Originally Posted by phypon

I'm not sure why people are sticking up for the CC companies in this thread. You do of course realize that by making changes to CC companies in favor of the customer ultimately helps all business online since nearly 100% of transactions are CC based.

To add to what someone has already mentioned about card A raising rates because a payment to card B was late: card B changed it's due date of the statement up without informing the customer thereby causing the customer to make a late payment forcing them to pay late fees.

See how they work. So now, one cards unfair practices play into another cards unfair practices. The customer has done nothing wrong and has had the rug pulled out from under them. Now they have extra fees from two card companies and their credit rating has now been affected. It never ends.

Of course the points made about not living in excess are totally valid and I agree with that, but that's a different discussion altogether.