tag:blogger.com,1999:blog-6636840023980636857.post2787259882700547574..comments2023-10-22T11:22:37.889-04:00Comments on The Online Lunchpail ™: Banks bully congressional witnessesBandithttp://www.blogger.com/profile/01431205981803804882noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-6636840023980636857.post-63533706059493612522008-03-16T19:33:00.000-04:002008-03-16T19:33:00.000-04:00It's in the long user agreement you're asked to re...It's in the long user agreement you're asked to read when you sign up for online bill paying. It's written by lawyers and not as much fun as the Online Lunchpail, but you should read it before checking the box that says "I agree." <BR/><BR/>It's also probably on the back of your credit card bill.scheffbdhttps://www.blogger.com/profile/12390825258658618991noreply@blogger.comtag:blogger.com,1999:blog-6636840023980636857.post-17267962081412828452008-03-16T12:32:00.000-04:002008-03-16T12:32:00.000-04:00Judging from bandit's account of things, the bank ...Judging from bandit's account of things, the bank where he has his account isn't the party that promised to transfer the money within a week...it was the credit card company who made this promise.<BR/><BR/>If the credit card company says in the fine print "Oh we can't do it within a week" maybe they need to make that print bigger so people can find it.The Reality Based Communityhttps://www.blogger.com/profile/07202802161174494209noreply@blogger.comtag:blogger.com,1999:blog-6636840023980636857.post-41171307729991219252008-03-14T14:24:00.000-04:002008-03-14T14:24:00.000-04:00Tim,Your bank controls how fast money is transfere...Tim,<BR/><BR/>Your bank controls how fast money is transfered to your credit card company. The credit card company sends a request for transfer, they can't actually withdrawal money from your account. The fine print of your credit card account will say the credit card company can't guarantee payment transfer times. you should always, always read the fine print. Especially when borrowed money is involved, as a lot of people are learning right now. <BR/><BR/>Here's a tip for beating the credit cards at their own game -- IF and only if you're able and responsible enough to manage credit card debt:<BR/><BR/>Get a credit card with no upfront or annual fees that has some kind of rewards program. Use that card <BR/>to buy EVERYTHING, including things you'd normally pay cash or write a check for when possible -- groceries, gasoline, car insurance, utility bills, etc. Then pay the balance off in full every week. You'll never pay a dime of interest. Instead they'll be paying you. For example, one of the American auto manufacturers offers a fee-free credit card with an interest rate about the national average. It pays 5% back in the form of a rebate on the purchase of one of their cars, or 2% back toward most other cars. Other credit cards pay 2-3% cash back.scheffbdhttps://www.blogger.com/profile/12390825258658618991noreply@blogger.com