Going back to HSBC credit cards, is everyone getting a 2 months interest-free period before they have to pay back?
Going back to HSBC credit cards, is everyone getting a 2 months interest-free period before they have to pay back?
hmm...because one always has the luxury of time to go in to a bank, and apply for a personal loan (for 900usd?? not even worth the time!!)
bottom line is anything over 15% apr for normal/good credit ppl on a revolving line of credit in any normal nation would be predatory and loan shark type lending. since hk is the 'financial center' of asia...i find it ridiculous that they can still charge that much (along with my other rants about hsbc's archaic retail banking practices)
Rubbish - normal credit cards in, for example, the UK carry 2% per month interest or thereabouts. It is the US that is out of line here and they have totally fucked up the world's economy as a result - I can't believe that anyone with any intelligence could possibly still be defending it.
Loan sharking limits in many countries (including HK and The Philippines) are at 5% per month.
Re university - I had only a partial grand, no financial support from parents and yet did not default to a credit card. I just spent less (e.g. did not go drinking at the pub with my classmates, or eat out, purchased clothes from second hand shops, did not go on holiday, or go home often etc etc) and got a holiday job.
It's not essential to spend money you don't have - it's a choice.