Credit Card issuers are smarter than Obama...

I have two cards I do not use. I am living in Canada, so hope the law does not apply to that. I am thinking of getting one removed. But I cannot get onto the site as they gave me the wrong 3 digit number on the back or confusing it with someone else. So do I have to use it?

It's no great surprise to me. Credit card companies are nothing more than "respectable" loan sharks - they will always find a way around government and legislation, whether legally or otherwise, to extort money from people. Are there any credit unions left in the States? You could try these, if you need the money, but don't want to sell your kids to BoA / Citigroup, etc. Forutnately, I owe nothing - I'm aiming to keep it that way! - and I scam credit card companies for small amounts of cashback. I'm totally bringing down the system...

Let me first say that before that act I was not at all unhappy with my credit card companies. I had a few different ones for different things. The one that gives me 5% cash back on gas. My Discover that has 5% on some specials ever month and then 1% on everything else. My special Credit cards that went with a particular store that would earn me gift cards by using the credit card. I usually pay things right off, I've had a few times when I couldn't but I had very low interest rates due to excellent credit. Well of course this bill passed and we all knew that companies want and yes need to make a profit. Because of that bill they couldn't charge the people with bad credit what they were and it limited the number of late fees... well that is fine and dandy for the irresponsible but for me all my interest rates went up. It's not the credit card companies I'm mad at. If they got that inactive fee I will cancel that card. Not all of them will have it. I refuse to have a card with an annual fee as is. People need to start paying attention. Credit card companies provide a service and should get to decide what to charge for that service. I don't have to use them if I don't like the fee and I am free to go to a different company who offers me a better rate. The Credit Card companies are only going after the money they lose with that bill from all it's limitations. I honestly can't blame them. Every card I have went up so it's not like one is just greedy. They are just doing what is good for business.

It has to be the better way. I don't use credit cards at all. I am thinking also to fire my bank and keep all of my money on investment accounts. I am not an expert, but I have better move away from risky banks.

We have one credit card, other than our ATM. We got a notice that they were going to start charging us an inactivity fee each month. We didn't want to completely get rid of it, because we have HAD to use it in emergencies. The only thing the letter said was that if there were no charges placed on the card in a 30 day period, that we would be charge $10. So, every two weeks, my husband goes through McDonalds and purchases his lunch. Sometime in the next 2-3 days, he goes onto the credit card company's website, and makes a payment. We have no interest if it's payed before the end of the billing cycle. (So Far). We've just had to be careful about when the billing cycle ends. Our interest rate is still (so far) rather low 6.2% on this particular card, so a $6 value meal doesn't cost very much even if he does miss the billing cycle

Hello Kowgirl...we have no options..this is crazy...we would be debited if we use it on the same thing if we won't use it..what kind of Act is this? It's unfair...from being hacked, used it and never use it..we have no choice.. Go to H_ _ _ _ _ L!