Credit card charges by merchants

[Pattaya57]

21 minutes ago, georgegeorgia said:

Oh you don't use Sydney water ?

I forgot your from a Regional area unlike us City dwellers 

Please stop making stuff up. This is from Sydney Council (note the gov.au web address) and it says exactly what I said (and you said was rubbish).

 

 

As said to the OP already, this credit charge surcharge is common all over the World, not just Pattaya

[georgegeorgia]

Thanks pattaya57 afantastic information 

I'm on the other side of the harbour bridge than North Sydney but nevertheless 

You Sir are a scholar , thankyou for your service to the community 

[Jumbo1968]

On 11/2/2024 at 5:42 PM, NowNow said:

 

Whose fault is that? 😊 Get a proper card and throw that one away if it's no good. Reduced exchange rate seems unlikely. It's usually the Visa/Mastercard rate( often within 0.5% of the mid market rate).

It's somewhat surprising that after years of advice about these thing from the days of ThaiVisa, that there are still people that don't seem to understand how these things work.

Try getting a new bank account in the U.K. and a CC card when you don’t have an income, I am aged 73 years old and on the State Pension, I recently applied for an increase £3000 on my CC, limit, it was declined, they wouldn’t tell me why.

[Jumbo1968]

On 11/2/2024 at 5:42 PM, NowNow said:

 

Whose fault is that? 😊 Get a proper card and throw that one away if it's no good. Reduced exchange rate seems unlikely. It's usually the Visa/Mastercard rate( often within 0.5% of the mid market rate).

It's somewhat surprising that after years of advice about these thing from the days of ThaiVisa, that there are still people that don't seem to understand how these things work.

Try getting a new bank account in the U.K. and a CC card when you don’t have an income, I am aged 73 years old and on the State Pension, I recently applied for an increase £3000 on my CC, limit, it was declined, they wouldn’t tell me why even although I had been with them for over 25 years and never run debts up.

[Jumbo1968]

On 11/2/2024 at 5:42 PM, NowNow said:

 

Whose fault is that? 😊 Get a proper card and throw that one away if it's no good. Reduced exchange rate seems unlikely. It's usually the Visa/Mastercard rate( often within 0.5% of the mid market rate).

It's somewhat surprising that after years of advice about these thing from the days of ThaiVisa, that there are still people that don't seem to understand how these things work.

Try getting a new bank account in the U.K. and a CC card when you don’t have an income, I am aged 73 years old and on the State Pension, I recently applied for an increase £3000 on my CC, limit, it was declined, they wouldn’t tell me why even although I had been with them for over 25 years and never run debts up.

[Jumbo1968]

On 11/2/2024 at 5:42 PM, NowNow said:

 

Whose fault is that? 😊 Get a proper card and throw that one away if it's no good. Reduced exchange rate seems unlikely. It's usually the Visa/Mastercard rate( often within 0.5% of the mid market rate).

It's somewhat surprising that after years of advice about these thing from the days of ThaiVisa, that there are still people that don't seem to understand how these things work.

Can you suggest a U.K. Bank where a 72 year old on State Pension can open a bank account and receive a Credit Card ? 

[NowNow]

1 hour ago, Jumbo1968 said:

Can you suggest a U.K. Bank where a 72 year old on State Pension can open a bank account and receive a Credit Card ? 

 

Those are two different things. Bank account and Credit Card. You can have one without the other. Do you still have a U.K. address?

[georgegeorgia]

3 hours ago, Jumbo1968 said:

Try getting a new bank account in the U.K. and a CC card when you don’t have an income, I am aged 73 years old and on the State Pension, I recently applied for an increase £3000 on my CC, limit, it was declined, they wouldn’t tell me why even although I had been with them for over 25 years and never run debts up.

😳you don't have an income that's why 

Hard to take a pensioner to court 

[Briggsy]

@Jumbo1968 You are approaching this from the wrong angle.

 

Being rejected for a credit card or an increase in the limit of an existing card is not a personal slight. It does not mean you are being penalised or insulted. There is no need to "get the hump".

