regicide
Joined: 01 Sep 2006 Location: United States
|
Posted: Wed Oct 31, 2007 10:45 am Post subject: Credit Card Fees |
|
|
"Of course, credit-card companies must absorb some costs as a convenience for customers. For example, in some cases there might be an expense associated with having a bank representative contact a delinquent customer and resolve a banking discrepancy."
However, that "takes a phone call at 2 cents a minute," Viale countered. It's "not a $40 expense."
And $39 fees for going over your limit for a few days, or being late for a few days. How does that cost the bank $39/
Recently, I went over the limit on one of my cards. Although it was for a few dollars and I paid it in a few days, I am now stuck with a whopping 29% interest rate for the next six months. No reason in my mind. It is just a way to make money.
Meanwhile my Citibank stock keeping tanking!
full article: http://tinyurl.com/yppemz |
|