Credit card issuers (secured card)

**sponge** · 07-16-2009, 02:04 AM

Regardless I'm not paying any interest if I'm already paying an annual fee (as all secured cards charge) so if they cancel my account for being prudent well fuck them. That said I don't particularly believe banks are closing continually paid accounts except perhaps in extreme circumstances, if they are simply trying to decrease liabilities they'd lower credit limits to better suit the spending habits of the customers, which they're doing. All of this is more or less moot anyway because I'm talking about a secured card, where every dollar of my credit limit is backed by an untouchable deposit of my own money.

And a large amount of revenue generated by credit cards is interchange fees, banks would (assuming no bad debt) already profit if it wasn't for assholes who get in over their heads. Banks wouldn't make it so easy to make purchases and pay them off interest free if they didn't want you to do it.

**TheOriginalGrumpySpy** · 07-16-2009, 03:02 AM

I have a Wells Fargo college student account. I'm pleased with it.

**Shinysides** · 07-16-2009, 11:12 AM

Originally Posted by sponge

That said I don't particularly believe banks are closing continually paid accounts except perhaps in extreme circumstances, if they are simply trying to decrease liabilities they'd lower credit limits to better suit the spending habits of the customers, which they're doing.

Well believe whatever the fuck you want, you're still wrong. They are closing out accounts that are being consistently paid off every month, and if you really can't understand why that is, I'm not gonna keep trying to explain it. It has absolutely nothing to do with decreasing liabilities, it has everything to do with the fact that they aren't making enough money off you, and don't want you to have a card with them if you're just going to pay it off every time you get a bill.

**sponge** · 07-16-2009, 06:21 PM

Originally Posted by Shinysides

Well believe whatever the fuck you want, you're still wrong. They are closing out accounts that are being consistently paid off every month, and if you really can't understand why that is, I'm not gonna keep trying to explain it. It has absolutely nothing to do with decreasing liabilities, it has everything to do with the fact that they aren't making enough money off you, and don't want you to have a card with them if you're just going to pay it off every time you get a bill.

How about you go fuck yourself instead? As you haven't actually answered either of the original 2 questions I asked (the part prefaced with "So my questions:"), and I'm not here for advice as I'm pretty content with how I've run my life thus far and don't foresee needing the help of anonymous people on the internet any time soon.

So in case anyone else can't read, here's what I'm asking:
1. Do you have any experiences, good or bad, with HSBC, Citi, Bank of America or Wells Fargo (thanks TOGS)?
2. Do you have any experiences, good or bad, with another national bank offering secured credit cards?

Here are the things I'm not asking (sizing for effect, and so any further morons don't get confused):
1. Is she pregnant?
2. How should I run my life or use whatever card I get?
3. How many milligrams of rick scarf brand does it take to get my girlfriend to sleep with me? (Answer so far is an astounding zero although maybe if I increase that she'll let me stick it in her pooper.)