Cardholder faces $1,600 interest fee, despite paying on time

[Yorkstrong]

Read the fine print before you get a credit card.

 

[MORBID]

Nova Scotia visa is the best to get. Less than 7 % on interest rates.

 

[JackOfSpades]

Smaller banks usually give much better interest rates & payment terms (many of them even have point clubs now as well)

I am baffled why anyone would willingly go through a major bank for any service as everything (chequeing, savings, credit, mortgage) are all at least a couple % higher and always have extra fees and service charges

 

[tboy]

I just have to say: if she didn't pay off her entire balance the first month, she's required to pay interest unless it is a zero interest for 12 months deal.......I don't care what company it is, if you don't pay off your balance, you owe interest...eos.....

 

[Bambino]

I just have to say: if she didn't pay off her entire balance the first month, she's required to pay interest unless it is a zero interest for 12 months deal.......I don't care what company it is, if you don't pay off your balance, you owe interest...eos.....

But she did pay it off :neutral: