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I read in the news today that Lloyds TSB are to introduce a £35 annual charge for customers who either use their credit card rarely or don't use it at all. Is this some kind of sick joke or something?
Did they not report an 11% rise in pre-tax profits recently? First we had those ridiculously high bank charges, then an end to free banking and now this latest example of pure greed!
Surely they're making enough money out of their customers already? This is just one step too far and it looks to me as if they're out to punish the small minority of people in this country who would rather stay out of debt.
I have a credit card myself but I use it only on very rare occasions. I got the card mainly for emergencies and those times when a credit card is absolutely necessary. If I do use the card and it really isn't that often, I always pay the balance off immediately. In actual fact my balance is in credit at the moment and they owe me money!
Customers who use their credit cards heavily and can't afford to pay off the balance each month may end up being stung by the interest charges. That's their problem though and they can carry on donating to the already hugely inflated profits of the banks if they wish. Personally though I would rather hang on to my hard earned cash and use it to more life fulfilling ends.
I'm really fed up with the way the big high street banks treat their customers. To them we're nothing more than cash cows. It's been said before, but I think it's very appropriate - at least Dick Turpin wore a mask before he robbed you, they just sit in their glass towers and dream up new ways to screw money out you.