credit card fee, will banks back down?
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From: John Savage on 15 Jul 2010 07:03 This group never has much traffic, but I'll try here anyway as I can't think of a better place to ask..... The Commonwealth Bank indicated my credit cards (currently $0 yearly fee with no interest-free period) will from August attract a $25 yearly fee (*) with a 30 day interest free period. (I guess this charge is being imposed in response to customer demands, right? :-)) (*) but the annual fee will be waived if I charge at least $1000 to the card over the year I thought I'd ask here whether anyone has managed to get the bank to back down by telling them you won't pay an annual CC fee and that you want the card cancelled? Did they relent, or did they call your bluff?? -- John Savage (my news address is not valid for email)
From: atec77 on 15 Jul 2010 09:08 On 15/07/2010 9:03 PM, John Savage wrote: > This group never has much traffic, but I'll try here anyway as I can't > think of a better place to ask..... > > The Commonwealth Bank indicated my credit cards (currently $0 yearly fee > with no interest-free period) will from August attract a $25 yearly fee (*) > with a 30 day interest free period. (I guess this charge is being imposed > in response to customer demands, right? :-)) > > (*) but the annual fee will be waived if I charge at > least $1000 to the card over the year > > I thought I'd ask here whether anyone has managed to get the bank to back > down by telling them you won't pay an annual CC fee and that you want the > card cancelled? Did they relent, or did they call your bluff?? I took my accounts and ALL the deposits to a building society with no fees and better rates -- X-No-Archive: Yes
From: Mr.T on 16 Jul 2010 00:21 "John Savage" <rookswood(a)suburbian.com.au> wrote in message news:1007150210846.15Jul10$rookswood(a)suburbian.com... > I thought I'd ask here whether anyone has managed to get the bank to back > down by telling them you won't pay an annual CC fee and that you want the > card cancelled? Did they relent, or did they call your bluff?? ANZ gave me two years free when I went to cancel it a few years ago. But won't do it for me any more :-( MrT.
From: David Clayton on 16 Jul 2010 02:27 On Thu, 15 Jul 2010 11:03:45 +0000, John Savage wrote: .......... > I thought I'd ask here whether anyone has managed to get the bank to back > down by telling them you won't pay an annual CC fee and that you want the > card cancelled? Did they relent, or did they call your bluff?? Citibank wanted to waive the Annual Fee on their card a couple of years ago when I cancelled because they made big changes to the rebate setup, but I just refuse to continue to do business with organisations that play those tricks (did they struggle to acknowledge that I was going to cancel or what, I basically had to threaten them to actually get them to do what I wanted and process the cancellation). Bendigo Bank also put an Annual Fee on their credit card a couple of years ago so I just cancelled it (and the teller at the bank told me she did exactly the same thing). There are zero annual fee cards around, the Wizard Mastercard is probably the best around if you do international purchases because they absorb the usual 1% currency conversion fee that the others slug you with. The old Virgin card is now the Westpac Ignite card and it also has no annual fee. Watch out if you end up paying interest on those cards though, you will get slugged even if you are a day late in paying the full balance due to whatever circumstances. -- Regards, David. David Clayton Melbourne, Victoria, Australia. Knowledge is a measure of how many answers you have, intelligence is a measure of how many questions you have.
From: jones on 23 Jul 2010 05:33
Just my 2 cents worth. Some credit cards don't have annual fees, but you pay a percentage interest on everything you buy on it. Katherine > On Thu, 15 Jul 2010 11:03:45 +0000, John Savage wrote: > ......... >> I thought I'd ask here whether anyone has managed to get the bank to back >> down by telling them you won't pay an annual CC fee and that you want the >> card cancelled? Did they relent, or did they call your bluff?? > measure of how many questions you have. > |