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Credit Card companies could learn a lot from McDonald's Blog Discussion

This is the discussion to link on the back of Martin's "Credit Card companies could learn a lot from McDonald's" blog. Please read the blog first, as the discussion follows it.

Comments

  • RichyRich
    RichyRich Posts: 2,090 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    More transparency is always a good thing, but would people read a guide by a credit card company explaining what each of the features of the card means? My money is on most people putting it in the same place as the 12-page terms & conditions booklet - i.e. the bin!

    Rich
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  • MSE_Martin
    MSE_Martin Posts: 8,272 Money Saving Expert
    Part of the Furniture 1,000 Posts Combo Breaker
    Rich, I read the leaflet on nutrition in MacDonalds, it was done in a very understandable and quick to grasp way, it was bright, colourful, obtainable - unlike sumamry boxes.
    Martin Lewis, Money Saving Expert.
    Please note, answers don't constitute financial advice, it is based on generalised journalistic research. Always ensure any decision is made with regards to your own individual circumstance.
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  • McDonalds tut tut :rolleyes: I dont think the OS forum would be pleased to hear that, when you could of had a nutricious homemade meal.

    Apart from that yep i totally agree that more transparacy is needed - if people understood the sort of interest they would repay on a credit card at 28.9% or what have you, they may think again and be able to fairly assess what credit card is suitable for them.

    But then the credit card companies wouldn't want to truly illustrate what a bad deal they are offering would they ;)
    But if McDonalds are taking the plunge then surely the banks should aswell!
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