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  1. #1
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    Default I Just got an email from Banco de Reservas.

    Great news!
    They have just reduced the annual rate on their credit card, from 84%, to ONLY 66%!!!
    They omitted to say that the government forced all banks to reduce their annual rate to 66%!!!!
    In 15 years, I only missed paying off my monthly balance one.
    Since the "Fees" came to over 3,000 pesos, it has never happened again!!!!
    I was out of the country, and asked my wife to make the payment, "On Time".
    The line was too long, so she waited a few days!
    "GOD, how I love that woman!
    CCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCC

  2. Likes caribmike, Harleysrock, jinty05, Africaida liked this post
  3. #2
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    BPD generously did the same lol

  4. Likes Criss Colon liked this post
  5. #3
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    Quote Originally Posted by Criss Colon View Post
    Great news!
    They have just reduced the annual rate on their credit card, from 84%, to ONLY 66%!!!
    They omitted to say that the government forced all banks to reduce their annual rate to 66%!!!!
    In 15 years, I only missed paying off my monthly balance one.
    Since the "Fees" came to over 3,000 pesos, it has never happened again!!!!
    I was out of the country, and asked my wife to make the payment, "On Time".
    The line was too long, so she waited a few days!
    "GOD, how I love that woman!
    CCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCC
    I don't understand CC. You have a CC in the D.R.?

    Are you Fricken nuts? Cut those suckers up. Nuff said?

  6. #4
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    Quote Originally Posted by Criss Colon View Post
    Great news!
    They have just reduced the annual rate on their credit card, from 84%, to ONLY 66%!!!
    They omitted to say that the government forced all banks to reduce their annual rate to 66%!!!!
    I got the same one from Santa Cruz!

  7. #5
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    Quote Originally Posted by caribmike View Post
    BPD generously did the same lol
    Yes I got the same email, however interestingly enough that Banco Popular states that starting first statement in November (primer corte en Noviembre). See below:



    Estimado(a) Sr(a): XXXXXXXXXXXXXXXX

    Le informamos que la tasa de interés anual para financiamientos con su tarjeta de crédito, baja al 66% a partir del primer corte de noviembre.





    Banco Popular nunca le solicitará por ningún medio como Internet, correo electrónico o llamada telefónica la actualización de sus claves de acceso ni claves del Token.

    Esperamos que este mensaje le sea útil. Sin embargo, si en el futuro no desea recibir correos con ofertas de nuestros productos y servicios, por favor responder este correo colocando en el asunto "Remover".
    However from email from BHD it states OCT 4:

  8. #6
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    Quote Originally Posted by Ringo View Post
    I don't understand CC. You have a CC in the D.R.?

    Are you Fricken nuts? Cut those suckers up. Nuff said?
    They are useful. I pay them off every month, max has been 2 months. I prefer to use them than my BPD debit card were money is taken out immediately. I've had dbl charges on the debit card, which they do fix but its a process, easier with a credit card.

    Thanks.

  9. #7
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    ha ha ha, we got the same email from banco popular, miesposo was laughing out loud. you know what was BP rate before? 97%. f**king hell.

  10. #8
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    We always maintained a good relationship with all of our U.S. banks, CC companies, Credit Unions and what ever. Though they know that we live in the D.R. and our U.S. assets have changed along with our address, THEY have never questioned it and our past relationships have continued for over 15 years after moving out of the US to the D.R. Our terms are the same as if we never left the U.S.

    Our American Express, and other CC's, issued in the U.S. works fine IF and WHEN we need it here in the D.R. or anywhere around the World.

  11. #9
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    NO, the government set a new maximum rate for ALL "CCs"!
    I have never had any issues with my "Banreservas" CC in 15 years.
    I always pay off the balance before any interest is charged.
    You get "Points"for what you charge.
    I have got a "Fridge", an American washing machine, and now am going for a big "LED Flat Screen"!
    CCCCCCCCCCCCCCCCCCCCCCCCCCCCCC

  12. Likes Mauricio liked this post
  13. #10
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    we use our points too, from hotels and shopping to plane tickets.

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