On a totally different subject, we have been listening to the Bay Area news and understand that the banks are again hiking up fees and interest rates on credit cards, in the States. I can not but wonder what the difference is, or rather why the difference is so big, in regards to having a credit card there verses here? Using a credit card here is free of cost, no annual fee, no interest rate. Most people use the card that instantly takes funds out of your account like the debit cards in America. No one uses checks here, that is considered extremely old fashioned, funds and payments are made via the internet. The credit card is used for everything! No purchase is too small. One card, your banks card works anywhere, in any auto teller, at no cost! Withdraw cash, no cost and you get an accompanying statement for your last four or five transactions at no cost. Merchants prefer the use of credit cards, they then don't have to deal with so much cash, they gladly allow purchases "over" the amount, reducing the cash in their cash drawer. You can use your card to buy an ice cream cone or a hot dog, gas for your car and that ONE card
fits anyplace, anywhere. This rather than having a card for the Chevron Station, the Shell Station etc. etc..................So, I wonder.........what's the difference? Why do the American Banks and monetary institutions cost so much? And let us not talk about those bonuses for the bank presidents and those guys. It makes my hair stand up!