{"id":43,"date":"2005-07-05T21:47:07","date_gmt":"2005-07-05T20:47:07","guid":{"rendered":"http:\/\/pgregg.com\/wp\/2005\/07\/credit-card-caution-where-did-these-late-fees-come-from\/"},"modified":"2005-07-05T21:47:07","modified_gmt":"2005-07-05T20:47:07","slug":"credit-card-caution-where-did-these-late-fees-come-from","status":"publish","type":"post","link":"https:\/\/blog.pgregg.com\/blog\/2005\/07\/credit-card-caution-where-did-these-late-fees-come-from\/","title":{"rendered":"Credit Card caution – Where did these “Late fees” come from?"},"content":{"rendered":"

Last week I applied online for an Alliance & Leicester<\/a> Premier Plus<\/a> account.  I’m already a happy A&L customer and thought – great and Internet banking offer with decent interest rates.<\/p>\n

Application filled in and checked the box asking for their Mastercard<\/a> which provides money back on purchases.  A few days later I received the paperwork that they send out to get signatures.  All very well until I decided to read the small print that came with the "Congratulations on being accepted" letter + forms to sign.<\/p>\n

On the credit card it said "You agree to be charged \ufffd25 if you are late in paying your credit card bill by one day".  Excuse me? Late fees?   I thought the late fees that the CC companies enjoyed were the nice fat interest rates that they charged<\/strong> on the full amount of the balance for the month if you did not clear the balance.<\/p>\n

I scrawled a large C-A-N-C-E-L-L-E-D across the CC form and sent it back.  I’ll never take out a credit card that employs such underhand methods in ripping off customers.<\/p>\n

Bootnote: It seems that in the USA several of these CC companies (including MBNA who provide The A&L card) have been successfully sued\/settled Class Action<\/a> suits against them for their operation of these late fees systems.  In the UK, which has already slammed<\/a> these companies and UK’s Office of Fair Trading<\/a> is investigating.<\/p>\n","protected":false},"excerpt":{"rendered":"

Last week I applied online for an Alliance & Leicester Premier Plus account.  I’m already a happy A&L customer and thought – great and Internet banking offer with decent interest rates. Application filled in and checked the box asking for their Mastercard which provides money back on purchases.  A few days later I received the … <\/p>\n

Continue reading “Credit Card caution – Where did these “Late fees” come from?”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"1","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4],"tags":[],"class_list":["post-43","post","type-post","status-publish","format-standard","hentry","category-general"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pbQOUu-H","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/blog.pgregg.com\/blog\/wp-json\/wp\/v2\/posts\/43","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.pgregg.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.pgregg.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.pgregg.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.pgregg.com\/blog\/wp-json\/wp\/v2\/comments?post=43"}],"version-history":[{"count":0,"href":"https:\/\/blog.pgregg.com\/blog\/wp-json\/wp\/v2\/posts\/43\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.pgregg.com\/blog\/wp-json\/wp\/v2\/media?parent=43"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.pgregg.com\/blog\/wp-json\/wp\/v2\/categories?post=43"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.pgregg.com\/blog\/wp-json\/wp\/v2\/tags?post=43"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}