Credit Cards and Debit Cards

I know this is going to sound like crazy talk but keep reading.
On November 24, 2008 a class action lawsuit was filed against Bank of America, for deliberately engaging in a course of action that led to credit card customers to be intentionally penalized even though payments were made by the due date.
Congress is working on new legislation that would give consumers more rights to stand up to credit card companies but banks say it will make credit cards more expensive. Personal finance bloggers speak out.

A Card to Toss Away

Credit card issuers have drawn fire for jacking up interest rates on cardholders who aren't behind on payments but whose credit scores have fallen for other reasons. Now, some consumers complain, Bank of America is increasing rates based on no apparent deterioration in their credit scores at all.
In trying to keep up with the Jones', many people buy more than they can really afford. For some who purchase many items they neither need or use, however, there is more than merely trying to keep up with the Jones' going on. These people who max out their credit cards on things they really don't need have a compulsive shopping disorder
Credit cards are to be withdrawn from 161,000 Egg Customers. The internet bank is writing to 7% of its customers to give them 35 days notice of the withdrawal.
Debit cards, credit cards, prepaid. How you get them, how you use them.
Once upon a time when debit cards were first introduced you could easily tell what they were. They usually had the bank logo on them, your account number and your name. However time never stands still for long and things have changed through the years so that today almost all debit cards look like credit cards. They have credit card logos, they can be used anywhere to purchase things including on the internet but although both cards look and act in the same manner but when it comes to consumer protection there are some subtle differences.
Our friends at MasterCard are working on the purchase transporter using technology from Star Trek but until that is ready to release we'll just have to assimilate the new PayPass card.
There are a lot more terms and conditions that apply to applicants and users of this card and while I applaud the marketing department of the Post Office for their clever flyer that is handed out at the local Post Office, doesn't it seem a bit beyond reason to encourage people to apply for this financial liability product over the phone when there is almost no possible way for them to be fully informed about what they are applying for? Are we all to assume that every customer will faithfully read the enclosed terms and conditions when they arrive with the new shiny Post Office Platinum Card?
(Page 1 of 3)   
« Prev
  
1
  2  3  Next »

Article Categories

Translate This Page

-->
No popular articles found.