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Article #318

Re: credit card fee, will banks back down?

#318
From: Mr.T
Date: Mon, 26 Jul 2010 05:01
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"Larry" <larry17@gmail.com> wrote in message
news:i2g0s2$qjf$1@news.eternal-september.org...
> > Some credit cards don't have annual fees, but you pay a percentage
> > interest on everything you buy on it.

Not if you pay it off straight away. And IF you normally carry a debt on
your card, there is NO interest free period and no difference anyway.


> There are a few no annual fee cards around.  I have 2 of them.

Me too, but the interest free period drops from ~30 days to same day. I
still use a "fee based" card for my purchases and get 6% interest on my
money in the meantime, which works out better for me :-)

MrT.
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From: "Mr.T" <MrT@home>
Newsgroups: aus.consumers
References: <1007150210846.15Jul10$rookswood@suburbian.com> <pan.2010.07.16.06.27.51.447395@NOSPAM.myrealbox.com> <4c4961f5@dnews.tpgi.com.au> <i2g0s2$qjf$1@news.eternal-september.org>
Subject: Re: credit card fee, will banks back down?
Date: Mon, 26 Jul 2010 15:01:09 +1000
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