Priceless

[DimPrawn]

http://news.bbc.co.uk/1/hi/programmes/working_lunch/6376405.stm

The MBNA bank has warned customers that they face a £10 fine if they leave a positive balance on their credit card.

Some cardholders were sent a letter at the end of January telling them that they risk facing what the firm calls a "credit balance service fee".

It pays to be in debt these days.

 

[Sockpuppet]

Roughly translated as "Come on guys....we're trying to earn money off your. Play nice please?"

 

[scooterscot]

it was in the money supplement of the torygraph at the weekend.

so if your 1 pence in credit you get slapped with the fee followed by a late payment and missed month payment the following month when you thought you were in credit. goal posts with wheels...

 

[Bagpuss]

Sounds like a ploy to stop the stoozers

 

[oraclesmith]

Seems ridiculous on the face of it but,to be fair, the article states that it only applies to cards that are unused for 12 months. I guess by that time it's costing the credit card company more to issue monthly statements than it's getting by investing the £1.57 or however much you've left it in credit by. I expect the reason it that it can't suspend the card, as it would normally do after a year of no transactions, until it has a zero balance.

 

[Back In Business]

I'm sure that will fall under those unfair bank charges that you can claim back. How can anyone justify that they incurred an expense by holding some of your cash?

 

[DimPrawn]

You are waaaaaaaaaay too reasoned to be posting on here.

You should try reading the Daily Mail more often

 

[Sockpuppet]

I'm sure that will fall under those unfair bank charges that you can claim back. How can anyone justify that they incurred an expense by holding some of your cash?

I dont think it classes the same. Its a bit like NatWest "advantage gold" accounts that they charge you monkey loads for.

 

[Euro-commuter]

I'm sure that will fall under those unfair bank charges that you can claim back. How can anyone justify that they incurred an expense by holding some of your cash?

Most banks do charge for holding your cash, except in the UK. So it's not a bizarre idea.

My Swiss bank charges loads for a credit balance.