I received another credit card invitation today that really got me riled up. I don’t know, perhaps I am getting a little crankier as I get older, but I find myself getting more and more irritated by some of these credit card companies.
The first thing I noticed is that the credit card issuer is certainly being more sensitive in regard to the disclosure in its invitation letter. I remember the days when these invitations were filled with nothing but the perks of the card and you had to read the fine print in order to learn the real scoop. With this letter, however, many of the potentially unattractive features were spelled out in the letter.
For instance, the letter told me all about how I could have a 0% APR for the first 15 months but that I could blow that by going over my limit, failing to make a payment, or doing something else the company deems to be undesirable. It also told me that they reserve the right to apply my payments toward the 0% APR balance before applying them to the higher interest rate APR I will have to endure once the introductory period is over.
While this letter did little to impress me when it came to what the card had to offer, I at least had respect for the card for being upfront with me. And, besides, none of that information came as shocking to me anyway.
The part that bugged me was when I logged into the website to learn more about what the card had to offer me. After all, the letter had spent a great deal of time telling me what was bad about the card and very little about what was good.
What I found when I logged in was that there were a few benefits I could enjoy while at Disneyland or Disney World. Most of the benefits were not too impressive, but would be nice little bonuses to enjoy. But, what I had a problem with was that most of the benefits had a disclaimer saying that I had to specifically ask for the offer while using the card. Shouldn’t using the card be enough to get these little extra perks? Now, I have to go around asking for the benefits? How in the world am I supposed to keep track of the benefits, particularly when many were only for “select” Disney restaurants or for “select” Disney merchandisers?
This card seems like a waste of time to me. Perhaps I am wrong and someone out there can tell me how great this card really is. But, as near as I can tell, it would do very little good for me unless I was rich enough to book a Disney vacation several times a year so I could take care of the 0.0% APR you get when booking Disney trips. Then again, if I was that rich, I probably wouldn’t much care about the APR, now would I?
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