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OK, so we know that Discover (aka Morgan Stanley), MBNA, Citigroup are all quite vile, donating to Republicans and all that... but what credit card companies don't?

I am perfectly happy to switch cards, but everyone that I research has these problems.

Where is the progressive (i.e., unwilling to support fascists) supposed to get credit? And, I need credit, because I will need a good credit history to buy a place of my own in a few years.

Originally posted to Gustavo on Fri Mar 04, 2005 at 03:36 PM PST.

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Comment Preferences

  •  I don't know (none)
    But I can tell you to be careful.  Like if you were thinking about getting a WWF (world wild-life fund) credit card, they go through MBNA...

    so research it carefully.

    And thanks for being concerned about this.

    Of course he's written in the Lamb's Book of Life. He's the Antagonist.

    by ultrageek on Fri Mar 04, 2005 at 03:29:12 PM PST

  •  what kinds of assets are needed to (none)
    bankroll a credit card operation? seems like something 55 million people should be able to swing.

    i'm an agnostic, i'd be an atheist if it weren't for mozart

    by rasbobbo on Fri Mar 04, 2005 at 03:36:35 PM PST

  •  I truly hate Citibank (none)
    They once charged me a  $30 late fee for a $10 payment that was a day late.  I cancelled my card, but was suprised to get a bill a few months later.  I had ordered some magazines through one of their ads (the ones that come with the bill) and they said they couldn't cancel the recurring charges on the card.  I told them that if the people who were charging me for magazines wanted to keep sending me the magazines, they could simply bill me after the charge was rejected, but Citibank made me contact each of the magazine vendors individually to cancel the subscriptions.  I was furious that they hadn't cancelled my account when I asked.  

    I haven't had as much trouble with other cardholders, although MBNA did jack up my mother's card rate to a usurious level for no reason whatsoever (my mother has excellent credit).  

    Of my cards, I think I like AmEx and Discover best.  I have gotten good service when I needed it, and I get cash back, which is a nice little bonus. If you pay the cards at the end of every money, then you don't get hit with interest.  Discover was really good when i had a case of fraud when I discovered one of my cards had been used on the internet without my knowledge.  BofA and Visa are interchangable, but Visa seems to be more widely accepted.  

    I think it's pointless to worry about credit card companies supporting the republicans.  They are all big businesses, and they all support the party that has pandered to their interests.  You can keep your donations to the republicans to a minimum by paying your bills promptly before you get charged interest and late fees.  

    •  Discover (none)
      has treated me very fairly- honestly to my complete surprise.  They still support evil politicians though.

      Might and Right are always fighting In our youth it seems exciting. Right is always nearly winning. Might can hardly keep from grinning. -Clarence D

      by Myrkury on Fri Mar 04, 2005 at 03:51:15 PM PST

      [ Parent ]

      •  They all support evil politicians (none)
        But these guys are all tied together. I refinanced my home a few months ago with a local mortgage broker, or at least I thought it was local.  I found out later that the local group had been bought up by another group that was owend by Citibank.  I hate Citibank.  You can't win.  
        •  I also hate Citibank (none)
          I also hate Citibank.  They lied to me about the terms of my credit card and they have lied to many others as well.   They also engage in predatory lending.  


          Boycott Citibank/Citicards. They are corporate thieves and terrorists.

          by tri on Thu Mar 31, 2005 at 07:22:39 PM PST

          [ Parent ]

    •  Better read the fine print on the Discover card (none)
      they do two cycle billing and it is a big ripoff.  Never get a credit card that does this if you carry a balance.  For a full explanation read this

      Long story short

      Let's say you've been paying your bills in full and charged a $1000 computer mid-December, but you could not make a payment when your January statement arrived. Detweiler says come February, "Most issuers, under the average daily balance method, are going to charge you interest for your outstanding balance in January. So, that's $1000 at 18% interest, you'd pay $15 in interest."

      But, with two-cycle billing, you'll pay the $15 interest for January and finance charges based on your average daily balance in December. Detweiler says that's an extra $7.50, bringing your interest penalty up to $22.50, "It may seem like a few dollars here and there but, in the end, it can add up to a lot of money."

