johna@haddock.UUCP (06/28/85)
TANSTAAFL R. Heinlein et al
ix21@sdcc6.UUCP (David Whiteman) (07/01/85)
The earlier warning about the First Deposit Savings Bank "Free Visa" was not strong enough. The finance charges on transactions start on the day of purchase not the day of transaction. Which means you are paying for float money that the bank is not paying you. In other words if you buy something today and the merchant leaves the charge slip in his register for a week, (which many merchants do because they need a minimum number of charge slips to turn in), you are paying interest for that week before it is posted. -- ---- David Whiteman, University of California, San Diego
ags@pucc-h (Dave Seaman) (07/02/85)
In article <64800001@haddock.UUCP> johna@haddock.UUCP writes: > >TANSTAAFL > R. Heinlein et al You think not? Consider the facts. My VISA and MASTERCARD have zero annual fees. I do not know what the finance charge is because I never pay any -- I just pay the full balance when I get my statement. The only place where there are hidden costs is with merchants who charge more for credit cards than for cash transactions (and who probably claim that they are actually giving a discount for cash, but we know better). Since no one forces me to use my credit card when it would cost me extra, there are no hidden charges that I can see. What am I missing? -- Dave Seaman ..!pur-ee!pucc-h:ags