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I've been a credit card holder for longer than some of you, Gentle Readers, have been alive. While sadly, I have more than my share of credit card debt, I am fortunate in that I am able to pay more than the minimum. So why are the evil Credit Card Empires cutting my credit limits and increasing my interest rates? On the big, corporate, balance sheet you would think that I look like the golden goose... I'm never late, pay a bit more than the minimum required and have been a customer for years. OFF WITH 'ER HEAD! Oops, I mean, credit limit.
Yesterday's mail brought me the latest from a company to remain nameless... Okay, initials only... BoA. Glossy brochures trumpeting my privacy policies and what-not on cheap paper. It's the "what-not" that they hope you toss. Interest rate increases, penalty increases, poke your eye out with a spoon rate increases. Now I can decline all of that and here, the instructions get a little fuzzy. I think it involves a GPS scavenger hunt, plasma donation and sperm count?
Never fear Gentle Readers, I shall foil their evil machinations and return my interest rates to the now arbitrary rate I signed up for. I can't help feeling a little cranky about all of this, though. Following the rules I signed up for just isn't good enough any more. So what should the honest folks do now?