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 Beware the big Bank con

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ghezzi
Fra Cristoforo
Fra Cristoforo


Posts : 1692
Join date : 2014-05-22
Age : 59

PostSubject: Beware the big Bank con   Thu Feb 05, 2015 7:17 am

Had a phone call from my bank today with an offer to up my credit limit by 50%.
Then they offer me a 12 month interest free period an any single amount I nominate up to $10,000. They would post me a cheque for that amount and I could buy whatever I want.
As I use my credit card for some of my business expenses, and pay it off in full end of each month, I asked. "Would my monthly payments be logged against the loan or purchases"?

Bank: "Cough cough! Aaagghhh! Any money you pay back will be firstly credited against outstanding cash advances, then purchases when the cash advance is paid in full."
Me: "So effectively I get one month interest free on purchases of $1K - $2K and then I get to pay 20.74% interest, on a balance that is increasing by $1K - $2K every month"?
Bank: "Cough cough! Aaagghhh! Yeah."
Me: "Fuck off you thieving cunt"! click.
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http://www.biketowbrisbane.com.au
pokeyjoe
Don Abbondio
Don Abbondio


Posts : 121
Join date : 2014-08-22

PostSubject: Re: Beware the big Bank con   Thu Feb 05, 2015 9:04 am

Don't get me started. The credit card company (i.e. bank) likes to send me blank checks to use for whatever I want with the charges going against the credit card. 0% for six months or a year or something. I got in a bind and used one for $1200 worth of plumbing work. 0% sure, but there was a 15% fee to use the check up front. Whaaaaat? The fine print will kill you.
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DungeonMaster
GRiSO
GRiSO


Posts : 1163
Join date : 2013-11-26
Age : 53

PostSubject: Re: Beware the big Bank con   Thu Feb 05, 2015 11:26 am

I have to confess that I don't think that was the bank calling you.
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tocino
Nibbio
Nibbio


Posts : 556
Join date : 2014-06-21

PostSubject: Re: Beware the big Bank con   Thu Feb 05, 2015 2:46 pm

TANSTAAFL - There Aint No Such Thing As A Free Lunch. Wink
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PostSubject: Re: Beware the big Bank con   Today at 12:43 am

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Beware the big Bank con
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