Question about a MasterCard

[danno1]

My current masterCard jacked up it's APR from last month's 6.99% to 13.99% the last invoice. It prompted me to seek out a new card and I found this one: Find-A-Card: Find The Perfect Small Business Credit Card | MasterCard Small Business*| MasterCard® and am curious for your insights as to whether or not it's worth signing up for? Note: no annual fee and says 6.99% APR - curious

When that page comes up, go to bottom VIEW ALL CARDS & see top MC that appears, title:
Fifth Third Bank Professional MasterCard

[jdw_fire]

Quote:

Originally Posted by danno1 My current masterCard jacked up it's APR from last month's 6.99% to 13.99% the last invoice. It prompted me to seek out a new card and I found this one: Find-A-Card: Find The Perfect Small Business Credit Card | MasterCard Small Business*| MasterCard® and am curious for your insights as to whether or not it's worth signing up for? Note: no annual fee and says 6.99% APR - curious When that page comes up, go to bottom VIEW ALL CARDS & see top MC that appears, title: Fifth Third Bank Professional MasterCard

i had a card that jacked the rate and when i called them i was told that if i didnt agree to the rate increase they would freeze the card, leave the interest rate at the low level until i paid it off and then cancel the card. might be an option for you

[danno1]

I called them, that's why I'm searching for a new credit card. They said this was "across the board" with all card holders. I mean, I have an excellent credit rating & fico PLUS even sent them $1235 last month & %545 this week. That did not matter. So I'm looking for another card. I need some advice where to find a good low interest card.

[mickeyd]

Who cares what the rate is. Pay off the balance monthly and the annual interest rate is some kind of weird problem that others have.

[danno1]

Contrary to popular belief, many people use credit cards for business purposes (Not sure if anyone else here does) and do big charges on cards (advertising, phone bills, internet, printing costs, fuel for mileage etc.), when a specific month rolls around and you cannot pay it off all at once, it's nice to pay your preferred amount or even a minimum monthly amount and divert other costs on bank loans etc. I might as well not even use a credit card and simply pay with cash for everything . . . but that's impossible. Which is probably why credit cards were invented. Especially when the economy is on life support like it is now. So basically, I am STILL in need of advice as to where to find a reliable credit card with reasonable APR.

And btw: speaking of "weird problems" other people have is why these damn interest rates are so high in the first place...idiots who max them out and cannot pay them and then declare bankruptcy....so yeah, that is weird

[jdw_fire]

another thought, why do u care about APR, you should be paying off your cerdit card every bill.

[Woz2000]

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I have no relationship w/this website. They appear to make $$$ from credit card applications using their links.

[BigMoneyJim]

I've had no trouble with credit-union-issued credit cards. I have a card from an previous employer's employee credit union and one from PenFed. I've heard there are credit unions for business banking but haven't had a need to check into them.

I've found Discover to be annoying in their rate swings, promotions and credit increases/decreases. Some other banks' MC and Visas and store cards will play with limits and rates and threaten to close the card, lower the limit or kidnap a pet if I don't use the card for a while.

Actually I've never had a problem with AMEX, either, and somehow I now have 3 AMEX cards. (One for work, the Costco one and a Blue for a particular purpose.) I wouldn't say I trust them as much as a credit union, but they haven't messed with me like bank issuers and Discover have.