How to lower your Tire Rama credit card payment

Where you can talk about store credit cards, like gas station cards, department store cards, etc.
3 posts
doug41303
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How to lower your Tire Rama credit card payment

Postby doug41303 » Wed Sep 25, 2013 6:12 pm

CFNA issues the Tire Rama card accounts. The offer that was given is as follows.

Interest will be charged to your account from the purchase date if the purchase balance is not paid in full within 6 months or if you make a late payment. $299 Minimum purchase required.


If a late payment was made and there is now such an interest charge penalty on the account what is one to do in such a scenario. Can the payment be lowered back to the promotional APR through negotiation or would one's best bet be to use another credit card and do a balance transfer.

At the time of the purchase, Tire Rama credit card gave a 10% discount off which was the motive for applying. On a $1400 set of 4 Pirelli tires that was a $140 savings though the finance charges will now exceed that dollar value.


doug41303
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Joined: Mon Sep 23, 2013 2:50 pm
Location: Spokane

Postby doug41303 » Thu Sep 26, 2013 1:26 am

I will try the negotiation in the morning with CFNA. It's disappointing this forum is not more lively.

Midori
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Postby Midori » Thu Sep 26, 2013 7:48 am

It's sort of the nature of those sorts of cards--- tire cards, furniture cards, etc. They're gambling that you're going to make a mistake and end up with a whopping penalty that you've agreed to. With a regular credit card, it's easy to call customer service and say, "Oops, this was a one-time thing, I'm so sorry, it was an accident, I apologize, can you help me?" With a card that's waiting for you to slip up, it's probably not so easy, so it's hard to offer anything helpful... although I'd love to hear a follow-up as how your conversation with CFNA goes.



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