it is now at 33%. they keep giving me overlimit fees because i amke the minimum payment but if the interest puts it over the limit then i get a 40.00 overlimit fee. i have put 500.00 on this card and they won't work with me. what can i do?
2007-02-09 13:34:15 · 8 answers · asked by 1st-time-mommy 1 in Business & Finance ➔ Credit
Definitely transfer the balance to a 0% interest card right away! Chase bank almost ALWAYS has one you may qualify for. But only make credit card switches like this this one time, pay off the card before the 0% intro rate ends and then either get rid of it or save it only for emergency uses!! There are some really great tips in the other responses! If for some reason you do not get approved for another card with 0% then call BofA and close the credit card account you have. That way you are only paying off what you have already built up. You wont be able to put any more purchases on the card so your balance will stay below the threshold. And at least you can avoid the overlimit fees.
2007-02-09 14:25:01 · answer #1 · answered by imisshim 2 · 0⤊ 0⤋
I have never paid interest on any credit card or bank card. If you pay your bills in full, you don't pay interest! It's absolutely crazy to only pay the minimum on a card. That is what they want you to do so they can make lots of money and you will end up in debt and in serious financial trouble. I have seen too many people lose everything because they couldn't control themselves with credit cards!
2007-02-09 13:52:35 · answer #2 · answered by Anonymous · 0⤊ 0⤋
You are better off without a credit card. Pay the thing off, budget and use your own money as in a debit card, the interest is killing you. Credit cards are the down fall of America. If you cannot afford to pay the thing at the end of the month it will stay with you until you cancel it.
2007-02-09 13:46:15 · answer #3 · answered by Mark T 6 · 0⤊ 0⤋
that is not any longer which you have good credit necessairly, it rather is that BoA practices predatory lending practices. they supply you a miles better credit shrink to attempt and entise you to spend extra, subsequently going into extra debt. My advise to you would be to repay your mastercard and save no better than $one hundred. Be dilligent with you funds. That way you will build good credit. the variety loan companies have an interest in. do no longer believe mastercard companies. they choose you to be in debt, that's how they make funds.
2016-11-03 00:55:27 · answer #4 · answered by ? 4 · 0⤊ 0⤋
I hate BOA !!! They are all about screwing you. You are going to have to pay enough to get under the limit. Then get another card and transfer the balance. Cancel this Piece of poo. good luck
2007-02-09 13:43:00 · answer #5 · answered by Lorien 2 · 0⤊ 0⤋
Welcome to the game of the credit card companies .... this is exactly what they do which puts you into a tailspin.
Here's what you do ... go to a REPUTABLE consumer credit counseling serivce. I used green path ... i paid off over $35,000 worth of credit card debt in 3 years.
google - green path debt solutions
Do yourself a favor and do it.
2007-02-09 13:40:09 · answer #6 · answered by ValleyR 7 · 1⤊ 0⤋
Either play the game by their rules and don't charge up your entire credit line (with interest) or cut up the card and pay it off.
Life isn't fair, but life is good.
And please don't whine about this, you played your credit card hand very poorly.
2007-02-09 19:49:48 · answer #7 · answered by DaMan 5 · 0⤊ 1⤋
Pay it off then ditch this card.Find a better rate.
2007-02-09 13:37:58 · answer #8 · answered by thresher 7 · 0⤊ 0⤋