No. of Recommendations: 1
Fellow Consumers,
Not only do other card companies monitor your credit, but, so do the auto insurers. Mine sent notice that if you had bad credit reports that they could up your premiums. Insurance companies feel that if you are irresponsible with your finances, so are you irresponsible as a driver. Wonder how this was researched and how well it correlates to the reality of the situation.
Secondly, MBNA and Fidelity Investments are linked up in a 529 College Plan. MBNA pays 2% on all purchases to the college fund. Might it be time for Fidelity to consider another affiliate if their true interest is to help the general public save for college? Who wants to be slammed with fees when saving for college? I know I do my best to see that bills are paid in a timely manner, but, I am human and do error. It all seems like an awful harsh punishment with very unkind consequences.
Print the post  


UGC Disclosure Notice Regarding Credit Card Posts
Community board discussions about credit cards are not provided or commissioned by banks who may have advertising relationships with The Motley Fool. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.