      There is no way to peace. Peace is the way. - Mahatma Gandhi

      by otis704 on Fri Mar 04, 2005 at 04:10:40 PM PST

      [ Parent ]

  •  Get the DemCard (none)
    I just signed up for and received my DemCard. When you sign up and use the card for the first time, your selected state party receives $40. After that, they receive approximately 65 cents for every 100 dollars you spend. It's not a huge contribution - BUT - it adds up over time AND you at least have the peace of mind of knowing where your money is going. So far, I've been happy with Juniper Bank, though I've only been using them for about a month. - Fighting for a Progressive Indiana

    by ShadowRunning on Fri Mar 04, 2005 at 03:47:47 PM PST

  •  credit unions! (4.00)
    my old employer (this was the mid '80s) had an employee-owned, non-profit credit union.... the employer is long gone, but the credit union lives on.  over the years, i've gotten loans to buy 2 cars and my mortgage and my visa card with them.... and the service has almost always been great.

    if you can find a local and independent credit union, that may be the way to go.

  •  Your local bank or Credit Union (4.00)
    Particularly Credit Unions, issue their own cards- often at very fair rates and with your line of credit linked to overdraft protection in your checking account.
    You will still need to check to see if the local Bank or Credit Union issues through one of the big evil usurious corporations.
    G'luck, and BTW- credit card use isn't the best way to build credit for a future mortgage.  You have to spend your money to "get" the credit.  Instead, take a cash secured personal loan (i.e. the Bank holds a $5,000 CD to loan you $4,800).  You will get a fabulously low interest rate on the loan (duh! they've got your money already).  Put the loan proceedes into a very conservative invesment vehicle and forget about them.  Make your monthly payments on time and after a couple of years you have:
    Your $5,000 CD back.
    The $4,800 you invested plus whatever income you have on it.
    A tax deduction for the interest you paid to offset the invesment income.
    A history of on time payment of a secured bank loan, something a bit more congruous to a mortgage.
    What you don't have:  Money wasted on CC interest, a whole bunch of broken or worn out crap, the begginings of a CC habit that will lead to mideaval serfdom.

    Might and Right are always fighting In our youth it seems exciting. Right is always nearly winning. Might can hardly keep from grinning. -Clarence D

    by Myrkury on Fri Mar 04, 2005 at 03:49:05 PM PST

    •  I concur (none)
      I approached my local credit union a few months ago after MBNA changed the terms of my account.  I asked who issues their credit card and was told they do it independently within the credit union.

      I just paid off the MBNA and will be closing it soon.

      Credit unions also offer lower rates.

      I'm a blue drop in a red bucket.

      by blue drop on Fri Mar 04, 2005 at 05:17:19 PM PST

      [ Parent ]

  •  I meant Mastercard and Visa... (none)
    my Mastercard is BofA.  Very confusing.  
  •  another thought... (none)
    doesn't working assets have a credit card (in addition to the long distance phone service)?  it sounds like a great way to give to progressive organizations.
    •  They do, but (none)
      it is an MBNA affiliated card. Don't know why they use them for this...
    •  I Have a Working Assets Card (none)
      But they are an MBNA affiliate, so I only use it for phone/airport business. They donate 1% to decent causes, but my Citi MC kicks me back a couple RT airfares to the east coast every year so that has to prevail, as I'm not a rich liberal.

      We the undersigned urge you to support Federal funding for research using human pluripotent stem cells. -80 Nobel Laureates to Pres. Bush

      by easong on Fri Mar 04, 2005 at 04:06:06 PM PST

      [ Parent ]

  •  Credit unions credit unions credit unions (none)
    just to reiterate what others have already said.

    You very likely qualify for at least one somewhere. For example, Watermark CU is open to anyone who lives, works, worships, or goes to school anywhere in Washington State or anyone that's related to an existing member. I'm sure there are other CUs with similarly broad membership criteria.

    --- If I were employed, my opinions would be my own and not my employer's.

    by Aexia on Fri Mar 04, 2005 at 04:24:52 PM PST

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