FWIW I also got, recently, a revision of terms letter from Discover Card..essentially taking the 'cash back' feature off. All kinds of fancy technical terms that I didn't understand, but bottom line is you'll *probably* not be getting much cash back from Discover Card purchases any longer. Sneaky, these financial companies... Don Hanson On Fri, Apr 17, 2009 at 2:11 PM, Gregory S. Morrison < gsm@gregorysmorrison.com> wrote: > FWIW, just received my updated B of A credit card terms. > > No buyer protection for anything purchased outside your home state or 100 > mile radius of your mailing address. > > Note: This is Bank of America's new policy. If other banks haven't already > done this, they probably will follow suit. > > I see this as a substantial change that will really cause problems for > innocent buyers that will now be somewhat at the mercy of dishonest > sellers. > I say "somewhat" because I guess you don't have to buy anything with a > credit card over 100 miles from your home, but for those of us that do, it > represents the loss of a safety net for the buyer. > > Be careful out there, > Greg > 86 Westy Syncro > |
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