Alien Drums

Credit card dept is stupid, and I have way too much of it. I can defend myself by saying very little of it went for consumer purchases; there were medical bills, house repairs, a child’s college education. Also, I have great interest rates that are locked in because I transferred balances back when credit card companies were clamoring for our money. Also, I always pay my monthly payment on time and am bringing down the balances. But, still, it’s stupid of me to have so much.

Big banks who back these credit cards can also be stupid. Take Chase Bank for example. I have three Chase cards, and if they dug into their detailed numbers they would say this Drums guy is a great customer. He always pays on time, so while we’re not making the big bucks off of him, he’s still making us a fair return on investment.

But Chase is looking at a much bigger picture than Mr. Drums’ accounts, and they must need money badly or just don’t like making little bucks off of me. They couldn’t raise the interest rate, so they decided I would have to pay 5 percent of the balance each month, thus more than doubling my payment amounts.

My wife called; they didn’t care. I paid the greater amount a couple of months, but then our property tax bill came and I realized I couldn’t keep up with all of it.

So, goodbye, Chase Bank. I have moved my money elsewhere. You would never get the big bucks from me, and now you will not get the little ones either. And, unless I get really desperate, I don’t plan on you ever getting any of my money again.

You think these guys who are getting paid so much would have more sense. It’s just greed. I can understand that, but I will not reward it.