That’s very true — since most of them give you a 25 day grace period, when you pay off your bill you’re costing them money. And that’s not even counting whatever rewards points you collect.But that’s OK, don’t cry for the banks. There are enough people who fall for the “EZ credit” scheme that they’re in no danger of insolvency.
Credit card companies want you to be in debt. They just love you for it. And they hate you for paying everything off..Moreover, with the low interest rates, they charge ginormous over limit and late fees. I no longer use any credit cards, just my ATM card, and that’s it. Never had any problem with that, except with those @#&^#)(* places that take cash only. They should all be exiled to Titan or something.
Ol Skool over 9 years ago
knowing visa, they most likely billed you for those chocolates
JWF Premium Member over 9 years ago
So true, Ol Skool!
gorbasche2 over 9 years ago
I don’t pay VISA, they pay ME. Seriously. I pay the balance every month and get the cash back. I made $740 total last year and paid zero interest.
Phatts over 9 years ago
That’s very true — since most of them give you a 25 day grace period, when you pay off your bill you’re costing them money. And that’s not even counting whatever rewards points you collect.But that’s OK, don’t cry for the banks. There are enough people who fall for the “EZ credit” scheme that they’re in no danger of insolvency.
spaced man spliff over 9 years ago
Credit card companies want you to be in debt. They just love you for it. And they hate you for paying everything off..Moreover, with the low interest rates, they charge ginormous over limit and late fees. I no longer use any credit cards, just my ATM card, and that’s it. Never had any problem with that, except with those @#&^#)(* places that take cash only. They should all be exiled to Titan or something.