Macy Credit Card Macy's is starting to charge interest from purchase date on credit cards, sky-high rates. Internet
I was furious when I noticed that Macy's put a note on our charge card stmt that they were changing our credit agmt: 1. Raising interest rates to around 25% and 2. Starting interest charges from date of product purchase, and 3. Increasing late fees, etc.
I rarely use the Macy's card and always paid off any balance immediately, if/when using the card. I called the OPT-OUT 800# and refused their new terms, asking them to immediately cancel the acct.
1 Updates & Rebuttals
I am the law
Chicago,Illinois,
USA
How long have you been on Earth?
#2Consumer Comment
Thu, December 09, 2010
So, the credit card company is raising interest rates and yet you don't have a balance on the card? Um, nothing new here.
Where's the ripoff?