Paul
Tulsa,#2Consumer Comment
Sat, January 03, 2009
Ge Money is just fine. One should use GEMoney as a 0% rate card...and nothing else. Gemoney makes its money off people who cant pay the minimum payments. I use it soley as a backup emergency on medical only...and it has saved me from having major problems using it this way. I will never have this card as any rate other than zero. If the biz that uses it cant do zero I buy elsewhere or do different stuff. Especially since you can setup both the minimum payments to be automatic and also set up billpay at your bank to do additional extra paymeents.
Bankworker
PITTSBURGH,#3Consumer Comment
Tue, December 02, 2008
Boycott Stores That Take GEMB We refuse to shop at any store that uses GE Money Bank for there credit card Walmart JC Penney Lowes Care Credit Service Merchants PayPal Buyer Credit Amazon And will Not use our WAMU for ratejacking us to 27.99% from 9.9 uh......yeah right.....Walmart, JCPenney and Amazon are like the 3 best places to shop during the holiday. You're on your own with that one. It's in your cardmember agreement though that they can lower your limit at any time without explanation.
Bigcraig
Irmo,#4Consumer Comment
Tue, December 02, 2008
We refuse to shop at any store that uses GE Money Bank for there credit card Walmart JC Penney Lowes Care Credit Service Merchants PayPal Buyer Credit Amazon And will Not use our WAMU for ratejacking us to 27.99% from 9.9
Laurie
Haslet,#5Consumer Comment
Mon, December 01, 2008
I tried the same with JC Penneys' and no response to my letter at all. Mine was not a reduction in credit - but complete incompetence by GE Money personnel, fraudulent charges, unauthorized address changes, false reporting to the credit bureaus etc. GE Money completely ignored my letters demanding explanation. They only respond to complaints filed with the Office of Thrift Supervision. And they lied in their response to the OTS. Claiming they made calls when in fact none were ever made. I'm sure this last weekend the stores that use GE Money for their credit cards lost a lot of customers, and those that did show up - I hope they gave the local stores the word on what GE MONEY is doing to destroy what little Christmas shopping people are doing this year.
Sherri
Emeryville,#6Consumer Comment
Mon, December 01, 2008
Many credit card issuers are decreasing credit limits and raising interest rates, not to mention that many are closing credit lines all together. In this crappy economy, card issuers are in a panic and wanting to minimize risk. GEMB has cut credit lines on every single product they have. I have taken hits from American Express, Chase, Wamu, and yes, GEMB. Chase decreased my CL and ratejacked me, Wamu ratejacked me, AMEX cut one of my credit lines, and GEMB decreased me on three cards (all for low usage). There is really no rhyme or reason to which cardholders are given a CLD. You may spend too little, too much, they may not like where you shop, your credit score may have dropped a point or two, they may think your balances are too high on other cards, they may not like your mortgage lender...no one is immune. Welcome to the club. But just don't misdirect your anger towards the retailer; trust me, GEMB's actions are impacting them as well.