Tuesday, 15 October 2013

No interest

How come my credit card (which I don’t use) would have me paying to the bank 16.9% APR yet they have not paid me one penny interest whilst it has been in credit, probably about 5 years.

Bit of a lopsided system we have here methinks.

2 comments:

Mike Todd said...

How else do you think they will be able to pay themsleves their miniscule salaries and the very occasional tiny bonuses that they realise they struggle to justify? Not to mention the almost non-existent dividends that they pay to struggling investors?

Lyraboat said...

I was going to say something like what Mike said, but he did it so much better than I. So I'll just second his comment.
Bob