More bastards

Hmmm…

We have a largish credit limit (almost $30k) on our Aus cards. Last year, we ran over that limit accidentally, and had no idea until a LETTER arrived asking us if we’d mind doing something about it. No charges, no nothing.

Earlier this year, not overdrawn but due for payment with a lesser but still reasonable amount owing, (we pay out the total amount owing every month) we were six hours late (woke up the day after payment was due and immediately transferred the balance). - $200 thanks very much!

Now all of that is fair game, it hursts, but we know the rules and we broke them…I feel sorry for the poor buggers who are constantly maxed out and don’t understand that though.

A banker is a person who will lend you an umbrella on a day when it is not raining…

@bitingmidge said in More bastards:
…I feel sorry for the poor buggers who are constantly maxed out and don’t understand that though.

This is the first time I have maxed out and I wasn’t concerned as it was not due until 18th June, I had already paid $1k and another $1k when I saw what I had done, I am more than a little pissed off that the transaction was not refused as I could have used one of my bank accounts.
I chose not to because the bank account pays interest on my daily balance at a blistering 2.3% and the brownie points on my credit card get me a bonus gift card every quarter.
I have had this card for about 18 months and always paid on time and generally only use about half its limit but I paid some unwelcome bills such as rates, a couple of insurance policies, a new welder plus the bloody surgeon who put Rosemary back together, it is easy to lose track of exactly what you have spent despite making a few deposits to cover your arse.
Maybe it is pay back as I have never paid any interest.

Email in today:

Dear Iain,

Thank you for your recent enquiry regarding the charges on your Woolworths Money Credit Card.

We have reviewed your request and have credited your account with $30 as a goodwill refund of the over limit fee. This will appear on your next credit card statement.

This fee is charged when your outstanding balance has exceeded your credit limit.

If you have any further queries regarding your account, please do not hesitate to contact us by return email or by calling our Customer Service Centre on 1300 10 1234 to speak to one of our credit card specialists.

Yours sincerely,

The Woolworths Team

Some of the merciless bastards have to front court in early July.

@termite said in More bastards:

Some of the merciless bastards have to front court in early July.

Oh dear.how sad, never mind.

What is sad is that any fiscal penalty they receive will be recovered with interest from the customers, fortunately my bank (Suncorp) is not amongst them as far as I am aware.

They have been warned against doing that.

Which I am sure they will find a way around such as a poofteenth of a percent of term deposits etc etc.

@termite said in More bastards:

Some of the merciless bastards have to front court in early July.

Oh dear.how sad, never mind.

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