Credit Card Bait and Switch
May 10, 2006
A bait and switch is something that used and sometimes still does happen in stores. You see a product in the papers for a certain price and when you go they claim they no longer have the product or that this product is so much better.
Problem is the other product they are trying to pressure you into buying is usually much more expensive. They do this so they can get the “suckers” into the store and they work from there.
Some credit card companies have switched it up a bit but it’s still the same game. You look over the paper work and everything looks good. Especially the 0% parts. After a few months those who have a good eye and look over their statements may notice things such as a different pay date.
You have been making payments on the same day for months and suddenly it’s changed to maybe a week sooner. So if you didn’t notice you would have made a late payment and could have been hit with huge fines.
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