[quote=scaredyclassic][quote=flu][quote=Hobie]Re: 27% interest. I got nailed with this one. If you are late you trigger the ‘penalty’ rate. This ‘penalty’ rate continues for several months. Best to set up auto payment so when you are traveling you don’t get dinged like I did. Live and pay .. er learn. Ditto the great customer service w/AMEX. Hard to leave.[/quote]
If you only do it once by accident, you can call them up and have them waive it. They will oblige. Try doing that with my citibank visa… Lol…
This is one of the reasons why I never played with those 0% balance transfer offers. I am so disorganized, if I tried to play that game, I would miss a payment or two.[/quote]
with bank auto pay it’s pretty difficult to screw up.[/quote]
I still would manage to screw it up. Just two weeks ago I did a electronic transfer from my one brokerage account into my HELOC account, because I wanted to pay down the HELOC. I made the wrong transfer, and ended up doing the equivalent of bouncing a $10k electronic check. My credit union where I have the HELOC was fine and didn’t charge me anything. My brokerage however charged me $25, which fortunately they waived since it was my first time. Don’t get me wrong. If you are one of the ones that can do this, by all means. I just know I would screw it up.
Anyway, I was pretty happy that I got my Costco rebate check from my AMEX this week. It was $326. Considering most of my purchases aren’t meals or travel related on this card, it made me think that man, I charged a boatload on my amex last year to earn most of that with a 1% rebate.
