I have just one Credit card (citi) a low credit limit (1,500) I score in the mid 700′s, keep my statement balance below 8% whenever possible and pay that off completely when due. Over the past couple of years my APR’s went up, but it didn’t really bother me as I never carried a balance.

I felt that Citi should of at the very least have increased my credit limit but figured that I didn’t deserve it in their eyes and figuring I was low on the totem pole decided on not even bothering to ask for a creditline increase.

Now of course, I am very happy and tickled pink at the prospect of being towards the middle of the ladder if not higher, ow. I have no worries about my APR going up and in turn Citi keeps me at 23.99 % (just raised it from 19.99) If i make a purchase once a month for 6 months they will lower it by a measly 1% but who cares ? i don’t carry a balance anyway.

I feel very sorry for all the people that got the credit card bait and switch hook on the APR’s but that’s the gamble. Thank goodness that my Credit limit is low anyway because I can’t imagine them lowering it for any reason as it’s probably the lowest it can be.

I will just ride the credit plunge out and be very happy that I am accustomed to paying most of my things in cash. When i get the urge to buy a specific product I don’t really need (like a Nikon SLR etc) I go window shopping online and that seems to lessen the urge of that impulsive buy, I think thats the problem in the USA, people just let there impulses go rampant and credit cards make it so easy to purchase things that later just sit around gathering dust.

Good luck to all

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