The exchanges on this topic have been interesting, comparing the different
systems in other
countries.
One thing not mentioned is the existence of internet banks, like INGdirect, who
will hold your money
for you at the equivalent of or a bit more than fixed deposit rates, but you
can transfer
Oh, indeed, you are borrowing money from a credit card IF you do not
pay off the entire balance on the bill you receive within the correct
time. Here in the States, they encourage a sort of shell game with
these teaser interest rates, where you can indeed get 0% on a balance
transfer (very,
I have both a credit card and a debit card. Debit card for day to day
purchases in place of a cheque or cash, credit card for purchases where I
need protection. If I buy by mail order, or items over £100 or book a
holiday, I use my credit card because if the goods don't arrive, if there's
a
This is a good solution -wish we did some of this in the USA.
Lorri
To distinguish the different checks, English English spells the piece of
paper you write on to make a payment and that piece of paper filled in and
signed authorising payment a 'cheque'. 'Check' is used for all other
Helene wrote:
I wonder how many people owe banks more than several years of full pay
in credit
cards without really having noticedOne day, there is going to be a
nasty
reckoning,
and Tamara wrote:
because you couldn't keep up with the payments
on your many credit cards (though why
I have a Debit Card with my bank. It works exactly like a credit card - but
runs off a savings account, so it is more like writing a cheque (the sort
the Bank honours [usually!])( we spell check/cheque differently - the
English way!)
The best part of having a debit card is that the bank pays
Jane wrote:
The taxes are *there*, just calculated differently hidden
I consider this in the tax category altho perhaps I have been lucky so
far. Received notices from credit card company and the banks that they
are now charging a 'fee' of 3% of total amount of any foreign currency
charge or
