I’m bustin a coup d’etat on them!

I was chatting with some co-workers today about telemarketing calls, which got us on the topic of credit cards, which lead me to review my own card’s rates, features, and other programs. I have realized that I need to cancel the one credit card I still have and get a new one. Currently we are paying $6 month for “membership fees” and the APR is at a WHOPPING 26.99%! Good thing we don’t tend to keep a balance on it.

I think I need the following to make me really happy with continuing to keep a credit card available:

– No annual Fee. Period. I hate the idea of paying for the “privilege” of membership AND paying interest. Tell ya what, I’ll pay an annual fee of $135 if my APR is a fixed non-introductory rate of 0% for the lifetime of the card.

– APR of 11% or less (8.9% preferable) on purchases. I don’t care about cash advances because I never use that feature of my credit cards.

– 5% back on GAS, groceries, and pharmacy purchases. 1% back on all other purchases.

– Fraud protection. I don’t want to be on the hook for stuff I didn’t authorize.

– Extra cards at no additional cost. I want two cards; one for me, and one for Jean.

– Travel Accident Insurance. Really, it is just a good thing to have.

– Auto Rental insurance. I honestly don’t want to keep paying $19.50 for insurance every time I rent a car.

It is time for me to take back control of my finances. No longer am I content to take whatever I can get because my credit was bad. Nope, those days are behind me now. I am now able to start demanding better rates and rewards, better service, and more of my money in my own pocket!

Viva la Revolution!!!!

2 thoughts on “I’m bustin a coup d’etat on them!

  1. Not an ad

    but really, Jason, what you describe sounds like my Amex Blue card. No cashback, but points, which add up.


    1. Re: Not an ad

      That is actually one on the list I was looking at. We’ll see. I think I’d like to keep a Visa card though, cause lots of places don’t take American Express, and Jean (and I through the grace of marriage) have had some bad experiecnes with the AmEx green crad…. but that’s a story for a later time.

      On the plus side, I DID call CapitalOne today and got my interest dropped to 9.9%. So that should hold me over a bit.

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