Platinum card, brass balls
This takes a certain temerity:
The Annual Fee is billed to the Account in full, in advance. For each subsequent year, the Annual Fee will be divided by 12 and billed to the account on a monthly basis.
So they get one year’s worth up front, and then after 30 days they start collecting on the second year. Geez. I get a better deal from the taxman. Then again, I had no reason to expect anything better.
Sean Gleeson »
3 November 2009 · 11:57 am
Are you sure that’s what it means? Will it really charge the 1/12 fee “after 30 days”? Because I would interpret that “For each subsequent year” clause as meaning it will start charging the monthly fee after a full year has elapsed.
CGHill »
3 November 2009 · 12:17 pm
I’d find that slightly less abhorrent, which makes it, in my experience, substantially less likely.
fillyjonk »
3 November 2009 · 2:00 pm
Small shreds of the card sent back in one of their postage-paid envelopes, with a hotly-worded letter on just why what they are trying to do is a bad deal? If a lot of their customers did it, maybe they’d change.
I realize that may not be practical (cancelling the account an all). But boy, would it be *satisfying*
CGHill »
3 November 2009 · 2:24 pm
Actually, I’ve done exactly that on occasion.
Up through about 2007, this process managed to get some mitigation of the atrocity some 40 percent of the time. It has not been successful since.
(See, for instance, this.)
Kay Dennison »
4 November 2009 · 12:28 am
Highway robbery!!!!