I have recently received a credit cards from Bank of China. As my last experience two years ago with American Express was a nightmare, I am trying to deal the most careful possible with credit cards, once you left an amount without cover charges comes as crazy. Of course two years ago i was also in difficult times to cover my debts, but after that experience i try to maintain all expenses to cover. Comparing it is even better to get a credit (also dangerous) than left the credit cards become a nightmare.
Well, yesterday i have approached the nearest branch. I have asked how much my next payment as i did cover the hundred percent.
In numbers, last month my consumption was for 13492 HKD, i have paid 6000 HKD. So I left without covered 7492 HKD.
I got surprised when the lady said me i have to pay interest the amount of 456.30 HKD, clearly a very high percentage... So my total amount to pay next November should be 17721.31 HKD.
Evidently the girl didn't know how to explain that and call again Card services. I should leave, so I didn't finish to clarify the charges. The last thing the one who talked to me by phone was if i will pay niw maybe you can get waived.
Today i came back. And the one who took care of this call twice because I insisted in the waived process with the last month amount.
Finally he gives me the choice to waive the charges...
I have decided to pay even if I should sell some satochis to adjust the amount.
My final savings paying today was 980.48 HKD
It was just like a good trade. The other possible choice was to use the money and try to do some income from some trades. But usually you get the opposite results. So better to think I did a trade with +900 HKD income.
I hope not to fall in the trap of the credit cards...
