Good Sam Visa Cominity Rip-Off

Question

Dear Marcus,
We have been notified by the comedy bank that any future purchases with their card will be at 24.99%. We were shocked, to say the least. We were under the impression that the Club did things to benefit the RV community. Guess we were wrong. Needless to say, we have suspended use of this card and as soon as it's paid in full, we will cancel our account. If you can't do better than this with Visa, or the extended service policy, there may be no point in continuing our membership. We'll see.
Richard Ranieri & Michelle Lavelle

robyn_barnes · Answer

Hello Richard and Michelle,I wanted to let you know that I'm reaching out to Comenity on your behalf to look into the rate increase notification you received. I will get back to you as soon as I have more information.  Thank you for your patience.Sincerely,Robyn Barnes

downtheavenue · Answer

Just lookin' wrote:We were under the impression that the Club did things to benefit the RV community. The "Club" does things to financially benefit themselves. If it also benefits the RV community then good, but that is not what they care about. They care about financially bettering themselves.That high interest rate sounds like a punitive rate. Did you make a late payment? Did you go over your credit limit?

beemerphile1 · Answer

The club is great if you actually participate in the club.

Unfortunately, first and foremost, the ownership of the club is a 'for profit' business. They have affiliate relationships with other businesses for the sole purpose of making money under the guise of benefiting the members.

triker33 · Answer

No CC is worth it, if not paid off in full each month.
Only way to not pay any interest.

I love the 3% cash back on gas, 2% cash back on grocery's and 1% on everything else bought with my Visa card. I pay it off every month and they are paying me to use it. I don't use my debit card much now, except when I want some cash back at Wally World.

tinyonerv · Answer

Good Sam didn't raise your interest rate; however, the issuing bank did. Your task is to find out why. You are entitled to one free credit report from each of the three reporting agencies each year. The website is:

https://www.annualcreditreport.com

Also, if you want or need a new card, Google Credit Cards and you'll find lots of card offers.

Also, if you can, get your credit score to see where you stand. Despite having a high score, CITI raised the rate on our Sears card, which we've had over 50 years, to the over 20% range. We don't use that card anymore.

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Good Sam Visa Cominity Rip-Off

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