I am not a happy camper.
I came home to a notice from 1st National Bank that the APR on my WoW Visa is jumping from 13% to 20%, and my only options are to either get bent, or to refuse the increase and close the account.
I WANT A THIRD OPTION!
I've been through this before, and was allowed to go back to 13% as a 'one time exception'.
I have over $3,000 in there, which I'm trying to pay off. I'm not even using the card except when I can go home and pay what I've used before the billing cycle, all in an effort to keep the payment going down each month. It's already around $75 a month. Those who know my situation know this is a substantial amount. With this, it'll jump up to $100 easily.
I could close the account, but that'd mean just having the Master Card for emergencies, and I'm not entirely comfortable with that. Also, I was trying to use it to work on my credit score a little bit by increasing the available credit vs. balance ratio. If I close it, that goes down the tubes. Also, WoW points... not that I'm making many of those right now, but eventually I was hoping to pay it off and just use it to rack up the points.
On the other hand, I did get a slight raise, and I did knock down most of the balance on the Master Card... so I could stretch to the $100 payments and stay pretty much at the same level, lifewise. I was hoping to put the difference into savings, but guess that's not to be. Not if I keep the card around, anyway.
I think... I should read the back of the Hitchhiker's Guide to the Galaxy and not panic. I can always cancel the card if the payments get too much.
Jumper 1 doesn't need those wiperblades that badly... does he? Nah, as long as it doesn't rain we'll be fine.