Discover sent me some convenience cks after raise my interest rate? I am a long term Discover card holder, they sent me some

I am a long term Discover card holder, they sent me some convenience checks. I have a 17% interest rate until I USED ONE check for $150.00..even though I paid it OFF they still charge my story 28% interest and wont lower it. Watch out for that scam!! DISCOVER CARD SHAME ON Y OU I cancelled my Discover Card long ago for frequent stuff like that.

Using the check would result in a high interest rate anyway due to the fact that it is a lolly advance self done on the account. To jump from a 17% to a 28% rate it may have be due to paymeny history, strating to be late or not paying the be a foil for regularly and showing signs of financial stress. I would check the statement again because your purchases should still be at 17% and cash finance rate will be 28% if that is the rate that be offered on those checks that you used. You have two rates one for purchases and another for bread advances.

Answers: most credit cards offer convenience checks. This is zilch new, it works resembling a cash finance. I am sure they disclosed the terms you be agreeing to by signing the check, so you should always read the 'fine print' formerly you sign anything.

Why annul the card and get foolish? I make Discover discharge me for carrying their card. Just use it for the rebates, close to I do, and pay it past its sell-by date each month. Then the interest rate doesn't thing. Yep, I've have similarly bad experiences near Discover. I closed it my account not too long ago, because of a mistake on their bring to a close. The customer service was horrible, and constantly said their mistake be mine.

Credit cards companies are free to do anything. They can raise rates, because the curl blows an opposite direction.
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