Saturday, June 02, 2012
Why I hate banks, part 5,548 (and counting)
Well, "paid" is an ambitious word.
I did put something on account.
The bill is actually due tomorrow -- but you can't pay a bill online to Bank of America unless it's from a Bank of America account. So, even though the bill is due tomorrow, payments after 4:00pm yesterday might be deemed late. (Maybe B of A now accepts Saturday payments now on branches open for business on Saturdays, but -- and I found this out the hard way not that long ago -- this was not always the case. I'm not taking any chances.)
(And We the People bailed these lovely creatures out, remember?)
Anyway, transferring balances from a high interest card to one that charges a less usurious rate is not a bad idea.
But this little gem was included in a bill on a card that charges 24.99% interest.
The only people who charge more than that answer to names like Icepick Louie or Tony the Knee-breaker -- and even some of them would be embarrassed to charge 24.99% interest.
(Not a lot of them, admittedly. But some.)
This is just another instance of adding insult to injury.