What’s in Your Wallet!
I’ve never been a big fan of credit cards. Check that. I’m a big fan of credit cards just not a big fan of credit card companies. I use my credit card quite frequently mainly to track my family’s spending habits. It helps us plan our budget each month. As a side bonus, I get points to use on hotel rooms or airlines tickets. Before I signed up for Opt Out Prescreen, the stream of credit card solicitations I received in the mail was endless. The worst offender year after year was Capital One.
You’ve all seen their commercials – Barbarians, Goths, Vandals, Vikings, et. al. are seen pillaging and ransacking until someone “whips out” their Capitol One credit card. The aforementioned savages are tamed at the sight of the credit card. Far fetched? Sure. Catchy? Definitely! Those commercials never sold me on Capitol One. Moreover, the hassle of signing up for a credit card and having to read the fine print swayed me from getting their “No Hassle” credit card.
Art sometimes imitates life. According to Business Week’s article A big lender’s credit card trap, Capitol One has pillaged and ransacked their clients with fees and penalties.
What’s in your wallet?
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