dgirma

When WAMU went by the wayside i found myself stuck with this terrible card. I kept it cause I didnt want to lose the history on my credit report. Sometime last year I used to the card for an emergency and kept a balance on there for about 14 months at which point i smartened up and looked at my statement to see that they jacked my interest rate up to 29%. I quickly called and paid of the account after asking them to lower the rate to no avail. Soon after i paid it off, they lowered my limit to a mere $300.00. Naturally, i called to complain and ask why they would do this to someone that has never had a late payment, or collection on his credit report. Their response "you have too much credit" lol....they raised to limit back up to 5k which is still low compared to my other cards and I vow to never use the blasted card. So they will probably cancel it in a year or so for no activity but who cares. The only card i really need in my wallet is my AMEX :)

Love my preffered rewards card. The $175 is well worth it, this year alone I used points for two night stay at the Hyatt, airfare to Boston, and a gateway laptop from amazon.com and I still have 18K points remaining. Besides that, i locked my keys in my car and amex took care of the roadside assitance, and finally i took advantage of the preffered seating. The customer service is always great, web interface is awesome and also categorizes your spending by merchant. The iphone app is also a great and easy way to make payments and look up statements.