Yesterday, I got this in the mail from RBC Visa:
Take a break this month
No minimum payment required this month
Because you are a valued cardholder, we would like to offer you an RBC Royal Bank “Visa” payment holiday by waiving your minimum payment this January. Of course you may still make a payment if you wish. Please note that interest charges will continue to accumulate and the minimum payment shown on your next monthly statement will be calculated in the usual way.
So what they’re offering is an opportunity to pay them even more interest. And it’s not as if minimum payments are very large, anyway – I think mine is usually something like $10. Hmph.
Posted by davetill 