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| Fashion Bug Credit Card |
My wife told me that she saw one of your credit card statements, they are going to start charging your account for each one dollar of paper they send him a statement. It seems that the banks are going to five cell phone providers, which some airlines began charging last year of paper money.
This is probably due in part because of new credit card rules, introduced by February 2010. I'm guessing the banks and financial institutions are hedging their bets that they make less money in interest charges and over limit fees, so they are looking for new sources of revenue. I'm not sure how much money it costs to mail a paper statement, but it's probably less than a dollar. I am sure that some of the more than one dollar, but the only ones I've heard so far for a dollar.
You can easily opt-out of receiving paper statements and can only be through your e-mail. My problem is that I do not check your e-mail everyday (I'm sure I'm in the minority) and I'm afraid to get lost in all of your e-mail spam and other messages. Plus, I do not know if my bill is due and get it today is kinda like a physical reminder that I have to pay it off, or I will face charges.
I am sure that this is only the beginning of a new effort to increase profits, and I'm just waiting for what they will present beside the counter lost revenue.
This is probably due in part because of new credit card rules, introduced by February 2010. I'm guessing the banks and financial institutions are hedging their bets that they make less money in interest charges and over limit fees, so they are looking for new sources of revenue. I'm not sure how much money it costs to mail a paper statement, but it's probably less than a dollar. I am sure that some of the more than one dollar, but the only ones I've heard so far for a dollar.
You can easily opt-out of receiving paper statements and can only be through your e-mail. My problem is that I do not check your e-mail everyday (I'm sure I'm in the minority) and I'm afraid to get lost in all of your e-mail spam and other messages. Plus, I do not know if my bill is due and get it today is kinda like a physical reminder that I have to pay it off, or I will face charges.
I am sure that this is only the beginning of a new effort to increase profits, and I'm just waiting for what they will present beside the counter lost revenue.