 

It is simply a commercial decision based on risk and return.

 

As a pensioner with no income other than a state pension, you do not fit the mould of a profitable customer. The issuing bank declines to give you a credit card or limit increase as you are not likely to be profitable and could well be loss-making.

 

It is the bank's decision. Access to credit is not a right or a meritocracy. They don't want your custom.

[AlwaysThere]

On 11/3/2024 at 11:46 AM, Patong2021 said:

What was so wrong in every aspect? 

Please do educate me, so that I can speak with our Treasury unit and have the guidance pages updated. Our company credit card policies and guidance for private and corporate use impact 10,000+ people and if our accounting firm has given us improper advice , well, golly gee then I really should say something. You can take delight in pointing out everything that  was so wrong in almost every aspect.

 

You from the U.S.? https://www.capitalone.com/credit-cards/ventureone/

 

 

[Jumbo1968]

3 hours ago, Briggsy said:

@Jumbo1968 You are approaching this from the wrong angle.

 

Being rejected for a credit card or an increase in the limit of an existing card is not a personal slight. It does not mean you are being penalised or insulted. There is no need to "get the hump".

 

It is simply a commercial decision based on risk and return.

 

As a pensioner with no income other than a state pension, you do not fit the mould of a profitable customer. The issuing bank declines to give you a credit card or limit increase as you are not likely to be profitable and could well be loss-making.

 

It is the bank's decision. Access to credit is not a right or a meritocracy. They don't want your custom.

I don’t disagree with what you say but after being with the bank since 1992 I have been more than profitable to them over years with loans, mortgages etc, I thought it was time to show a bit of loyalty back to me for all the years I have been with and never defaulted on any debts. I still have a substantial amount in the bank around 25 times more than I wanted my CC limit increased by.  I am now in the process of keeping the minimal amount in my accounts so they can’t profit from me.

[treetops]

13 hours ago, AlwaysThere said:

You from the U.S.? https://www.capitalone.com/credit-cards/ventureone

 

I think he/she is. The employer was a bit strange not only with them but also with the not very bright Treasury Unit he/she mentioned, if it fact it was true.  No idea about the real word the OP talked about and which  the thread discussed.

[Espanol]

On 11/2/2024 at 10:57 AM, Jumbo1968 said:

My U.K. bank charges a foreign currency transaction fee of 2.99% plus a reduced exchange rate for using a credit card outwith the U.K.

 

 

If you are European, you can request the free N26 or Revolut cards to pay outside the Eurozone without fees and at the official exchange rate.
The British can no longer use them since Brexit. In fact, Revolut was in the UK but after Brexit they moved to the Baltic Republics.

 

 

[GypsyT]

Is Revolut a Russian company?

 

"Who founded Revolut? Revolut was founded by Nikolay Storonsky and Vlad Yatsenko. Mr Storonsky is Russian-born, but carries a British passport and has lived in the UK since the age of 20. Mr Yatsenko is Ukranian British, and has lived in the UK since 2010."

 

I don't trust them. They also give bad exchange rate. but no fees.

Just an other WISE copy cat.

 

[NowNow]

On 11/6/2024 at 11:18 AM, Espanol said:

 

 

If you are European, you can request the free N26 or Revolut cards to pay outside the Eurozone without fees and at the official exchange rate.
The British can no longer use them since Brexit. In fact, Revolut was in the UK but after Brexit they moved to the Baltic Republics.

 

 

 

Almost completely erroneous 😊

[NowNow]

On 11/6/2024 at 11:40 AM, GypsyT said:

Is Revolut a Russian company?

 

"Who founded Revolut? Revolut was founded by Nikolay Storonsky and Vlad Yatsenko. Mr Storonsky is Russian-born, but carries a British passport and has lived in the UK since the age of 20. Mr Yatsenko is Ukranian British, and has lived in the UK since 2010."

 

I don't trust them. They also give bad exchange rate. but no fees.

Just an other WISE copy cat.

 

 

Nonsense....