interest on credit card

[Dave A]

" it is ever since the bank has become politically correct"

No boet. I got beat up by the bank just like you did before any "politically correct" stuff kicked in. Account scoring came with computerisation.

[murdock]

dave i agree i got the same thrashing from nedbank 12 years ago but they were even more ruthless because they had more than they needed in policies...in fact they had no mercy they cashed in all my sureties and shut me down within 7 days...i got a letter indicating that i had seven days to return all credit cards and cheques books and 7 days later they called in all my sureties and closed my accounts.

i have been chatting to numerous people about overdrafts and credit card credit limits...do i keep it even at a manageable amount or do i scrap the limits completely...i have also been trying to find ways to benefit from them...like using my credit card to pay accounts to get voyager miles...put the money into credit cards then pay my accounts without going into the red...problem is money transfer fees again so they make money out of me....having to travel around paying accounts...maybe just go back to paying cash for everything and get paid in cash from customers...then i am out the system...they cant track every transaction i make...start saving in the biggest joke of the banking system "deposit fees" got to pay to put my money into the bank

lets hear from everyone how they cut back on cost or money saving tips...there have got to be some smart people out there who have figued out ways to save money even be it small amounts.

bottom line is complaining screaming and shouting is not gona change anything...i need to find ways of getting what i want and not what banks dictate to me...there is no such thing as a free ride someone in the end always pays even if it is not the person taking the free ride.

[Dave A]

i have been chatting to numerous people about overdrafts and credit card credit limits...do i keep it even at a manageable amount or do i scrap the limits completely

Credit cards are useful (try hire a car without one). I think the big thing with credit cards is self control.

It would be interesting to hear what people here reckon are good savings strategies nowadays.