Economic Catastrophy....

[Dog_ger]

Come on banks.

Drop your Credit Card interest...%.....

My bank has 11.39%

Can you do Better...?

Lets get it WAY UNDER 10%

[GWW]

Throw your Credit Card away.

[JAS]

Throw your Credit Card away.

Spot on GWW...got rid of mine nearly 30 years ago.

Get a pre-paid card...I only got one cause I needed it to pay for my footy membership...but good thing is it's just like any other mastercard but no interest rates

Regards
JAS

[Dog_ger]

I am really trying guys,

Takes time to re-pay your debt.

Had 5 cards, now have only 1....

[smac]

Yes, it does take time Dog_ger. What you can do is take advantage of the 0% on balance transfers that come around. Swap the balance owing from bank to bank and abuse the offers they make.

I only have one card, for work expenses. Saw too many people fall into traps when I worked in a Credit Union to fall into it myself.

[Dog_ger]

I payed off all those cards smac...

20+% on balances my good friend....

[JAS]

Sounds like you've done well so far Dog_ger...stick with it...it's a long, hard slog to get rid of your those kind of debts but well worth it. You really do appreciate and look after what you have a lot more if you've had to save hard for it.

Btw...don't be too quick to knock 11%...I've just had a look at one of those comparison site to see what they charge here (had no idea) seems to average between 15% and 17% from what I can tell.

Regards
JAS

[mighty_tiger_79]

i think people with more then one credit card debt should roll it all into a GE Finance card

[Psyber]

Credit cards have only one use.
Charge things to them and make one payment in full at the end tof the month and save on EFTPOS fees etc.
If you can't do that don't touch them - the interest rates on card debts are obscene - but running up the debt is something you do voluntarily.

I remember that a few years ago one of the banks proposed extra fees for those people like me who "cheated" by paying their cards in full each month, but the banking sector as a whole realised that would make their intentions to lure everyone into massive debt on high interest rates too obvious.

[Snaggletooth Tiger]

Credit cards have only one use.

Two uses if you've also got a mirror or CD case & some white powder!

[Pseudo]

Credit cards have only one use.

Two uses if you've also got a mirror or CD case & some white powder!

GOLD!

Three uses if you have a dodgy deadlock on your front door

[JK]

Credit cards have only one use.

Two uses if you've also got a mirror or CD case & some white powder!

GOLD!

Three uses if you have a dodgy deadlock on your front door

4 Uses if you live in Glasgow/Chelsea and want to help someone smile.

[Psyber]

OK, I should have said "Credit cards have only one economic use."
I wonder how many other uses we can come up with.
I have found in the past that a gold VISA has some use as bait...
[But not if fishing for fish.]

[am Bays]

4 Uses if you live in Glasgow/Chelsea and want to help someone smile.

5 uses if you've watched the episode where Mr Bean makes a sandwich in a park

"My flexible friend"

[JS SPORTS]

i think people with more then one credit card debt should roll it all into a GE Finance card

Yeah, GE my ar$e, now they are a bunch of crooks. You want high interest rates, they got 'em!
The Avco Finance Co of the 21st century

[whatcha got there?]

Come on banks.

Drop your Credit Card interest...%.....

My bank has 11.39%

Can you do Better...?

Lets get it WAY UNDER 10%

Dog-ger, credit card, overdraft and personal loan rates are not governed by the reserve bank, which means that your FI can generally charge whatever interest on them that they want.

[stan]

Come on banks.

Drop your Credit Card interest...%.....

My bank has 11.39%

Can you do Better...?

Lets get it WAY UNDER 10%

Dog_ger, ring them up tomorrow and ask. Be really nice and see what you get, tell them your a fantastic customer.

[Pseudo]

Dog_ger, ring them up tomorrow and ask. Be really nice and see what you get, tell them your a fantastic customer.

Even better, record the conversation and post an MP3 of it here. I could use a good laugh.

[Punk Rooster]

Which bank witholds money for 24-48 hrs?

I rang my bank to see why funds had not been deposited yet.
I was told the bank releasing the funds (which bank?) has a policy of lag from 24-48 hrs.
I said that was ridiculous.
I can send an email instantaniously, surely funds can be transferred as such?
If the money was taken by horse & cart to Melbourne, I could understand the 48 hr delay.
I'm thinking about invoicing the bank for interest on the monies, plus slapping a late fine on them....

[Psyber]

Which bank witholds money for 24-48 hrs?

I rang my bank to see why funds had not been deposited yet.
I was told the bank releasing the funds (which bank?) has a policy of lag from 24-48 hrs.
I said that was ridiculous.
I can send an email instantaniously, surely funds can be transferred as such?
If the money was taken by horse & cart to Melbourne, I could understand the 48 hr delay.
I'm thinking about invoicing the bank for interest on the monies, plus slapping a late fine on them....

It is apparently common practice. I recently transferred the purchase price of my house in SA.
The staff person at the ANZ suggested the quickest way to get it there was to take an ANZ bank cheque made out to the conveyancer's trust account and walk into the CBA next door to deposit it to the conveyancer's account.