Whats the worst thing about Credit Cards

InclusiveNeil

Am curious to know what the worst thing about credit cards is to different people? My guess is its the long time it seems to take back and the confusion around repayment amounts/rates.

Any other thoughts?

molerat

The worst thing is that you have to pay them back ............ eventually. Can't think of anything else negative or confusing.

TheShape

That I don't have higher credit limits.

Superscrooge

I wish they would always include the expiry date of 0% deals on credit card statements. Some do but many don't

smallbusiness

I hate the fact most places charge more to take a credit card. Sometimes I want to put something on a credit card but the 2.5% surcharge some charge just have me reaching for my debit card instead.

molerat

Superscrooge wrote: »

I wish they would always include the expiry date of 0% deals on credit card statements. Some do but many don't

Agreed, Santander and MBNA do, TSB, Cap1, Halifax and Tesco do not. Shows what use the regulators actually are !

phillw

Superscrooge wrote: »

I wish they would always include the expiry date of 0% deals on credit card statements. Some do but many don't

Knowing the 0% expiration isn't much help if you are still using the card as you lose the standard 1 month free interest because you didn't clear the balance in full. They calculate the interest from the date the purchase was made at their standard rate, even though the purchase was made before the 0%.

It would be helpful if they told you what to pay and when to avoid interest.

Frudd

It doesnt feel like real money or real spending which is how people get in trouble!

Also agree about the offer duration, I have started writing it on the front of the cards

Shakin_Steve

There is nothing that's good, bad or even ugly about credit cards. Now.....the people that (mis)use them.....?