- Joined
- 25 July 2008
- Posts
- 383
- Reactions
- 5
I didn't bother looking it up or fighting it. I took it as a sign that this was a bank not worth doing business with. So I closed the facility and vowed never to have anything to do with them again. And it was a pertinent lesson in what banks really want credit card customers to do.
I understand that they want you to make new purchases so they can cash in on the interest being charged on the new purchases while you pay off your balance. But if you are disciplined enough to manage your debt, and thus take advantage of their low interest rate, what right do they have to charge you? Unless they could show me in black and white (and not in sub clause VII, section 98-2, sub section 7, paragraph 3) that I would be charged if I did NOT make any new purchases, I would kick their ASS!