News24 | Wendy Knowler | The scandal of hidden fees for long-forgotten garage cards continues

News24 | Wendy Knowler | The scandal of hidden fees for long-forgotten garage cards continues

How long does it take a bank to amend its credit card bank statements to separately disclose the fee being charged on garage cards? In the case of Standard Bank, eight months and counting - despite this being declared a "priority", says Wendy Knowler.

An unexpected change in the due date of credit cards generated discomfort among private bank customers in Argentina. Many users found that the deadline for paying their abstracts was shortened, in some cases up to a week, which generated economic difficulties in a context of rising inflation and credit dependency. The main drawback is that, traditionally, maturities were located in the second week of the month, allowing workers to face payments …

The Municipal Consumer Office warns about this measure resolved by plastic stations and banks, which causes financial damage to users. Many anticipated their payment date to this week when many still did not collect their salaries.

Since a few months ago the due dates of the credit cards have been advancing and in this month of March, many abstracts have due date for payment between the 4th and 5th, which could create a difficulty for those who work in relation to dependency, and receive their dues generally from the fifth working day of the month. “Credit card issuing companies are obliged to include in the accession contract the deadline for the payment of the obligation…