Quote:
Originally Posted by JEFF COGA
I understand the concern for fraud, theft, and the headache if someone with bad intention gets hold of the card BUT I would highly recommend no one to "opt out"!!!
Here's why... Once you opt out, you set of a series of trigger within the company!!! This trigger is very bad (i'll post on this later)... because when you call to negotiate rates you do not have ANY amunitation/leverage... ex. I'm pretty sure you've noticed when you call the bank to "activate" the checks they will say... "as a convince to YOU we can take care of this BT for you today..." these reps GETS COMMISSION!!! Some times by you saying I'll just use the checks UNLESS YOU CAN DO ANYTHING BETTER?... You'll be suprised on how many times the reps will lower your rate or extended it... because they need to get the BT to get paid out.
Last but not least...if you opt out, then call and use the rates the rep gives you... you have a very higher propensity of getting labeled as a "RATE SURFER"... once you are labeled/black listed it will be VERY VERY DIFFICULT TO GET A RATE UNDER 4.99% with the current card issuer...
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I have to admit, that I do not have to deal with 10 different offers a day since I opt'ed out. It is a great to get only a certain amount of mail a week and not have empty the shredder 2-3 times a week. A Check in general will be opened up looked at and shredded. I never take advantage out of these checks and I never will. I get them like once a month but that's about it. I never even thought about bargain the rep about a APR discount or whatever. I would run myself into debt way to fast if I would do all that !