is good, too. Hmmmmm, again. Well good sorts for you! 🙂
@ JPKittie: Oh the cars! They are such a pain. I can’t wait to say the same that my car is PIFd. 😉
@ shtinkykat: right you are! We PIF per month than we have nothing to worry about. 🙂
@ sharon rose: Tis the reason I don’t use it! lol!
@ moving on up: thanks! although I do miss the little disco lights that line the sidewalks. They are pretty neat to see at night!
Wow, I didn’t know that they were raising their rate, but I’m not surprised. Luckily, our HD balance is just for what my DH likes to call “rentals” – you start a project and don’t know exactly what you’ll need, so you purchase extra to keep you from having to stop the project and go to the store again. Whatever isn’t used gets returned on a future trip. We are saving the environment by saving gas for the extra trip, though, right?