Credit blogger Joel over at Credit Card Chaser just pinged me about the 2009 Credit Card Chaser Love/Hate Credit Cards Contest, and encouraged all Debtbeats to enter to win.

Here are the rules for entering the 2009 Credit Card Chaser Love/Hate Credit Cards Contest:

1. Tell them why you LOVE a particular credit card or credit card company/bank (i.e. “I love my Discover More Card because I used my cash back rewards from my credit card to buy my son a Nerf gun, a new bike, and the Lord of the Rings DVD box set”) – NOTE: If you do not use a credit card then feel free to make your story about a debit card instead (i.e. “I love my PerkStreet Financial Debit Card because I get 1% cash back on all of my purchases and so I used the card to do all of my Christmas shopping”).
2. Tell them why you HATE a particular credit card or credit card company/bank (i.e. “I hate Chase because they jacked up my interest rate and decreased my credit limit even though I have never made a late payment”).
3. There are two ways to submit your entry and two different prize levels: A) Submit your entry by writing a blog post about this contest and telling your LOVE/HATE story (be sure to link to this page so I can show your track back comment – bonus points if you can also link to one of your favorite credit cards listed on our “Compare Cards” page) to have a chance at winning a $500 American Express gift card OR B) Leave a comment telling your LOVE/HATE story to have a chance at winning a $100 American Express gift card.

Feeling lucky, punk? Enter today! Oh, you want to know my plastic love/hate story? No problem.

I give love to my Bank of America Visa Debit card which earns miles from US Airways with each purchase. I use my debit card a couple times a day, and with the points I rack up I’ll be heading to Mexico for vacation next year.

On the flip side I’ll hate on my American Express Platinum Card for its high annual fee and no measurable prestige now that the Black/Centurion Card is the new bling standard. At least there’s no balance to carry for Amex to jack up the rate and minimum payment like they do for the Blue card.