Over the years, we have read about many travel books, credit card pages, and any travel media like Chase Sapphire credit cards, especially Chase Saphhire Reserve as the best travel credit card option for travel.
It goes so far in the travel world for that Points of Guy blog develops non-stop credit card, and gives you an annual prize at their annual event. One time, Brian Kelly (Points of Guy namesake) even famous celebrities were wearing a Chase Sapphire Reserve card.
But, as often happens, companies and banks display their true colors in the time needed. During the last month during the quarantine and go & # 39; boats and & # 39; & # 39; New York Pause & # 39; & # 39 ;, me and 6+ million others lost their jobs. We lost contracts, jobs, businesses closed.
As soon as I started to feel the financial pain of this task, I contacted my bank and credit card to see what they were doing. Most mortgage lenders are with Chase and they were the first ones I contacted. This was before any of the banks announced any relief efforts, with the exception of the Apple Card who was immediately making repayments and zero interest payments.
My first call to Chase bank on my Saphhire Reserve card did not lead anywhere. I didn't have any interest charges last month because I usually pay in full. But, while awaiting thousands of dollars for non-existent invoices and uncertain financial future for travel / tourism, I was hesitant to pay my entire bill in March.
The customer service representative, despite being friendly and supportive, had no idea what kind of help Chase plans to offer, and in fact, I was just asking that interest charges be waived in the interim. There was nothing done and I was told to wait until the end of the billing cycle.
Then, as the hour worked, each and every bank and credit card began announcing their relief packages. Each and everyone has waived the late fees so payment is not required to be made in the coming months, but that does not prevent interest payments.
Honestly, I was angry. The 2008 Refund Rate, which many banks have secured. Social Democracy of Companies; the rest of our infrastructure. And I don't see how banks and lenders are paying now, given the slightest relief during the current downturn; I don't see how it helps anyone.
It's not fair. It is even insulting.
I think banks, while healthy, with government-sponsored resources will continue to pay the same interest rates as many people are unemployed. It is abusive, abusive and should be criminal.
Similar to the debt relief packages provided by some local / state governments, the measures appear to be designed to help only those with the highest income.
With the New York state debt relief package, some homeowners and homeowners will be able to stop paying off loans in the next three months; however, tenants do not receive any form of financial assistance. However, in New York, tenants were told that the eviction would not occur in the next three months, and credit reports would not have any effect.
But let's look closer. This still means that people like me and apartments, a three-month grace period to pay the full aid looga avoid punishment or removal. What should I do if I am unable to make any money during this three-month period? What is the purpose of the three months of grace, when the possibility of making that lost income immediately achieves completely impossible and possibly impossible?
The government has failed its citizens with a housing benefit measure designed to help homeowners, but it completely forgets homeowners (who are a big part of the housing market). In all likelihood, banks have adopted this approach to provide a meaningless package.
Again, like the Great Reconstruction era, people are forgotten. I'm tired of a government that doesn't protect us. I'm tired of companies and banks constantly exploiting them without giving anything to help people. We live in a world confined to a capitalist society that forgets how to save people.
I am angry because during this crisis, I do not know where to turn to for help other than the strangers on the Internet, and the ones I love. But that is not how society works. It doesn't matter. We pay taxes and contribute to the community. Where do we get protection?
However, all of these thoughts have come to pass while trying to ease my credit card debt problem. It is unfair for them to & # 39; s advertising many of the same people who have already given up, during an unprecedented crisis.
And, unfortunately, it seems to be just that. Things need to change. And to change quickly. My hope is that as this problem gets worse, more people will refuse to take advantage of it – and maybe we will start to see real changes that will affect policies that, in turn, will have a positive effect on our lives.