Well, they did it again. Except instead of a line of credit, they offered me an increase in my credit card limit. That’s all fine and good, because hey, sometimes increases are warranted. The problem lies in their sales pitch and the way they’re framing an increase.
They tell me a higher limit would give [me] a little extra for everyday shopping, larger purchases, travel, entertainment, and anything else. BUT they then go on to say that You’ll also enjoy peace of mind knowing you have available funds in case of an emergency.
Oh no you did not, BMO. Did I hear you try to play on my fear of an emergency?
Two things: you’ll see I’ve handy dandily crossed out “funds” and helpfully written in “DEBT”. Because that’s what it is. Let’s call a spade a spade. Secondly, the way I prepare for an emergency is to build up a proper emergency fund. It took me awhile, but I did it and I’m proud of it. One of the main reasons why I did it was to ensure I didn’t get myself into a debt trap during a stressful time, and that works for me. I’m a type A, ready-for-every-scenario person and I do a lot of worrying so it’s natural for me to have a substantial safety net.
So in short, BMO is plain old wasting their time on me. I’d say I want them to stop sending me mail, but I really enjoy writing posts about how wrong they are, and I take an unhealthy joy in shredding ALL the things.