Q Talk

[rms1954]

It's not just Synchrony ... all ccs are doing it.  Why would you think it's not legal????

[SaveTheTurtles]

@What can I do  How about only buying what you can afford or not buying at all. That's what you can do!🤔

[Tori3569]

I am not a fan of all the virtue signaling posters who pile onto a poster who may carry a balance on a credit card.  Many people do and shouldn't be chastised by so many.  

Yes, the OP asked what she can do AT THIS POINT.  So repeating pay off your balance every month is not helpful. For all of you who can, congratulations on being fiscally responsible.  However,  that is not reality for many people.  

The helpful responses were the balance transfers, which is hopefully an option she can pursue.  

[Steffdoggy10]

I paid off my QVC account and closed it. Tired of the greed. Closed it on principle alone.

[Icegoddess]

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@Tori3569 wrote:

I am not a fan of all the virtue signaling posters who pile onto a poster who may carry a balance on a credit card.  Many people do and shouldn't be chastised by so many.  

Yes, the OP asked what she can do AT THIS POINT.  So repeating pay off your balance every month is not helpful. For all of you who can, congratulations on being fiscally responsible.  However,  that is not reality for many people.  

The helpful responses were the balance transfers, which is hopefully an option she can pursue.  

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@Tori3569 OP does not have to pay off his/her balance, s/he only needs to pay the EZ pay amounts each month and no interest will be charged.  It would behoove him/her to either stop charging or find a better card to charge to in the future.  

Now if it's not EZ-pays, I did see at least one poster mention finding a lower interest card to transfer the balance to.  

[Roscoe the Rascal]

I no longer use easy pays and they add up.  I always paid my charges every month and no interest charged but once you start getting behind it is hard to catch up.  I got tired of my money going out to pay off stuff I thought I needed but didn't really.  I started about a year ago paying as much a head as I could to get rid of the easy pays.  

I now only buy from the Q very little.  I ordered two Christmas gifts on free shipping and no easy pay but I did use my Q card.  When the bill comes I will pay but also have set a limit for myself.  I would rather go out and shop anyway.  I got stuck in a rut during Covid. 

I just got to thinking what if something were to happen and I couldn't make my payments each month and then get behind and damage my credit too.  No thanks.  

All credit cards are out to get you if you let them.   They offer all these wonderful things but be late on a payment or pay minimum only well then look out.

I was at old Navy with my grand daughter and we picked up some school clothes.  Get to check out and ask if I wanted to open a card and how much I could save today.  It was a good amount but I declined.  Last thing I need is another card and I planned on paying what I did so easy pass.  They try and get you for sure on both ends.  

The issue is not really the credit card company, although they get away with murder it seems on interest, but how we use them.  

[CalminHeart]

High prices and interest are really just corporate greed. 

[THEY CallMe Mr Wilkes]

I have absolutely no problem with the currently "high" interest rates whatsoever. 

As a saver and investor,  I am benefitting greatly from 5%+ CDs.  I will be sad when these rates don't exist at renewal dates.  There is always another side to a negative news story which rarely is told.  Many individuals also benefit from rates at current levels, not just "greedy corporations."

(And historically, current rates are really not all that "high."  The Fed Funds rate reached 20% in 1980.)

[Catch71]

All cards carry high interest rates now. Every card I have is sending me notices of interest rates rising. It's not just Synchrony. Sounds like you are buying more than you can afford; first step should be stop watching and buying and buy what you need locally in cash if you can.

[geezerette]

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@THEY CallMe Mr Wilkes wrote:

I have absolutely no problem with the currently "high" interest rates whatsoever. 

As a saver and investor,  I am benefitting greatly from 5%+ CDs.  I will be sad when these rates don't exist at renewal dates.  There is always another side to a negative news story which rarely is told.  Many individuals also benefit from rates at current levels. 

(And historically, current rates are really not all that "high."  The Fed Funds rate reached 20% in 1980.)

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@THEY CallMe Mr Wilkes 

Ah, those were the days!  We got 22% on one CD back then!