Credit Card Grace Period?

[johnnymk]

Did anyone hear anything that credit card companies are eliminating grace periods? A woman at work said she saw it on TV last week. If that's true, don't they have to warn you first?

[Speedfreak]

Haven't heard anything, but hell ya they better warn ya.

[Markel]

I seriously doubt that this will happen. Those that eliminate it would lose SO much business.

[Grimm]

No grace period = no card. They can go F*** themselves if they think I am willing to pay a premium on everything I buy on a card. I can go back to cash in a minute.

[Nija]

Credit Card Companies can kiss my ass.... how dare they gie a kid a 500 dollar limit at 18 thinking he can pay it all back... pffft... that taught them :D

[Grimm]

Originally posted by Nija
Credit Card Companies can kiss my ass.... how dare they gie a kid a 500 dollar limit at 18 thinking he can pay it all back... pffft... that taught them :D

Ummm... $500 is nothing. Even an 18 year old should be able to pay it off in a few months.:confused: They just give those $500 limit cards out so you can establish a credit rating. They don't make you spend the money.

[Twilight]

I have a 13K limit on one of my cards. I really don't know what they were thinking when they set that...