credit card fee, will banks back down?

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2 total messages Started by John Savage Thu, 15 Jul 2010 11:03

#339

Author: John Savage
Date: Thu, 15 Jul 2010 11:03

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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)

Re: credit card fee, will banks back down?

#340

Author: atec77
Date: Thu, 15 Jul 2010 13:08

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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

-- 
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