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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (62874)	1/27/2007 11:58:29 PM
From: bart13	Read Replies (2) \| Respond to of 116555

Donovan and Searles has a website, to which we may air our concerns. I highly suggest all of those who do practice fiscal responsibility to contact this firm regarding this hairbrained scheme. I just did. Thanks Mish - I did too.

To: mishedlo who wrote (62874)	1/28/2007 4:02:41 PM
From: benwood	Respond to of 116555

The reason I don't pay an annual fee on either of my cards is that both risk losing my business if they instituted one. Perhaps they think they can legislate a fee and bypass the wrath of consumers. But in reality, I'd simply drop my Citibank card and keep my better credit union card. So Citibank would try to extract $39, $49, maybe $99 a year from me. But they'd not only not get that, but they'd lose the $20k * 2.5% = $500 (estimate) fees they snip off the top of my purchases. I only keep the two cards so that when traveling, if either my wife or I has a card stolen, we'd still have the other (we each carry one). I've had cards with fees before. The fees were dropped for competitive reasons. And ironically, the credit card business earns greater fees than ever before. Truly, greedy pigmen business run by swine.