Would you be prepared to pay for a credit card?

No way........I would just do everything by debit card or cash.

I would be prepared to pay a modest amount for a credit card as they are so convenient. However charging for cards would make me very much more selective over the number of cards , many of those which I have at the moment I don't, or hardly ever, use. Befire getting a particular new card I would make sure that the benefits are very likely to outweigh the cost .

Absolutely not.  Credit card companies charge an

Normal
0

false
false
false

MicrosoftInternetExplorer4

/* Style Definitions */
table.MsoNormalTable
{mso-style-name:"Table Normal";
mso-tstyle-rowband-size:0;
mso-tstyle-colband-size:0;
mso-style-noshow:yes;
mso-style-parent:"";
mso-padding-alt:0cm 5.4pt 0cm 5.4pt;
mso-para-margin:0cm;
mso-para-margin-bottom:.0001pt;
mso-pagination:widow-orphan;
font-size:10.0pt;
font-family:"Times New Roman";
mso-ansi-language:#0400;
mso-fareast-language:#0400;
mso-bidi-language:#0400;}

Exorbitant rate if interest already without charging people to  own a card. Credit cards have their uses but it is better to pay them off rather than get into enormous debt which is encouraged by all the offers of credit card accounts that come through the door as Junk Mail.

I wouldn't touch one with a Barge Pole!!

I believe that we are already paying for credit cards in that the retailer is charged by the banks - usually a percentage of the transaction value. It is usually included in the overall price of the item(s) purchased and no discount is available for cash. When purchasing theatre tickets there is always a transaction charge added per seat to the advertised price. The only way I have found to avoid this is to buy the ticket for cash at the theatre box office, though this is not always practical. I have resisted bank attempts to upgrade my account to a "with perks" one in return for an annual fee as they are of no use to me. Even the insurance is usually so basic as to not be worth bothering with. Fortunately my bank offered me a free for life credit card several years ago and I will not be changing it unless the bank reneagues on its promise.

No!

Why, when at the moment, they pay me (cashback, points etc)to use their card?

The so-called benefits are absolutely no use to me and I don't want them.

I can see "free for a year" deals coming in - and then I would have to remember to change my card every year, just like I have to change my savings accounts when the initial bonus period runs out.

What a chore!

M.Jarvis A BIG NO,I will use my debit card.

No, I would simply pay cash or use my debit card. Any charge is not acceptable, they rake in enough from the vendors as it is!

NO, NO, NO, a thousand percent NO. The 'bad' credit debt is the providers own greedy fault. Why should non-defaulting borrowers subsidise that? We pay enough already for the 'privilege' of using a Credit Card.

Nope!! Even if they do offer better protection when buying online etc.

it wont happen. banks make huge profits out of people not paying off in time so why would they risk cutting off that source of income?

No, I use a credit card for most of my purchases and then pay it all off at the end of the month, I would rather use a debit card than pay a fee.

They wouldn't operate credit cards if they were not making money from them- so to ask me to pay for their bad judgement on allowing credit to people who cannnot afford to repay is ludicrous.

No way. We, the tax payer, already 'own' a large proportion of the banks.
Why pay for something that should be under our control anyway?
As time passes banks will corner us into a situation where there may be no alternative, as cheques are getting less common and cash is less accepted, debit cards will eventually be fee paying as well as credit cards.
It's the man in the street who continues to prop up the UK financial industry - mainly to feed the greed of high paid bank staff and government in the form of stealth taxes.

I can live without credit cards, but I doubt that the banks can afford to lose the business when millions of people cut up their cards.

Why should I pay for a credit card when I always pay my bill in full? I will start paying by cash instead. Because I'm not in debt nobody is making any money out of me.

I always pay off my card every month so I would never pay
Amonthly fee, unless there was something for my benefit.
Alan Roberts

no I would not pay to have a credit card I would rather do without

No

I have been working for credit card companies for years.When they have cut my wages by reducing the amount of cashback I recieve for each purchase, then I leave that company and find one that pays better.Credit card companies should realise that we are its workers as well as its customers and if they are going to charge us for working for them, then they are going to end up with a much smaller work force.

Absolutely not, I would destroy any credit card I had, if and when, these charges are introduced!!

We get very little interest currently from money invested in Banks as it is, but the Executives still receive massive bonuses despite huge losses.

Like so many I use my credit card(s) for purchase protection and point collection. I also benefit from and appreciate their convenience.

Unless any added services are something I need or really want I too will do without. They already make money through hidden charges/tarrifs/fines that filter through to us in increased prices so being expected to pay for their convenience won't wash!

However, banks are in the business of making money - always have been and always will be. So there should be no surprises there! Surely anyone running any business will always be looking for ways to increase income/profit? Why expect banks to be different?

Those folk who are financialli niaive or careless will probably accept any charges. Those who don't have a large income and therebye less disposable income may feel that they have little choice other than to accept charges too.

While I'm a 'lucky' one able pay the due balance in full each month it hasn't always been that way. I understand desire, greed, the unforseen etc. and how their individual mix can be good or bad thing.

So it comes back to common sense and being realistic and practical. While we've got options we should use them. There are other ways of paying for goods - cash, cheques, paypal etc.

But remember, whatever we do it's all managed by the banks. To get our money we have to go to them. Who gets paid their weekly/monthly pay/pension/benefit in their hand or in a paypacket these days?

So, I'll use my debit card until it attracts a charge. What will I do then? Swap/barter/work or give it all up and become a recluse?

I remember having to pay a fee for a credit card but that was in the day's when there were not so many to choice from. I would not pay to have a credit card. They charge enough money to the merchant for accepting credit cards in the first place. I would use my debit card or cash. I thought they were trying to make us a cash free society not turn us back to it. If there is more cash around there will be less tax collected.

Would never pay

No I would not pay for a credit card. They are a convenient way to pay for things but a debit card would be just as good for my needs,or, those useful things they are trying to ditch - cheques!! I believe alot of people like me would just stop using them which is a pity. Really it is the companies own fault for luring some people to get into debt with their ridiculous combination of absurdly high spending limits and low minimum repayments that has created the current situation - ie their irresponsible greed.

when credit card companies start charging persons who are fortunate enough to clear their balance every month, they should form a concenus if enough people cut up their cards and send them back maybe just maybe the penny might drop, some business is better than no business.
The other alternative is the complete opposite run your card up to your credit limit,
then cut it up and send it back if the banks want more bad debt then so be it.

Regards - peter myers